When someone is searching for a cost-efficient price, there are many synonyms available for the term "cheap rate". One common phrase is "affordable rate", which suggests that something is within the financial means of most people. Another phrase is "budget-friendly", implying that the price is suitable for those operating under tighter financial constraints. "Inexpensive" is another phrase that can connote a good deal or value for the money, with the price not being too terribly costly. "Economical" suggests that the price is a savvy and wise choice, typically with a connotation of being budget-friendly. Finally, "low-cost" emphasizes that the price point is set at or below the average range for a particular item or service.