noun, noun which may take the genitive case particle 'no'
low rent; peppercorn rent
Refers to rent that is inexpensive, often used in contexts like affordable housing or nominal rent.
この地域は低家賃の物件が多い。
There are many low-rent properties in this area.
低家賃住宅を探している。
I'm looking for low-rent housing.
低廉 is a more formal adjective meaning 'inexpensive' or 'low-priced', not limited to rent.
Compound of 低 (てい, 'low') and 家賃 (やちん, 'rent').