Some SUV models are incredibly affordable. Automakers are producing cheap SUV models to satisfy consumers that want a reliable new vehicle that doesn’t break the bank. How much is the cheapest fully-loaded SUV?

The cheapest fully-loaded SUV costs under $23K

Hyundai Motor Company makes the most affordable SUV on the market. The Hyundai Venue starts at just $19,650 and comes in three configurations: SE, SEL, and Limited. Further, the cheapest fully-loaded SUV, the Venue Limited, starts at just $22,900.

Hyundai Venue Limiteds have cloth/leatherette combination seating surfaces, heated front seats, and a leather-wrapped steering wheel. A leather-wrapped shift knob, wireless device charging, and blind-spot collision warning are also included. Additionally, each Limited comes standard with a driver attention warning, a tire pressure monitoring system, and lane-keeping assist.

Venue Limited models offer great value for the money. They may be underpowered, but they’re well-equipped. Hyundai Motor Company is producing some of the best new SUVs on the market. Between models like the Venue, Kona, Sportage, Tucson, and Ioniq 5, the South Korean automaker is a strong competitor in the small SUV space.

What are the cheapest SUVs?

There are plenty of SUVs with starting prices under $23,000 (aside from the Hyundai Venue). For example, the 2023 Kia Soul starts at $19,890, and Chevrolet’s Trailblazer starts at $22,100. If the Venue isn’t for you, Hyundai’s Kona subcompact SUV starts at $22,140. Lastly, Mazda and Mitsubishi offer the 2023 CX-30 and Outlander Sport for $22,950 and $22,995, respectively.

In 2023, many affordable new SUVs offer great value for the money. While some cheap SUV models aren’t exactly hits in their segments, other models compete at the top of their class. The best cheap new SUV model is a subcompact SUV from a Japanese automaker that produces affordable quality vehicles.

What is the best cheap SUV?

If you’re on a tight budget, there are a few subcompact SUV models with low starting prices. The 2023 Mazda CX-30 is one of the most luxurious models in its segment. It’s a subcompact SUV that most drivers can afford, yet it’s significantly more refined than its competitors.

Mazda’s CX-30 subcompact SUV uses a 2.5-liter four-cylinder engine to make 191 horsepower and 186 lb-ft of torque. As a result, it achieves up to 26 miles per gallon in the city and 33 miles per gallon on the highway. CX-30 models are praised for their advanced safety features, excellent handling, and quality materials.

Mazda’s CX-30 Select trim starts at $25,400. It comes standard with blind-spot monitoring with rear cross-traffic alert, a Mazda advanced keyless entry system, and a leather-wrapped steering wheel. It also includes Mazda radar cruise control with stop-and-go, a tire pressure monitoring system, and all-wheel drive.

Drivers looking for a new SUV that won’t break the bank are in luck. Fortunately, there are plenty of affordable SUVs on the market that provide great driving and long-term ownership experiences. Models like the Hyundai Venue Limited and Mazda CX-30 Select make great sedan alternatives for drivers that desire plenty of standard features.