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Not every SUV is expensive in 2023. There are some models that most consumers can easily afford. The question is, do these affordable SUVs actually provide value? Are the most affordable SUVs on the market for 2023 straight cash or straight trash? Perhaps their value proposition lies somewhere in between. Here are the three cheapest 2023 SUVs ranked.

Cheapest 2023 SUVs

  • Hyundai Venue ($19,650)
  • Kia Soul ($19,890)
  • Chevrolet Trailblazer ($22,100)

Hyundai’s subcompact SUV is incredibly affordable

A red 2023 Hyundai Venue subcompact SUV is driving on the road.
The 2023 Hyundai Venue | Hyundai

Hyundai makes the cheapest SUV in the game. The 2023 Hyundai Venue starts at just $19,650. Moreover, it is one of the only 2023 SUVs with a starting price under $20,000 before taxes and additional fees. Even the range-topping configuration is affordable, starting at just $22,900.

Hyundai’s subcompact SUV may be affordable, but it isn’t at the top of its segment. Drivers will have to make some sacrifices if they choose the Venue over some of its more costly rivals.

One of the biggest issues with the Venue is its lack of power. The 2023 Hyundai SUV uses a 1.6-liter four-cylinder engine to make 121 horsepower and 113 lb-ft of torque. It’s seriously underpowered compared to some of its competitors. Still, the affordable pricing is hard to dismiss.

If you want a cheap new subcompact SUV to shuttle around town, the Hyundai Venue is straight cash. Hyundai understood the assignment with this one and targeted a niche market that greatly appreciates models like the Venue.

The Kia Soul is a classic affordable SUV

A blue 2023 Kia Soul subcompact SUV is parked.
The 2023 Kia Soul | Kia

Kia’s subcompact SUV is a staple in its segment. Aside from hamster commercials, consumers associate Kia Souls with value and affordability.

Hyundai Motor Company and its portfolio of brands know how to bring value. The Soul is a perfect example of an affordable model that delivers exactly what it should for its price.

The 2023 Kia Soul starts at $19,890 and uses a 2.0-liter four-cylinder engine to make 147 horsepower and 132 lb-ft of torque. As a result, the Soul gets up to 29 miles per gallon in the city and 35 miles per gallon on the highway. This subcompact SUV is praised for its surprisingly roomy interior and fantastic value.

Kia’s subcompact SUV is definitely cash, not trash. Upper trim levels add more creature comforts and tech to improve its overall ownership experience.

The Chevy Trailblazer isn’t a standout model

A yellow 2023 Chevrolet Trailblazer subcompact SUV is driving off-road.
The 2023 Chevrolet Trailblazer | Chevrolet

What Makes the 2023 Chevrolet Trailblazer a Top Affordable SUV

Chevrolet produces several competitive SUVs. That said, the Trailblazer isn’t exactly a big name in the subcompact segment. It’s overshadowed by more popular models like the Hyundai Kona and Mazda CX-30.

The 2023 Trailblazer starts at $22,100 and uses a 1.2-liter turbocharged three-cylinder engine to make 137 horsepower and 162 lb-ft of torque. Additionally, Trailblazers achieve up to 29 miles per gallon in the city and 33 miles per gallon on the highway.

2023 Chevy Trailblazer highlights include a roomy cabin and excellent safety scores. Still, its low power output and questionable value proposition earn it a low rank in its segment. The Trailblazer isn’t “trash,” but it isn’t beating many rivals in its segment either.