13 Cheapest Places to Live in Europe (By Cost of Living)

by Jen
Cheapest Places to Live in Europe
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Looking for the cheapest places to live in Europe right now? Pack your bags and get ready for an exciting journey through Europe’s most affordable destinations! We’re diving into the world of budget-friendly living, exploring places where you can enjoy a high quality of life without breaking the bank.

From the charming streets of Krakow, Poland, to the sunny shores of Portugal, we’ve got the inside scoop on where to live for less.

Imagine sipping coffee in a cozy café in Budapest, Hungary, or strolling through the historic old towns of Riga, Latvia. You could be looking to work remotely for a few months at a time or maybe you want to relocate permanently. We’re taking you on a tour of countries like Romania, Bulgaria, and Slovakia, where you can live comfortably without spending a fortune.

In this article, I’ll guide you through 13 of the cheapest places to live in Europe, each with its own unique appeal. From bustling capitals to serene countryside, these destinations cater to a variety of lifestyles and budgets. So, grab your passport and let’s start this amazing journey through Europe’s most budget-friendly spots!

Cheapest Places to Live in Europe

Get ready for an exciting exploration of Europe’s most affordable places to live! We’re about to embark on a journey through the cheapest places to live in Europe. So, pack your curiosity, book your flights to Europe, and join us as we uncover budget-friendly destinations, where the cost of living won’t empty your wallet!

1. Romania

First stop: Romania! If you’re dreaming of living in Europe without draining your wallet, Romania is your go-to spot. This place is seriously underrated when it comes to affordable living. Sip coffee and work remotely all day in a cozy café in Bucharest, without it costing you an arm and a leg.

Living in Romania, you can score a nice apartment in cities like Bucharest or Brasov for way less than what you’d pay in most of Western Europe. We’re talking about an average monthly cost of living for two people being around €800. That’s a steal, right?

It’s also got this cool mix of old-world charm and modern vibes. Bucharest has this chic, artsy feel, while places like Transylvania take you back in time with their medieval castles and folklore.

And the food? Oh, you’re in for a treat! Romanian cuisine is hearty, flavorful, and super affordable. Plus, the locals are super friendly, and the internet’s fast, making it perfect for remote workers or digital nomads.

Whether you’re into exploring historic sites, hiking in the Carpathians, or just enjoying a laid-back lifestyle, Romania’s got it all. It’s the perfect spot for anyone looking to live well without spending a fortune.

Romania is one of the cheapest places to live in Europe.
Romania: Affordable living dreams come true in Bucharest – sip coffee, work remotely, and enjoy without breaking the bank.

2. Bulgaria

Next up, let’s chat about Bulgaria. This Balkan beauty is a hidden gem for anyone looking for an affordable European lifestyle. Bulgaria offers a fantastic mix of stunning nature, rich history, and, most importantly, a low cost of living.

Living in Bulgaria, you’ll be amazed at how far your money can go. Cities like Sofia, Plovdiv, and Varna offer a comfortable lifestyle without the hefty price tag you’d find in other European destinations. You can rent a nice place, enjoy delicious meals, and experience the vibrant culture, all while keeping your budget in check.

Bulgarian cuisine is another highlight. It’s tasty, hearty, and won’t break the bank. Plus, the locals are welcoming, and the country has a growing expat community, making it easy to feel at home.

Bulgaria’s all about living in a place where every day feels like an adventure. Imagine exploring ancient ruins, hiking through lush mountains, or relaxing on the Black Sea coast. And the best part? It’s all super affordable. This Balkan gem will truly blow your mind!

Bulgaria offers a fantastic mix of stunning nature, rich history, and, most importantly, a low cost of living.
Bulgaria offers a fantastic mix of stunning nature, rich history, and, most importantly, a low cost of living.

3. Hungary

Let’s dive into Hungary, where living well doesn’t mean spending big. Hungary, especially its capital, Budapest, is a haven for budget-conscious expats and digital nomads. Here’s the scoop on how affordable life can be in this stunning Central European country.

In Budapest, you can rent a comfortable apartment in the city center for around €500-€700 per month. That’s a fraction of what you’d pay in major Western European cities. And when it comes to groceries, you can fill your cart with fresh, local produce without breaking the bank.

