Meaning & Definition
adjective
Inexpensive; reasonably priced; within one's financial means.
The new housing development offers affordable units for first-time buyers.
Not causing financial strain; manageable in terms of cost.
They are looking for affordable healthcare options that won't break the bank.
Reasonably priced relative to the average market; accessible to the average consumer.
The store prides itself on offering affordable fashion that appeals to everyone.
Low enough in cost to be easily purchased without significant sacrifice or consequences.
The restaurant is known for its affordable menu that caters to families.
Etymology
Early 19th century, from 'afford' + '-able'
Common Phrases and Expressions
affordable housing:
Housing that is affordable for the average person or family.
affordable rates:
Prices that are within reach for most consumers.
Slang Meanings
Cheap but satisfactory.
This place is great for a meal; it's cheap but still good!
Reasonably priced goods or services.
I found some decent gear that's totally in the budget!