Cheap hatchbacks are the first choice of students and frugal shoppers alike. And, though not many of them are fast, their inexpensive asking price far outweighs the need for speed. There are plenty of new models available for 2024, meaning the competition between vehicles from top brands is as fierce as ever. These low-cost cars are mainly made by Honda, Volkswagen, Hyundai, and Mazda. Good for running in and out of the city, this type of car is typically powered by a small, turbocharged engine and returns very frugal fuel economy figures. That, along with practicality are the main reasons small hatches are such a winner. When you look at how much one costs, you’ll likely assume that there’ll be quite a few cut corners. You’d be correct, in most cases, but some affordable prices come with surprisingly good interiors. If you want to save even further on the cost, you could consider a second-hand model from 2020 or 2019.

2024 Honda Civic Hatchback
Base MSRP
$24,950
Fuel Economy
30/38 MPG
Horsepower
158 hp
2023 Chevrolet Bolt EV
Base MSRP
$26,500
Fuel Economy
131/109 MPG
Horsepower
200 hp
2024 Toyota Prius
Base MSRP
$27,950
Fuel Economy
57/56 MPG
Horsepower
194 hp
2024 Nissan Leaf
Base MSRP
$28,140
Fuel Economy
123/99 MPG
Horsepower
147 hp
2023 Subaru Impreza Hatchback
Base MSRP
$20,295
Fuel Economy
24/31 MPG
Horsepower
152 hp
2024 Toyota Corolla Hatchback
Base MSRP
$23,505
Fuel Economy
32/41 MPG
Horsepower
169 hp
2023 Kia Rio5
Base MSRP
$17,690
Fuel Economy
32/41 MPG
Horsepower
120 hp
2023 Mini Cooper Hardtop
Base MSRP
$23,400
Fuel Economy
27/37 MPG
Horsepower
134 hp
2023 Mini Cooper Electric Hardtop
Base MSRP
$29,900
Fuel Economy
119/100 MPG
Horsepower
181 hp
2024 Mitsubishi Mirage
Base MSRP
$16,695
Fuel Economy
36/43 MPG
Horsepower
78 hp

Advice for Choosing the Best of the Cheapest Hatchback Cars

With so many options to choose from in the USA, reaching a decision can be an arduous task. Here are a few pointers to try to make your life a little easier when searching for the cheapest hatchback car:

What to Consider Before Buying Cheap Hatchbacks

These types of autos share a few similarities as contenders in the segment. There are a few reasons to go for them, and a few disadvantages as well:

Pros

  • Extremely affordable
  • Light on fuel
  • Low maintenance
  • Small enough for easy maneuverability

Cons

  • Discounted-feeling interiors
  • Small trunk
  • Unimpressive powertrains

FAQs

What are some of the best cheapest hatchbacks in terms of value for money?

The Honda Fit is a fantastic choice. It has everything you’d need for everyday functionality and is spacious to boot. The Mazda 3 is also worth considering for its impressive interior. Another option is the affordable and reliable Volkswagen Golf.

Are all cheap hatchbacks powered by small engines?

Usually, yes. These types of autos are meant for quick trips around town, so they don’t need all that much power. You also can’t expect cars that cost so little to come with top-of-the-range engines.