10 Cars You Can Affordably Lease For Less Than $300 Per Month

Summary

• There are plenty of new cars available for less than $300/month lease price, offering modern technology and safety features.
• The 2024 Mazda CX-30, Toyota Prius Prime, and Subaru Impreza are affordable options with good performance and fuel efficiency.
• Information on each car’s MPG, pros and cons, and performance specs can help you make an informed decision before leasing.

If you are looking at buying a new car in 2024, along with good fuel economy, one of the biggest things you will probably be concerned with is budget. As for most of us at the moment, rising costs in other parts of our lives may mean having to cut back on certain luxuries like a vacation or your new dream car.

But, if you are adamant that a new car is what you need this year for you and your family, your job, or just because cars are your passion, you may be interested to know that there are plenty of cars out there that you can lease for cheap each month. In fact, there are plenty of new cars out there that you can lease for less than $300 per month. You won’t own the car whilst leasing, but you can still drive a new car that features great technology, top-rated safety credentials, some impressive performance specs, and a modern style.

We have gathered information from numerous sources and compiled a list of ten new cars that you can lease for less than $300 a month. We have included a range of cars from the compact sedan, hatchback, crossover, and hybrid segments to ensure that your preference for the car is included. Information about combined MPG, pros and cons, performance specs, and general information is included in each entry to help you gain an informed view of the cars that are affordable to lease at under $300 a month.

In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from various manufacturer websites such as Mazda, Subaru, Volkswagen, Nissan, and Toyota, and other authoritative sources, including Fuel Economy.gov, Repair Pal, NHTSA, Cars Direct, Car & Driver for road testing, and source CarEdge. The models below have been ranked based on their monthly lease price, starting at the cheapest.

10 2024 Mazda CX-30

Lease Per Month: $194

The 2024 Mazda CX-30 features a sleek and dynamic exterior design that blends elegance with sportiness thanks to sculpted body lines. Showcasing a bold grille and striking LED headlights, adds a touch of aggression to this modern-looking and modern-feeling SUV-crossover. Inside is just as plush, so for the relatively low MSRP and lease price, you do get a lot. For a cheap car to lease, infotainment features such as Apple and Android connectivity come as standard, alongside comfortable power-adjustable seats and ample legroom for you and your passengers.

Performance Specifications

(Data was collected from Mazda)

There are 8 different trims to choose from, each with a little more interior luxury or a bit more power from the engine than the last. One of the main advantages of leasing the 2024 Mazda CX-30 is that all trims feature all-wheel drive as standard, making the road a safer place for you, improving power delivery, and safe stopping distances. You can lease the 2024 Mazda CX-30 for as little as $194 a month when you put down a down payment of $4,900 over a 36-month period.

Pros

• Powerful for its size
• Premium interior at low prices
• All-wheel drive is standard

Cons

• No hybrid option
• Better interior saved for higher trims
• Premium fuel is required for 250 horsepower

9 2024 Toyota Prius Prime

Lease Per Month: $229

If you are looking to join the thousands of other drivers making the switch to a hybrid car in 2024, then the 2024 Toyota Prius Prime is a very modern and cheap car to lease. Available for lease from Toyota from $229 a month, for that price, you get a hybrid with an ultra-clean and modern look, Toyota Safety Sense 3 as standard, which includes pedestrian detection, lane departure assist, and road-sign assist, and an array of top-tech features such as 12.3-inch multimedia display, Apple and Android connectivity, and a JBL sound system.

Performance Specifications

(Data was collected from Toyota)

When looking at driving a Prius, one thing springs to mind. That is fuel economy. The ‘24 Prius Prime is no exception and could give you the potential to save gas money as well as upfront costs. According to Fuel Economy.gov, the 2024 Toyota Prius Prime can achieve a very impressive combined gas MPG rating of 48MPG and a combined electric and gas MPG rating of 114MPGe.

Pros

• Modern exterior design
• Good amount of tech in the cabin
• Very good combined MPG

Cons

• No all-wheel drive option
• Cramped interior space
• Auto tests have complained about weak regenerative braking

8 2024 Subaru Impreza

Lease Per Month: $249

Coming from a long heritage of rally cars, if you are looking for the potential to have a little more off-roading adventure with your new leased car, the 2024 Subaru Impreza is a good place to start. With a starting lease price of $249 a month after an initial payment of $2,549 at signing, the Impreza makes for an affordable car to lease in 2024 with the potential to go off the beaten track a little.

