10 Cheapest Places to Live in Vietnam

Updated On May 19, 2024

From ancient towns to fresh cuisine, Vietnam is often a popular place to visit.

While many tourists only visit briefly, they’re missing out on experiencing much of Vietnam’s vibrant culture.

Not only that, but even a few weeks won’t give most visitors enough time to experience the history, nature, and food available throughout the country.

One alternative is to rent or buy a home in Vietnam.

However, you won’t want to spend an outlandish amount on a place.

The process of renting or buying a home in Vietnam can be complex for foreigners, with different rules and regulations depending on the city.

Don’t worry; we can help introduce you to ten of the cheapest places to live in Vietnam and where to find them and provide guidance on the local real estate market.

10 Cheapest Places to Live in Vietnam

Vietnam’s cost of living is a staggering 63.5% lower than that of the United States and a significant 42.8% lower than that of the United Kingdom.

This stark contrast in living costs should pique your interest, as it means you can enjoy a comfortable lifestyle in Vietnam without breaking the bank.

However, it’s important to note that the cost of living can vary significantly depending on where you choose to reside in Vietnam.

For instance, the bustling metropolis of Ho Chi Minh City, the largest city in Vietnam, has an estimated cost of living of %504.5 for a single person and $1,787 for a family of four.

However, the city also offers a range of living options, from more affordable apartments priced at $800 to even $2,000, to more luxurious accommodations.

This variety allows you to choose a living situation that best suits your budget and lifestyle.

Below, we’ll introduce you to the cheapest places to live in Vietnam and how much it would cost.

Da Nang
Da Nang

1. Da Nang

Da Nang is a city you won’t want to miss, as it features some of the best beaches in the country.

It also rests beside the Truong Son mountains, aka the Annamite Range, and the Son Tra Peninsula on the other side.

It’s a beautiful city located between Hanoi and Ho Chi Minh City.

Year-round, travelers worldwide come here to experience the deep culture and many activities, making it a great place to meet new people.

For living expenses, Da Nang is 72% less expensive than a place in New York, without including rent.

The average couple spends around $900 monthly, with a family of four requiring nearly $1,500.

Rent can range anywhere from $300 to $1,500.

The average cost to buy a home is estimated at $290,000.

Nha Trang
Nha Trang

2. Nha Trang

Nha Trang is a unique destination featuring sandy beaches lined with untouched islands and beautiful cascading mountains in the background.

The main attraction is the unique Buddhist-style temples, along with the drastic contrast between gothic-style Catholic churches.

The small city has a lot to do with plenty of indoor and outdoor activities, perfect for anyone who enjoys a wide range of options.

Living in Nha Trang can be an amazing experience, as the cost of living is estimated at a mere $500 to $1,000 a month.

The rent ranges from $250 to $700, depending on the number of rooms.

However, real estate homes can range from $100,000 to $150,000.

It’s worth noting that it’s very hard for a foreigner to own property in Vietnam due to strict regulations and the requirement of a long-term lease.


3. Hue

Whether you’re here for the cultural landmarks or the historical sites, Hue is a must-see city booming with activity.

Tourists are often drawn here to visit the Imperial City, the Thien Mu Pagoda, the Tomb of Emperor Minh, and the Perfume River.

However, the town’s aesthetic is kept very traditional, which many people enjoy.

The average cost of living in Hue is anywhere from $300 to $600, making it one of the most affordable cities.

That being said, there isn’t much to do in Hue, and many people who live here thrive best by experiencing the culture and being active with the locals.

Property costs can range anywhere from $50,000 to $100,000.

Hoi An
Hoi An

4. Hoi An

Located alongside the Thu Bon River’s northern banks, Hội An is one of the most well-preserved places in Vietnam.

In modern times, the city reflects the history of many of the cultures that were present between the 15th and 19th centuries.

Most of the heritage is due to the city’s status as a port town during that time.

Today, modern-day Hội An is still reflective of that but with more amenities.

The average cost of living in this stunning traditional place is estimated at around $250 to $600.

Due to its more remote location, Hội An is a decent place to live if you don’t mind the more small-town vibe.

That said, it isn’t for everyone.

Can Tho
Can Tho

5. Can Tho

Can Tho is currently the fourth-largest city in Vietnam and is known as the “river delta city” for its many waterways.

