na-adjective, noun
cheap; inexpensive; low-priced
Formal or written term for low price, often used in economic, business, or official contexts. Not typically used in casual conversation.
この地域の住宅は比較的低廉である。
Housing in this area is relatively inexpensive.
低廉な価格で高品質の製品を提供
We provide high-quality products at low prices.
Compound of 低 (low) and 廉 (cheap, honest). The kanji 廉 carries a nuance of integrity and reasonable pricing, giving 低廉 a formal, positive tone compared to 安い.