Performance Specifications

(Data was collected from Subaru)

Boasting Subaru’s Symmetrical All-Wheel Drive system, the Impreza has been designed for various terrains. Paired with a decent ground clearance of 5.1 inches, it gives you the ability to take it over some rough roads.

The ’24 Impreza also showcases X-MODE, a feature that optimizes engine output, transmission ratios, and the AWD system to maximize grip and stability in challenging conditions. Hill Descent Control further aids in steep descents by maintaining a controlled speed, while Active Torque Vectoring enhances cornering grip for added confidence on winding paths.

Pros

• Center limited slip differential features as standard
• Descent amount of power
• The RS trim is back

Cons

• Tech is not as good as competitors
• Looks a bit like a crossover
• Bland interior design

7 2024 Chevrolet Trax

Lease Per Month: $249

If you are looking for a compact SUV that is cheap to lease in 2024, the 2024 Chevrolet Trax is a good place to look. Boasting a sleek and modern design, the Chevrolet Trax boasts impressive standard features, such as an 11-inch infotainment screen, an 8-inch digital instrument cluster, a huge 54.1 cubic feet of cargo space, a plush looking interior, which features faux leather, and spacious rear-seats.

Performance Specifications

(Data was collected from Chevrolet)

The 2024 Chevrolet Trax base trim, known as the Trax LS, can be leased for as little as $249 a month from a Chevrolet dealer and, as part of the included warranty, you can expect a 12-month/12,000 miles check-up and oil change, and a 5 year/60,000 miles powertrain warranty. For a low lease price, the Trax does offer a lot of convenience and peace of mind.

Pros

• Stylish exterior
• Good amount of torque for the size of the engine
• Good amount of tech inside

Cons

• No all-wheel drive option
• Not particularly fast
• Sportier-looking trims of the Trax don’t offer better capabilities

6 2024 Honda Civic

Lease Per Month: $249

Boasting an aggressive and sporty look that is twinned with some fantastic standard features, such as the Honda Sensing safety suite, LED headlights and tail-lights, automatic climate control, and a 7-inch infotainment display, the 2024 Honda Civic is a very impressive looking and performing sedan that can be cheaply leased each month.

Performance Specifications

(Data was collected from Honda)

Though the powertrain doesn’t produce face-melting speeds as you’d expect from some of the fastest sedans in the world, a decent 0-60 MPH time from the higher trims certainly helps with the daily commute if you use highways or fast roads regularly. Also, with a reasonable amount of torque, the mid-range power from the engine should be potent enough for daily drives. If you are a purist and are looking for a manual transmission, only the EX and Touring trims feature this as an option.

Pros

• Sporty looking
• Good tech upgrades compared to last year
• Manual transmission is available on certain trims

Cons

• Manual transmission is not available on all trims
• Only touring trim gets a leather interior
• No hybrid option

5 2024 Nissan Versa

Lease Per Month: $257

The 2024 Nissan Versa is a budget-friendly sedan that, though maybe viewed as more basic than others on the list, still boasts a lot of standard features that make it a good everyday car. It has also been named as 2024’s cheapest car that you can buy (outright) with a four-cylinder engine. Standard features on the Versa include a roomy cabin that boasts 44.5 inches of front legroom, 60/40 split rear seats, and Android and Apple wireless connectivity.

Performance Specifications

(Data was collected from Nissan)

If you are looking for a new car that is good for family use, you’ll be interested to know that the NHTSA has rated the 2024 Nissan Versa with a five-star overall safety rating, Fuel Economy.gov has said that the Versa can achieve a combined MPG of between 30 and 35 MPG, depending on whether you choose manual or CVT transmission, and it comes equipped as standard with safety features such as blind-spot warning, automatic rear braking, automatic pedestrian braking, and lane departure warning.

Pros

• Manual transmission is available
• Decent combined MPG rating
• Very affordable sedan

Cons

• Cramped compared to other sedans
• Lacking on horsepower
• Not a lot of storage space for small items in the cabin

4 2024 Volkswagen Taos

Lease Per Month: $258

Boasting an impressive estimated gas tank range of 409 miles, the 2024 Volkswagen Taos is a convenient, useful, and cheap car to lease. If you were to pay a $5,000 down payment and wanted to drive a maximum of 15,000 miles a year from a dealer in California, your monthly lease payments would only total $258. For that low lease price, you get a compact SUV that features a turbocharged engine, a sleek and modern exterior and interior design, and available Beats sound system.