But Hungary’s affordability isn’t just about housing and food. Public transportation in cities like Budapest is efficient and cheap, with a monthly pass costing around €30. And if you’re into dining out, you can enjoy a hearty Hungarian meal at a local restaurant for about €5-€10.

Hungary also offers plenty of free or low-cost cultural experiences. From exploring historic sites like Buda Castle to relaxing in famous thermal baths, there’s always something to do without spending a lot.

Living in Hungary means you can enjoy a European lifestyle with all the perks – beautiful cities, rich history, and delicious food – all while keeping your expenses low.

Explore Hungary, where Budapest is a haven for budget-conscious expats and digital nomads.
Explore Hungary, where Budapest is a haven for budget-conscious expats and digital nomads.

4. Poland

Now, let’s head over to Poland, a country that’s become a hotspot for affordable European living. Poland offers a fantastic combination of low living costs, rich cultural experiences, and modern amenities, making it an ideal choice for those looking to stretch their budget.

In cities like Krakow and Warsaw, you can find a comfortable apartment for as little as €400-€600 per month. And when it comes to everyday expenses, Poland won’t put a dent in your wallet. A monthly grocery bill for two can be around €150-200 – that’s nothing compared to some of the most touristy European cities!

Public transportation in Polish cities is both efficient and economical, with monthly passes typically costing around €20-€30. This makes getting around and exploring the city both easy and affordable.

From the historic streets of Krakow to the modern vibe of Warsaw, Poland offers a diverse range of experiences. Plus, the country is known for its friendly locals and strong sense of community.

So, if you’re searching for a budget-friendly European country that’s full of life, culture, and history, Poland is waiting for you. Let’s discover all the amazing things Poland has to offer!

Poland is one of the cheapest places to live in Europe.
Head to Poland, a hotspot for affordable European living with low costs, rich culture, and modern amenities.

5. Latvia

Hey, have you heard about Latvia? It’s this cool spot in the Baltic region that’s becoming a favorite for remote workers and expats. Latvia, especially its capital Riga, is all about living well without spending a ton. Plus, it’s got this awesome vibe that’s perfect for folks working remotely.

In Riga, you can snag a sweet apartment in the heart of the city for like €400-€600 a month. And when it comes to eating, you can fill up your fridge or hit a nice restaurant without your wallet taking a hit. We’re talking about €200-€300 a month for groceries for two, and around €10-€15 for a meal out.

Now, for all you remote workers out there, Latvia’s got your back. The internet here? Super fast and reliable. And the coworking scene in Riga is just buzzing. Places like TechHub Riga and The Mill are where you can set up shop, meet other digital nomads, and get your work groove on.

Let’s dive into the Latvian lifestyle and make the most of this hidden European gem!

Check out Latvia, a favorite for remote workers and expats, especially in its capital Riga.
Check out Latvia, a favorite for remote workers and expats, especially in its capital Riga.

6. Lithuania

Alright, let’s zoom in on Lithuania. This place is a real standout when it comes to living affordably in Europe. Lithuania, especially its capital Vilnius, offers a unique mix of historical charm and modern comforts, all at prices that’ll make your wallet happy.

For starters, the cost of living here is incredibly reasonable. In Vilnius, you can get a nice apartment in a good area for about €350-€500 per month. The city is also compact and walkable, so you might not even need to spend much on transportation.

When it comes to food, Lithuania won’t disappoint. You can enjoy delicious local dishes like cepelinai (potato dumplings) or šaltibarščiai (cold beet soup) all over Vilnius! A typical meal at a local restaurant costs around €6-€9, and the quality is top-notch.

But just because Lithuania’s cheap, it doesn’t mean it lacks quality! Vilnius is known for its stunning Baroque architecture, vibrant arts scene, and green spaces. It’s a city where history meets modernity, and there’s always something new to discover.

The country is home to beautiful national parks, like Trakai Historical National Park, where you can explore medieval castles and pristine lakes. And the best part? These natural wonders are easily accessible and affordable.

Lithuania is a standout for affordable living in Europe with a unique blend of historical charm and modern comforts.
Lithuania is a standout for affordable living in Europe with a unique blend of historical charm and modern comforts.

7. Slovakia

Now, let’s talk about Slovakia. This Central European country has an incredible cost of living while also  being perfectly positioned for exploring the rest of Europe. Living in Slovakia means you’re just a stone’s throw away from some of Europe’s most iconic cities.