The culture and cuisine are unique to the Mekong Delta region, and many tourists are attracted to its lively atmosphere.

The city has the best of both worlds: stunning nature and a big city’s livelihood.

The cost of living in this amazing place is averaged at $300 to $700.

If you want to live in the inner city, rent prices will be much higher.

However, the outskirts of town are very reasonably priced and perfectly balance nature and city life.

Phan Thiet
Phan Thiet

6. Phan Thiet

Known as the port city, Phan Thiet is also the hometown of some of the country’s most delicious nuoc mam, or fish sauce.

The town features a lively fishing community, with many restaurants serving fresh seafood.

In addition, the city has a stunning coastal line with beautiful blue water.

The cost of living in Phan Thiet averages from $400 to $1,000 or more, depending on location.

Due to its busy fishing scene, many tourists come here to experience the many outdoor beachside activities.

If you’re looking for a lively industry alongside the coast of Vietnam, this is a place to visit.


7. Hanoi

Hanoi is Vietnam’s capital city, known for its many architectural landmarks and deep history.

It provides many notable landmarks sacred to Vietnam, including the Hoan Kiem Lake, Ho Chi Minh Mausoleum, and the Imperial Citadel of Thang Long.

Those looking for city life mixed with ancient Vietnamese history will enjoy exploring the surrounding area.

The average cost of living is estimated to be between $500 and $1,200.

However, many can get by with spending less.

The inner city is also more expensive, but if you want a cheaper cost of living, it’s best to move outside the international or touristy areas.

Da Lat
Da Lat

8. Da Lat

Da Lat is much different from other places mentioned on this list.

Instead, it features a countryside charm many people often forget to experience when visiting Vietnam.

Lined with beautiful countryside, the lush greenery is stunning and something you don’t want to miss.

It’s mainly located in the mountains, but there is a lot of European-inspired architecture, making it a stunning place.

If you’re planning to stay in Da Lat, you can expect a cost of living ranging anywhere from $692 to $1,092 a month.

However, some find that they can live very comfortably for $1,000 or less.

That said, Da Lat can be a little pricier in tourist areas despite being much less expensive than anywhere in the United States.

Phu Quoc
Phu Quoc

9. Phu Quoc

Phu Quoc is an island city with nearly 150 kilometers of coastline.

It’s an island retreat known for its many fishing markets and fresh seafood.

Phu Quoc is a popular destination for many, as there are foodies worldwide to experience the cuisine.

In addition, the subtle island lifestyle is a relaxing place similar to Hawaii‘s.

A person visiting or living here can estimate needing anywhere from $1,200 to $2,000.

These prices may seem high, but they are affordable to those looking for an island getaway.

If you were to try this in other areas, then you’d be spending nearly double.

Ho Chi Minh City
Ho Chi Minh City

10. Ho Chi Minh City

Ho Chi Minh City, formerly known as Saigon, is the heart of Vietnam.

It’s the biggest city in the country and is often the most cosmopolitan destination.

Those looking for big city life will enjoy the many amenities of the city and the rich history of the country’s past.

This city’s average cost of living is $500 to $1,800, depending on the family’s size and location.

Many of the amenities in Ho Chi Minh City are costly compared to other places in Vietnam, so the cost of living is slightly higher.

That said, it’s still relatively cheap when compared to other areas.

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Frequently Asked Questions

What part of Vietnam is the cheapest to live in?

Vietnam’s cheapest places to live include Ho Chi Minh City, Hanoi, and Da Nang.

Other places are cheaper, but they are more rural and less exciting for travelers.

However, if you want to immerse yourself in rural areas, there are many towns to choose from.

Where do most foreigners live in Vietnam?

Most foreigners live in major cities such as Hanoi, Ho Chi Minh City, and Nha Trang.

However, there are still many foreigners in Da Nang and Hai Phong.

Foreigners can be found throughout the country, but most mainly stay in touristy locations.

How much do you need to live comfortably in Vietnam?

For the average person, it’s estimated that you’ll need anywhere from $500 to $1,200 to live comfortably in Vietnam.

Vietnam isn’t expensive, and it has many amenities at a relatively low price.

That being said, there are also luxury places that can cost you a fortune.

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