Performance Specifications

(Data was collected from Volkswagen)

The technology features boasted also don’t disappoint. For the low price, you wouldn’t expect it to be the tech standard of the PorscheTaycan, but it is still ample. As standard, the 2024 VW Taos showcases the VW Digital Cockpit, Apple CarPlay and Android Auto, adaptive cruise control, and lane assist. Also, featuring a maximum cargo capacity of 60.2 cubic feet and 40.7 inches of front headroom, the VW Taos is an economical, spacious, modern, and convenient compact SUV to lease.

Pros

• Reasonably fuel efficient
• Lots of cargo space
• Lots of room for driver and passengers

Cons

• Not as sporty as the VW Golf
• Reviews have suggested sluggish acceleration
• Engine and road noise has been reported by customers at speed

3 2024 Mitsubishi Mirage

Lease Per Month: $275

If you are more concerned with driving economically or city driving, the 2024 Mitsubishi Mirage could be worth looking at. With a combined MPG rating of 39 MPG, ample storage space, a pokey low-revving engine, and some good tech as standard, the 2024 Mirage looks to be a good city or town car for 2024 that can be leased for a reasonably low amount.

Performance Specifications

(Data was collected from Mitsubishi)

Features of the 2024 Mitsubishi Mirage include rain-sensing wipers, driver’s armrests, a roomy cabin with 41.7-inches of front legroom, hill-start assist, tire-pressuring monitoring system, and safety features such as knee airbags, lane departure warning, and side airbags. For the relatively low MSRP of $16,695, or $275 lease price per month, you also get a sub-compact with a tiny turning circle of 15.1 feet, and 17.1 cubic feet of cargo space.

Pros

• Good combined MPG rating
• Small and compact hatchback in a shrinking segment
• Decent amount of tech for the price

Cons

• Very low horsepower
• Low-end interior
• Lack-luster

2 2024 Nissan Altima

Lease Per Month: $279 – $299

Boasting a seriously sporty exterior design, decent performance specifications, and a suite of great standard features, such as the Nissan Safety Shield 360, cruise control, 16-inch steel wheels with covers, and a 7-inch touchscreen, the 2024 Nissan Altima is a cheap car that can be leased for between $279 and $299, depending on the dealer you visit to purchase and dependent on your down payment.

Performance Specifications

(Data was collected from Nissan)

One of the most desirable features that the 2024 Nissan Altima showcases is the available all-wheel drive option, which means you can experience more efficient power output, more controlled steering, and better stopping distances. If you choose to extend your lease or go on to purchase the Nissan Altima, Car Edge has stated that the maintenance cost over 5 years is a low $1,491. So for a new car that can give you cheap and convenient driving, it can also be maintained for a relatively cheap price.

Pros

• Modern and sporty-looking
• All-wheel drive available
• Lots of trims available

Cons

• Auto journalists have said that the 19-inch wheels hurt ride quality
• Sluggish feeling engine

1 2024 Hyundai Sonata

Lease Per Month: $289

Boasting a varied range of available powertrains, a very modern and glossy exterior design, a range of different trims, including the Hyundai Sonata Hybrid trim, a domineering road stance thanks to the LED headlights and massive front grille, and a comfortable interior, the 2024 Hyundai Sonata is a sedan that can be leased cheaply, at the same time as offering you a range of driving experiences, depending on your preference.

Performance Specifications

(Data was collected from Hyundai)

According to Cars Direct, there are monthly lease options available from $279 for the base trim featuring the 2.5-liter naturally aspirated inline-four, and monthly lease options available from $380 per month for the trim boasting the hybrid powertrain that can achieve a combined MPG rating of 47 MPG. Along with the potential to save some money on gas and upfront costs, the Hyundai Sonata has also been rated by Repair Pal as four out of five stars for reliability, which puts it above 19 other models in its segment.

Pros

• Good range of powertrain options
• A good hybrid engine is available
• Affordable for what you get

Cons

• N-Line trim suspension is firm
• Reviews have complained about a high driving position for a sedan
• Some results from NHTSA safety tests are not the best