In Bratislava, Slovakia’s capital, you can enjoy a comfortable lifestyle with apartments averaging €500-€700 per month. But what’s really cool about Bratislava is its location. It’s right on the border with Austria and Hungary, making weekend trips to Vienna or Budapest super easy and affordable.

Apart from its prime location, Slovakia offers stunning natural beauty, from the High Tatras Mountains to serene rivers and forests. It’s a paradise for outdoor lovers. Plus, the country’s rich history is evident in its charming towns and impressive castles.

For remote workers, Slovakia’s growing coworking scene and reliable internet make it an ideal spot. Cities like Bratislava and Košice are welcoming to expats, offering a vibrant community and plenty of networking opportunities.

So, if you’re looking for an affordable European country that’s also a gateway to countless travel adventures, Slovakia is the perfect choice. Let’s pack our bags and explore all the wonders Slovakia and its neighboring countries have to offer!

Slovakia offers an incredible cost of living and a perfect location for easy access to some of Europe's iconic cities.
Slovakia offers an incredible cost of living and a perfect location for easy access to some of Europe’s iconic cities.

8. Croatia

Croatia is the place to live the Mediterranean dream without emptying your wallet. This magical country has stunning beaches and historic cities while also being super affordable, especially when it comes to enjoying the finer things in life.

In cities like Zagreb and Split, you can find a cozy apartment for €400-€600 per month. But here’s something you’ll love: a decent bottle of local Croatian wine can cost as little as €5. Imagine enjoying a glass on your balcony with a view of the Adriatic Sea.

The country is becoming a hotspot for digital nomads, with coworking spaces available at reasonable prices. In cities like Zagreb, you can find a spot in a cool coworking space for around €100-€150 per month. That’s a small price to pay for a productive workspace and the chance to meet fellow nomads.

You’ve got crystal-clear waters, beautiful islands, and historic towns like Dubrovnik and Split, Croatia. And when you’re not working, you can explore these amazing spots without spending a fortune.

The food here is another highlight. Croatian cuisine is a delicious blend of Mediterranean flavors, and dining out won’t cost much compared to the Italian coast. You can enjoy a meal at a nice restaurant for around €10-€15 per person.

Croatia is a magical country with stunning beaches, historic cities, and affordable luxury.
Croatia is a magical country with stunning beaches, historic cities, and affordable luxury.

9. Portugal

Portugal has long been a favorite among those seeking an affordable European lifestyle with a touch of coastal charm. This country offers a fantastic mix of sunny weather, beautiful beaches, and a cost of living that makes it a great choice for budget-conscious expats.

In cities like Lisbon and Porto, you can find a comfortable apartment for around €600-€800 per month. But what’s really cool about Portugal is its laid-back vibe and friendly locals. You’ll feel at home in no time, whether you’re in a bustling city or a quiet seaside town.

For remote workers, coworking spaces are popping up all over, especially in Lisbon and Porto. You can expect to pay around €100-€200 per month for a spot in a trendy coworking space.

And let’s talk about the food – Portuguese cuisine is all about fresh seafood, delicious pastries, and, of course, the famous pastel de nata. Dining out is quite affordable, with a meal at a nice restaurant costing about €10-€15 per person.

Portugal’s also known for its stunning landscapes, from the rolling hills of the Douro Valley to the dramatic cliffs of the Algarve. And the best part? Exploring these natural wonders won’t cost you a fortune.

Portugal is one of the cheapest places to live in Europe.
Portugal offers a fantastic mix of sunny weather, beautiful beaches, and a budget-friendly cost of living.

10. Spain

Alright, let’s dive into Spain, a country that’s a bit pricier compared to some others on our list, but trust us, the perks make it totally worth it. Spain is like a never-ending fiesta with its lively culture, sunny beaches, and a lifestyle that’s hard to resist.

In cities like Madrid and Barcelona, rents average around €700-€900 per month for a comfortable apartment. For this, you get a unique blend of modernity and tradition that’s hard to find elsewhere.

Spanish cuisine is a culinary adventure. In tourist traps like Las Ramblas, you’re bound to pay a little more than elsewhere, but check social media, especially TikTok, and you’ll find some spots off-the-beaten-path. There are tons of great, cheap eats across Spain!

