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The most in-demand Cape Town suburbs to rent

Cape Town's rental market is thriving as younger generations enter the property market. Here's what the most in-demand Cape Town suburbs have to offer.

Cape Town Suburbs
Images: Property24

Article summary

  • Millennials are contributing to a thriving rental market, as they prefer to delay big life decisions, like buying a home.
  • Cape Town’s most in-demand suburbs are well suited to the young professional lifestyle.
  • In-demand suburbs include central areas like Gardens and Vredehoek, beachside suburbs like Parklands, and Winelands regions like Durbanville.

Cape Town’s rental market is thriving, as younger generations enter the property market. It’s well known that millennials are reluctant to buy properties, and prefer to delay big life decisions like getting married and buying a house. And why would they rush, when the Cape Town lifestyle has so much to offer the young professional?

Cape Town suburbs where young professionals can thrive

Cape Town’s famously diverse landscape; combining mountains, city, beaches and winelands; means you have a variety of suburbs that each offer completely different lifestyles, despite being within short driving distance of each other.

Here are some of the in-demand Cape Town suburbs, along with their average rental prices, according to data compiled by privateproperty.co.za.

Gardens

Cape Town Suburbs: Gardens

Average rental prices R13 000 (flat); R27 000 (house); R26 000 (complex)
What it offers As central as it can get while still being considered a suburb, Gardens offers immediate access to the CBD. Young professionals will be close to office blocks; the vibrant nightlife of Kloof Street and Long Street; and an assortment of restaurants, coffee shops and cafés. Gardens Centre has plenty of stores and services, while the nearby Wembley Square hosts a Virgin Active gym.

Woodstock

Cape Town Suburbs: Woodstock

Average rental prices R10 500 (flat); R15 000 (house); complex (R14 250)
What it offers The vibrant industrial neighbourhood has long been considered Cape Town’s rising star, with high-energy urban atmosphere and an increasing amount of office and residential blocks popping up in close proximity to each other, along with restaurants and nightlife. The Old Biscuit Mill is a famous landmark, hosting the world-renowned Test Kitchen, along with an array of other restaurants, boutique stores and a weekend market. Meanwhile, 1 on Albert is a new residential development that provides the perfect example of a millennial-friendly complex, with its hotel-style design, on-site facilities and proximity to nightlife.

Parklands

Cape Town Suburbs: Parklands

Average rental prices R8 000 (flat); R14 000 (house); R10 500 (complex)
What if offers Situated right next to Blouberg, Parklands offers views of the Atlantic coast and a laid-back beachside lifestyle. It’s the affordable alternative to upmarket Atlantic Seaboard suburbs like Camps Bay and Clifton, offering easy access to the seaside without the hefty price tag to go with it. There’s also shopping centres and a growing number of restaurants; and the CBD is just a 15 minute drive away. It’s one of the fastest-growing residential areas in the Western Cape, with sectional title properties being especially prevalent.

Vredehoek

Cape Town Suburbs: Vredehoek

Average rental prices R15 000 (flat); R25 000 (house); R25 000 (complex)
What it offers Situated on the slopes of the mountain, while still offering easy access to the CBD, the suburb is unique for its perfect mix of outdoor and city living, being in close proximity to the hiking trails of Table Mountain Nature Reserve, and the laid-back café culture of Kloof Street and Gardens.

Observatory

Cape Town Suburbs: Observatory

Average rental prices R12 000 (flat); R12 000 (house); R35 000 (complex)
What it offers Affectionately referred to as ‘Obz’, the Bohemian neighbourhood is like a miniature version of New York City’s East Village. There’s a host of quirky cafés, including beloved institutions like ‘A Touch of Madness’; a vibrant nightlife and characterful restaurants. Its proximity to the University of Cape Town and the CBD make it especially popular with students.

Durbanville Central

Cape Town Suburbs: Durbanville Central

Average rental prices R7 825 (flat); R16 000 (house); R13 000 (complex)
What it offers The northern suburb may seem far removed at first glance, yet it’s only about 25 minutes drive from the CBD, demonstrating one of the qualities people value most about Cape Town; the sheer diversity of surroundings packed into a relatively small circumference. Living in Durbanville offers a mix of small-town and big city life; a quiet, scenic neighbourhood with family-run restaurants and coffee shops and the Winelands on its doorstep, that still offers quick and easy access to the city centre.

Kenilworth

Cape Town Suburbs: Kenilworth

Average rental prices R11 500 (flat); R19 550 (house); R13 000 (complex)
What if offers While the Southern Suburbs are generally viewed as ideal for family homes; the leafy suburb of Kenilworth caters well to the young professional lifestyle, with close proximity to Cavendish Shopping Centre, the nightlife of Claremont and a host of highly rated restaurants.

Tired of renting?

It’s never too early to get your first foot on the property ladder. In fact, industry experts insist it’s not only easier than you think to escape the rent trap, but advisable to do so, lest you end up paying more for rent over a period of time than you would have for a mortgage.

You can give your chosen neighbourhood a trial run by starting out with a rented property, then gradually save for a deposit, and get yourself prequalified to determine what you could afford should you choose to purchase a home. You can get prequalified with ooba home loans, South Africa’s largest home loan comparison service, either by contacting them or using their free, online prequalification tool, the ooba Bond Indicator.

In addition to prequalification, ooba home loans offers a range of tools that make the home-buying process easier. Start with their home loan calculators; then use their free, online prequalification tool, the ooba Bond Indicator, to determine what you can afford. Finally, when you’re ready, you can apply for a home loan.

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