There is no doubt that cost is the number one decision maker when it comes to purchasing a vehicle. As prices continue to climb, affordable choices are getting harder to find, so we dug through what’s available to find the least expensive SUVs in the most popular classes.
These prices are current as of January 2024, using available manufacturer suggested retail prices for 2024 models wherever possible. The prices include destination fees, but not dealer markups or incentives.
Cheapest small SUV: 2024 Hyundai Venue
Not surprisingly, the most affordable SUVs are the smallest. There’s a whole host of subcompact SUVs out there, with some of the first introduced being the Nissan Juke
Profit margins in this class are narrow and popularity is high, which means the entrants are competitively priced. The top choices in the class are only a couple thousand dollars more than the most affordable alternatives below, so it may make sense to consider our favorites that include the Mazda CX-30
2024 Hyundai Venue: $21,135
The Hyundai Venue debuted in 2020 and earned praise for its overall value. You get a ton of features for the money as well as a very generous warranty. Holding it back is its rather weak engine and very tiny proportions.
Honorable mentions:
Cheapest midsize SUV: 2024 Chevrolet Equinox
Compact SUVs have the broadest appeal thanks to a very diverse group. It seems as though there’s a great pick for nearly every taste, whether you’re seeking something sporty, rugged or luxurious. They’re a great pick for small families with one child and/or a dog. The class is led by vehicles that include the Honda CR-V, Kia Sportage and Mazda CX-50, which are still within reach of most shoppers’ budgets.
2024 Chevrolet Equinox: $27,995
The Equinox debuted back in 2005 and this current third-generation was last redesigned in 2018, though a new one is right around the corner for the 2025 model year. While the current 2024 model may be showing its age, it still deserves your consideration for its comfortable ride quality, confident cornering and roomy passenger space. The Equinox’s