The cheapest condos in Thailand: where asking prices start, and what a low price has to survive.
// Short answer
Of the five cities we track, Chiang Mai has the lowest asking prices: its lowest-priced areas have medians around ฿3.1 million to ฿3.5 million (about $93,000 to $103,000). In Pattaya a quarter of listings ask under ฿2,990,000, and in Bangkok a quarter of studios ask under ฿3,360,000. These are asking prices from listings, not sale prices, and a low price is only good if the unit passes the checks below.
Asking prices from listings collected in 2026. Asking, not sold.
On this page
Where are condos cheapest in Thailand?
By area median asking price, Chiang Mai's Fa Ham (฿3,097,000), Nong Pa Khrang and Suthep / Nimman are the lowest of the areas we publish, followed by Hua Hin City, Pattaya's Na Kluea, Phuket Town and Bangkok's On Nut.
| City | Lowest-priced areas | Median asking price | Sample |
|---|---|---|---|
| Chiang Mai | Fa Ham | ฿3,097,000 ($93,000) | 9 buildings |
| Chiang Mai | Nong Pa Khrang | ฿3,350,000 ($100,000) | 7 buildings |
| Chiang Mai | Suthep / Nimman | ฿3,450,000 ($103,000) | 18 buildings |
| Hua Hin | Hua Hin City | ฿4,001,500 ($120,000) | 9 buildings |
| Pattaya | Na Kluea / Wongamat | ฿4,147,050 ($124,000) | 854 listings |
| Phuket | Phuket Town | ฿4,250,000 ($127,000) | 903 listings (3M to 12M baht band) |
| Bangkok | On Nut / Bang Chak | ฿4,900,000 ($147,000) | 38 buildings |
Each figure is the median of an area, copied from that city's price page, where every area is listed with its sample; areas with three buildings or fewer are left out. Phuket's figures cover listings between ฿3 million and ฿12 million only. Dollar figures at the Bank of Thailand transfer buying rate of 30 September 2026, ฿33.39.
Sources
How cheap can a condo be?
Well below the medians. In Pattaya, a quarter of the 4,903 listings we hold ask under ฿2,990,000 and a tenth under about ฿2 million. In central Bangkok near the BTS and MRT, a quarter of studios ask under ฿3,360,000 and a quarter of 1-bedrooms under ฿4,092,500.
The cheapest units are usually the smallest: in Pattaya the bottom quarter of listings by size is under 33 m², and Bangkok studios have a median of 28 m². Price per square metre, not the headline price, is what tells you whether a small unit is cheap. By size in Bangkok: Bangkok condo prices by size.
Sources
What checks does a cheap condo have to pass?
The same as any condo, and they matter more at the bottom of the market: whether there is foreign quota left in the building, how the asking price compares with other units in the same building, what the title deed says, and how easily the unit could be resold.
- Foreign quota. A foreigner can buy freehold only while the building's foreign ownership is under 49%: what happens if the quota is full.
- The building. Compare the price per m² with other units for sale and recently sold in the same building, and ask the juristic person about the common-area fee and sinking fund: the juristic person, explained.
- The title. Check what the chanote shows before paying a deposit: the chanote, explained.
- The exit. A low entry price helps only if the unit can be sold again: selling a Thai condo as a foreigner.
How do you find a cheap condo that is actually good value?
Start from price per m², then check the building and the quota. A low price that comes with an older building or a full foreign quota may still be the right buy, but you should know which one you are buying.
If you are buying to live in it, the Home Shortlist picks five condos on your criteria and checks them. If you are buying to let, the Custom Report ranks every listing in your budget against its building and area, so you can check the unit clears the bar before you sign. All five cities side by side: how much is a condo in Thailand.
Sources
// Buying in Thailand?
Every listing in your budget, ranked on net yield, appreciation and resale. Any market with public listing data; book a free call first so I can confirm your city has the data.
See the $499 report, page by pageFrequently Asked Questions
Where is the cheapest place to buy a condo in Thailand?
How cheap can a condo in Thailand be?
Can a foreigner buy the cheapest condos?
Are these sale prices?
Header photo: Blowing Puffer Fish, CC BY 2.0, via Wikimedia Commons. All credits: image credits.