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Affordable vs. Cheap — What's the Difference?

Difference Between Affordable and Cheap

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Definitions

Affordable

To have the financial means for; bear the cost of
Able to afford a new car.

Cheap

Low in price, especially in relation to similar items or services
Local buses were reliable and cheap

Affordable

To manage to spare or give up
Can't afford an hour for lunch.

Cheap

Of little worth because achieved in a discreditable way requiring little effort
Her moment of cheap triumph

Affordable

To manage or bear without disadvantage or risk to oneself
Can afford to be tolerant.

Cheap

At or for a low price
A house that was going cheap because of the war
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Affordable

To make available or have as a necessary feature; provide
A tree that affords ample shade.
A sport affording good exercise.

Cheap

Relatively low in cost; inexpensive or comparatively inexpensive.

Affordable

Able to be afforded; inexpensive or reasonably priced.
An affordable vacation in the local area

Cheap

Charging low prices
A cheap restaurant.

Affordable

That may be afforded.

Cheap

Obtainable at a low rate of interest. Used especially of money.
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Affordable

That you have the financial means for;
Low-cost housing

Cheap

Devalued, as in buying power
Cheap dollars.

Cheap

Achieved with little effort
A cheap victory.
Cheap laughs.

Cheap

Of or considered of small value
In wartime, when life was cheap.

Cheap

Of poor quality; inferior
A cheap toy.

Cheap

Worthy of no respect; vulgar or contemptible
A cheap gangster.

Cheap

Stingy; miserly.

Cheap

Inexpensively
Got the new car cheap.

Cheap

(obsolete) Trade; traffic; chaffer; chaffering.

Cheap

(obsolete) A market; marketplace.

Cheap

Price.

Cheap

(obsolete) A low price; a bargain.

Cheap

Cheapness; lowness of price; abundance of supply. en

Cheap

Low and/or reduced in price.

Cheap

Of poor quality.

Cheap

Of little worth.

Cheap

Underhand or unfair.
The cheap trick of hiding deadly lava under pushable blocks

Cheap

Stingy; mean; excessively frugal.
Insurance is expensive, but don't be so cheap that you risk losing your home because of a fire.

Cheap

(finance) Trading at a price level which is low relative to historical trends, a similar asset, or (for derivatives) a theoretical value.
The ETF is trading cheap to NAV right now; we can arb this by buying the ETF and selling the underlying constituents.

Cheap

To trade; traffic; bargain; chaffer; ask the price of goods; cheapen goods.

Cheap

To bargain for; chaffer for; ask the price of; offer a price for; cheapen.

Cheap

To buy; purchase.

Cheap

To sell.

Cheap

Cheaply.

Cheap

A bargain; a purchase; cheapness.
The sack that thou hast drunk me would have bought me lights as good cheap at the dearest chandler's in Europe.

Cheap

Having a low price in market; of small cost or price, as compared with the usual price or the real value.
Where there are a great sellers to a few buyers, there the thing to be sold will be cheap.

Cheap

Of comparatively small value; common; mean.
You grow cheap in every subject's eye.

Cheap

Cheaply.

Cheap

To buy; to bargain.

Cheap

Relatively low in price or charging low prices;
It would have been cheap at twice the price
Inexpensive family restaurants

Cheap

Tastelessly showy;
A flash car
A flashy ring
Garish colors
A gaudy costume
Loud sport shirts
A meretricious yet stylish book
Tawdry ornaments

Cheap

Of very poor quality

Cheap

Embarrassingly stingy

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