Looking to buy a Jeep but on a tight budget? Do you want an affordable Jeep that you can take on off-road adventures? Want to clear your bank account? Cars are expensive, but there are some affordable options. The cheapest new Jeep is a tie between his two small SUVs, the 2023 Jeep Renegade and his 2023 Jeep Compass. It comes in a small package, but it’s an off-road bargain.
The 2023 Jeep Renegade and Compass subcompact SUVs are the cheapest new Jeep models.
With a suggested retail price of $29,995, the 2023 Jeep Renegade and 2023 Jeep Compass subcompact SUV are the cheapest new Jeep models. Automakers usually have a distinct entry-level model. For Jeep, however, it’s a tie with both small SUVs having the same starting price. After Renegade and Compass, the next affordable Jeep is his Wrangler compact SUV ($31,195 MSRP) for 2023.
The cheapest new Jeep models are:
1. 2023 Jeep Renegade: $29,995 MSRP
1. 2023 Jeep Compass: $29,995 MSRP
3. 2023 Jeep Wrangler: MSRP $31,195
4. 2023 Jeep Cherokee: TBD (2022 Cherokee: $34,895 MSRP)
5. 2023 Jeep Gladiator: MSRP $38,775
6. 2023 Jeep Grand Cherokee: MSRP $41,035
7. 2023 Jeep Langer 4xe: $54,735 MSRP
8. 2023 Jeep Wagoneer: $58,995 MSRP
9. 2023 Jeep Grand Cherokee 4xe: $63,095 MSRP
10. 2023 Jeep Grand Wagoneer: $88,640 MSRP
Last year, the 2022 Renegade was the cheapest new Jeep model ($24,695 MSRP). However, the $24,695 starting price is for the sport trim that is discontinued for the 2023 model year. Currently, the base level trim for the 2023 Renegade is Latitude. However, the 2023 Compass retains the sport trim for the same price as the 2023 Renegade Latitude.
What’s New in 2023 Renegade?
With the removal of Sport trim, the 2023 Jeep Renegade subcompact SUV no longer has a front-wheel-drive layout option. All Renegade models now come standard with his four-wheel drive for enhanced traction on off-road excursions and in bad weather.
There are also various feature upgrades across the trim lineup of affordable small SUVs. These include new standard Adaptive Cruise Control for Limited trims and revised equipment groups and packages for Premium Group, High Altitude Package, Limited Elite Group and Trailhawk Elite. Group, and Premium Lighting Group. Additionally, the 2023 Renegade has one new exterior paint color option. That is Detonator Yellow.
What’s new in 2023 Compass?

For the new model year, the budget-friendly 2023 Jeep Compass subcompact SUV offers a new engine. It is a 2.0-liter turbocharged in-line four-cylinder. Combined with an 8-speed automatic transmission, it produces 200 horsepower and 221 lb-ft of torque. And like the Renegade, the Compass comes standard with all-wheel drive on all models.
Additionally, this small SUV is equipped with new safety and security features. This includes standard rear seat reminder alerts, drowsy driver detection, new security alarms, and automatic high-beam headlights for Latitude and higher trims. Additionally, the Sport and Latitude trims now come standard with 17-inch wheels.
2023 Jeep Renegade and Compass Small SUVs: The Most Affordable New Jeep Vehicles
If you’re looking for affordable Jeep vehicles for off-road adventures or city trips, check out the 2023 Renegade and 2023 Compass subcompact crossover SUVs. The two small SUVs have won the title of cheapest new Jeep, making them the most economically available models from the American automaker.
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