The country has a bustling coworking scene, especially in cities like Madrid and Barcelona. Prices for coworking spaces can vary, but the energy and networking opportunities are priceless.

Spain’s landscapes are incredibly diverse, too. From the stunning beaches of the Costa del Sol to the historic charm of Seville, there’s something for everyone, making it one of the top countries to live and visit in Europe. And don’t even get us started on the festivals – Spain knows how to throw a party!

Enjoy a never-ending fiesta with lively culture, sunny beaches, and an irresistible lifestyle in Spain.
Enjoy a never-ending fiesta with lively culture, sunny beaches, and an irresistible lifestyle in Spain.

11. Greece

This Mediterranean paradise is a dream vacation spot while also being an excellent choice for those seeking affordable living in a stunning setting. Greece offers a rich history, beautiful islands, and a cost of living that won’t put a dent in your wallet.

In cities like Athens and Thessaloniki, you can find an apartment for around €400-€600 per month. Greece’s low cost of living means you can enjoy the warm hospitality of the Greek people without breaking the bank.

Greek cuisine is legendary, and dining out is a joy. You can savor souvlaki, moussaka, and fresh seafood at local tavernas for around €10-€15 per person.

For remote workers, Greece is a hidden gem. The country is catching up with the digital nomad trend, and you’ll find coworking spaces in major cities and on some islands. Prices for coworking spots are quite reasonable, making it a great place to balance work and leisure.

Greece’s landscapes are postcard-perfect, from the white-washed buildings of Santorini to the ancient ruins of Delphi. And if you’re a beach lover, the Greek islands offer some of the most beautiful beaches in the world.

Greece offers rich history, beautiful islands, and a wallet-friendly cost of living.
Greece offers a rich history, beautiful islands, and a wallet-friendly cost of living.

12. Slovenia

Now, let’s set our sights on Slovenia. This small European country is a hidden gem for those seeking affordable living with natural beauty all around. Slovenia offers a unique blend of stunning landscapes, a charming capital, and a cost of living that’s easy on your wallet.

In cities like Ljubljana and Maribor, you can find a cozy apartment for around €500-€700 per month. Slovenia’s cost of living is relatively low, allowing you to enjoy the lush greenery and pristine lakes without overspending.

Slovenian cuisine is a delightful discovery, with dishes like potica (nut roll), štruklji (dumplings), and fresh seafood by the coast. Dining out is reasonably priced, with meals at local restaurants averaging around €10-€15 per person.

For remote workers, Slovenia is a rising star in the digital nomad scene. The country offers coworking spaces in major cities and beautiful settings like Bled. Prices for coworking spots typically range from €80-€150 per month which is half of what you might pay in Paris or Berlin.

Slovenia’s landscapes are its biggest draw. From the fairytale-like Lake Bled to the underground wonders of Postojna Cave, there’s something magical around every corner.

Set your sights on Slovenia, a small European hidden gem for affordable living with natural beauty all around.
Set your sights on Slovenia, a small European hidden gem for affordable living with natural beauty all around.

13. Estonia

Last but certainly not least, let’s talk about Estonia. This Baltic gem is a fantastic choice for affordable living with a tech-savvy twist. Estonia offers a mix of medieval charm, digital innovation, and a cost of living that’s easy to manage.

In cities like Tallinn and Tartu, you can find a comfortable apartment for around €400-€700 per month. Estonia’s affordability extends to daily expenses, including transportation and shopping. Transportation in Estonia is budget-friendly, with a monthly public transportation pass costing around €25-€40.

Estonia is a Baltic gem that's a fantastic choice for affordable living with a tech-savvy twist.
Estonia is a Baltic gem that’s a fantastic choice for affordable living with a tech-savvy twist.

When it comes to shopping, Estonia offers reasonable prices for everyday items. A trip to the grocery store won’t break the bank, with a typical grocery bill for a week’s worth of essentials averaging around €30-€50 for a single person. Dining out is quite reasonable, with meals at local restaurants averaging around €10-€15 per person.

Estonia’s rich history and well-preserved medieval towns offer a glimpse into the past, while its modern cities embrace innovation. The country’s beautiful coastline and pristine forests are perfect for outdoor enthusiasts.

The cheapest place to live in Europe for all types of travelers
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