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Top 9 Cheapest New Cars In The US 2023/24. Photo KnowInsiders

Without question, the world is moving toward electricity at a breakneck pace. Several manufacturers are pledging to halt or drastically reduce producing gasoline and diesel-powered cars and replace them with electric models. This, alongside the competitive nature of the automotive industry and the latest technological advancements, means there is always something new to see both on the EV and ICE front.

As with other model years, it also leaves open many options for 2023, which may sometimes seem overwhelming. But it doesn't have to be that way. That's why we've compiled a list of 9 cheapest new cars in 2023/24 which will be top choices to satisfy your comfort, performance, livability, and driving enjoyment.

Check More: Top 9 Cheapest Electric Cars In The US Market 2023/2024

Top 9 Cheapest New Cars In The US 2023/24

1. 2023 Hyundai Elantra SE Sedan: Fair Market Price $24,295

Top 9 Cheapest New Cars In The US 2023/2024
Photo xehay

Hyundai has had a rapid rise, now leading the industry in some ways, including in offering a compact sedan that is far more inexpensive than it looks. The Elantra's base price is substantially cheaper than other cars in its class, but this affordable machine offers plenty of interior room, super-modern styling, and seriously impressive fuel economy.

All that said, the Elantra is the first vehicle of this list that begins to show a real trade off in terms of what you pay for versus what you get. The Elantra's Continuously Variable Automatic Transmission (CVT) is maddening, and the lower trim levels lack the performance of the higher end vehicles on this list. All that said, the Elantra offers a blend of aesthetics and cost effectiveness that many will find appealing.

2. 2023 Toyota Corolla LE Sedan: Fair Market Price $23,816

The only name with the same staying power as Civic, Corollas have shown that affordable cars can be great for decades. With a reputation for dependability, the Corolla is budget friendly in a number of ways, from its low base price to good longevity and excellent economy.

The Corolla is a good driving car in general, with excellent practicality and surprisingly sporty looks. That said, for real hot hatch performance you would need to spring for the much more expensive GR trims. Overall the Corolla is a solid overall package whose lowest price offers a seriously tempting value.

READ MORE: Top 5 Most Expensive Electric Vehicles in the World Today

3. 2023 Honda HR-V: Base model $23,800

Photo VnExpress
Photo VnExpress

When searching for an SUV or crossover in the Honda lineup, prices are mostly affordable. However, there’s one crossover that’s much cheaper than every other 2023 Honda SUV.

Upon entering the crossovers and SUVs section of the Honda website, you’ll find a clear answer to which is the most affordable. The 2023 Honda HR-V is far cheaper than any other model in the lineup. Priced below the popular CR-V and Pilot models, the HR-V is a small crossover with a lot to offer. The base model’s starting price is roughly $7,000 less than the CR-V and $15,000 less than the Pilot.

Buying a 2023 Honda HR-V LX base model costs $23,800. Comparatively, the CR-V starts at $31,110 and the Pilot at $38,080. Most buyers bet on reliability, affordability, and excellent standard features regardless of which Honda model they choose.

4. 2023 Volkswagen Jetta S (Manual) Sedan: Fair Market Price $22,930

When most people think of the word "car," a shape just like the Jetta's conservative and businesslike silhouette appears.

The Jetta isn't the car to turn to for flair, whether in terms of exotic styling or sporty handling, but the price is certainly right. Gifted with a large trunk and a wide range of standard features like a wi-fi network and Speech to Text, the Jetta offers a no-nonsense value proposition.

A value proposition that genuinely makes sense for many buyers on a budget looking for solid and comfortable transportation.

5. 2023 Subaru Impreza (Manual) Sedan: Fair Market Price $22,700

Photo Subaru
Photo Subaru

The Impreza is no doubt a small inexpensive car with excellent safety ratings and features. However, the budget Subaru's underpinnings and interior are looking increasingly long in the tooth compared to other much more recently updated affordable cars.

This especially true of the infotainment technology in general, though Apple CarPlay and Android Auto do come standard. While the cabin and underlying bones of the vehicle haven't been updated in a while, this carries the positive side effect of the Impreza keeping some older features that many other compacts have dropped, like the manual transmission option. The Impreza is also highly spacious both front and rear, and all Imprezas come standard with all wheel drive. Some charms are timeless.

6. 2023 Kia Forte LX Sedan: Fair Market Price $22,757

Kia has long produced some of the cheapest cars available on the new market, but these days that affordability is matched by quality. The Kia Forte might have a tiny base price, but it has a long list of standard features including CarPlay and Android Auto. A recent facelift keeps the Forte's exterior looking modern. The Forte might be among the cheapest cars on sale in the US, but has the same livability as much more expensive automobiles. If you have the means to go further up the options list, the Forte GT is among the sportiest cars available in its price range.

7. 2023 Mazda Mazda3 S Sedan-$22,550

Photo Mazda
Photo Mazda

Pros and Cons:


Sharp exterior styling

Upscale-feeling cabin

Available AWD


Cramped second-row seating

Improved mileage still not great

Available Engines: 2.5-liter inline four-cylinder (191 hp and 186 lb-ft), 2.5-liter turbocharged inline-fours (227 hp/ 310 lb-ft on regular and 250 hp /320 lb-ft on premium).

8. 2023 Mitsubishi Mirage ES Hatchback: Fair Market Price $18,780

The 2023 Mitsubishi Mirage is a throwback to an era where "no-frills subcompact" really meant no-frills subcompact. If we're being charitable, it nails the brief for being unapologetically spartan.

There are modern touches, like a backup camera and a color touchscreen, but the former is now mandated by law and the latter is necessary to make the former useful. One significant positive of the Mirage is the diminutive hatchback's incredibly light weight, at a thousand pounds lighter than some of the other cars on this list. While the equally tiny engine and less than impressive brakes and suspension aren't enough to make the Mirage much fun to drive, it does mean that even the low-tech 1.2-liter three cylinder can provide upwards of 40 mpg easily. For those looking for the lowest priced new car, that metric might be the most important of all.

9. 2023 Nissan Versa S: Base Price $15,730

Photo Zing
Photo Zing

The Versa gets a facelift for the 2023 model year, and with a fresh face comes a comparatively tiny price increase. Many other automakers have stopped producing subcompact cars entirely, focusing on more profitable (and expensive) vehicles. Not Nissan, who continue putting effort into the cheapest car in their lineup.

The Versa has a solid set of standard features like remote keyless entry, automated emergency braking and lane-departure warning. But with cheapness comes compromise: The Versa offers less interior space than many of its competitors, and lots of great features require a step up the trim list—including adaptive cruise control and a built-in WiFi hotspot. The base model does, however, come with CarPlay and Android Auto.

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