The 7 Cheapest SUVs for 2024: Affordable Choices for Every Budget

As the automotive market continues to shift towards more practical and economical options, the demand for affordable SUVs has surged. In 2024, consumers are seeking the cheapest SUVs that provide both value and functionality. With a variety of models available, finding the cheapest new SUV that fits your budget and lifestyle has never been easier. This blog will explore the seven cheapest SUVs on the market in 2024, highlighting their features, specifications, and overall value.

Top 7 Cheapest SUVs for 2024

Here’s a detailed look at the seven cheapest SUVs available in 2024, combining affordability with practicality and performance.

1. Hyundai Venue

• Price: $21,275
• EPA-estimated fuel economy: 31 MPG

The Hyundai Venue holds the title of the cheapest new SUV for 2024. With a base price of just over $21,000, it offers compact dimensions that make it perfect for city driving. Under the hood is a small 1.6-liter inline-four engine producing 121 horsepower and paired with a continuously variable automatic transmission (CVT). While this powertrain is adequate for low-speed city driving, it may struggle during highway passing maneuvers. The Venue also features a surprisingly spacious cabin with ample cargo space, making it an excellent choice for those who need practicality without breaking the bank.

2. Kia Soul

• Price : $21,565
• EPA-estimated fuel economy: 30 MPG

The Kia Soul has transitioned from being seen as a quirky hatchback to a popular subcompact SUV known for its unique design and affordability. Priced at $21,565, it features a 147-hp inline-four engine paired with a standard CVT and front-wheel drive. The Soul's distinctive styling and spacious interior make it appealing to buyers looking for something different. Additionally, it comes equipped with modern technology features such as Apple CarPlay and Android Auto integration, enhancing its overall value.

3. Nissan Kicks

• Price: $22,440
• EPA-estimated fuel economy: 33 MPG

The Nissan Kicks is an excellent option for those seeking an affordable SUV with smart looks and practical features. With a starting price of $22,440, it is powered by a 1.6-liter inline-four engine that generates 122 horsepower. The Kicks stands out with its sporty design and comes standard with numerous driver-assistance features including automatic emergency braking and lane departure warning. Its impressive fuel economy of up to 33 MPG makes it one of the most economical choices in its class.

4. Chevrolet Trax

• Price: $21,495
• EPA-estimated fuel economy: 30 MPG

The Chevrolet Trax is another budget-friendly option priced at $21,495. This subcompact SUV has been refreshed for the new model year and offers a stylish exterior along with a comfortable interior. The Trax is equipped with a turbocharged engine that produces about 137 horsepower, providing adequate power for everyday driving needs. It also features an intuitive infotainment system with an available touchscreen interface that enhances user experience.

5. Mazda CX-30

• Price: $26,370
• EPA-estimated fuel economy: 24 MPG

For those looking for an affordable SUV that doesn’t compromise on driving enjoyment, the Mazda CX-30 is an excellent choice at $26,370. This subcompact crossover combines Mazda's fun-to-drive character with practicality. It features a standard naturally aspirated inline-four engine producing 191 horsepower, providing spirited performance on the road. The CX-30 also boasts high-quality interior materials and advanced tech features that enhance the overall driving experience.

6. Kia Seltos

• Price: $26,465
• EPA-estimated fuel economy: 29 MPG

The Kia Seltos is another affordable option that offers more space than many subcompact rivals while still being budget-friendly at $26,465. It comes equipped with a standard four-cylinder engine that produces around 146 horsepower. The Seltos provides ample cargo space and comfortable seating for passengers while maintaining good fuel efficiency ratings. With available all-wheel drive options and advanced safety features, it’s an appealing choice for families or outdoor enthusiasts.

7. Jeep Compass

• Price: $27,495
• EPA-estimated fuel economy: 25 MPG

Rounding out our list is the Jeep Compass, now priced at $27,495 thanks to recent adjustments in its pricing strategy. This compact SUV is well-suited for those who enjoy off-road adventures while still needing everyday practicality. The Compass comes standard with a turbocharged two-liter four-cylinder engine producing 200 horsepower and includes all-wheel drive as standard equipment—ideal for handling various terrains and weather conditions.

Why Choose an Affordable SUV?

Affordable SUVs have become increasingly popular due to several key advantages:

Versatility

SUVs are known for their versatility; they offer ample cargo space and passenger capacity while maintaining manageable dimensions for city driving.

Fuel Efficiency

Many of the cheapest SUVs on the market today boast impressive fuel efficiency ratings compared to larger vehicles or traditional sedans.

Safety Features

Most new SUVs come equipped with advanced safety technologies as standard equipment—features like automatic emergency braking and lane-keeping assist can enhance driver confidence.

Comfort and Technology

Modern affordable SUVs often include comfortable seating arrangements and user-friendly technology interfaces that make driving enjoyable.

Key Features to Consider When Buying an Affordable SUV

When shopping for an affordable SUV in 2024, consider these essential factors:

Engine Performance

Look for SUVs that provide adequate power without sacrificing fuel efficiency—many models now offer turbocharged engines that deliver both.

Interior Space

Evaluate how much passenger and cargo space you need; some subcompact SUVs may surprise you with their spaciousness despite their smaller size.

Safety Ratings

Check independent safety ratings from reputable organizations to ensure you’re choosing a vehicle that prioritizes safety.

Technology Integration

Modern drivers appreciate connectivity options like Bluetooth compatibility and smartphone integration—look for models that offer these features as standard.

How to Maximize Your SUV Ownership Experience

To get the most out of your affordable SUV:

1. Research Incentives: Look into local or federal incentives that may apply when purchasing your vehicle.
2. Regular Maintenance: Keep up with regular maintenance schedules to ensure your vehicle runs smoothly over time.
3. Join Online Communities: Engage with online forums or social media groups dedicated to your specific model; you can learn valuable tips from other owners.
4. Explore Financing Options: Investigate financing options available through dealerships or banks to find competitive rates.
5. Plan Road Trips: Use your SUV’s cargo space wisely by planning road trips or outdoor adventures where you can utilize its capabilities fully.

Conclusion

The market for affordable SUVs in 2024 offers numerous options that cater to various preferences while remaining budget-friendly. From the compact Hyundai Venue to the versatile Jeep Compass, there’s an ideal choice for every driver looking to combine value with functionality.