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For expats seeking a blend of affordability, culture and quality of life, Europe still holds many hidden gems. While popular cities like Paris, Amsterdam or Barcelona often at the top of many a wish list, their soaring rental costs and everyday expenses can quickly dampen the dream. For EU citizens, digital nomads and retirees looking for value without compromise, there are alternative European destinations that promise lower living costs, welcoming communities and attractive residency options – with Malta standing out as one of the most popular choices.
Why affordability matters more than ever
In an era of remote work, rising inflation and changing lifestyle preferences, where you choose to live matters. The cheapest places to live in Europe aren’t necessarily the ones with the lowest rent – they’re the ones offering a sustainable lifestyle at a fraction of the cost, with access to healthcare, safety, culture and mobility. Let’s take a closer look at some of the most appealing low-cost European destinations for expats, with a particular focus on what Malta has to offer.
Malta: small island, big lifestyle
Malta has moved up the ranks for expats seeking more than just affordability. Yes, Malta is cheaper than many Western European cities, but its appeal lies in the complete package: English as an official language, a strong healthcare system, modern infrastructure and an expat-friendly culture.
Living costs in Malta are relatively moderate compared to other EU countries. A single person can expect to live comfortably on around €1,200–€1,500 a month outside central areas, while couples or retirees might spend €1,800–€2,300 monthly depending on lifestyle. Rental prices
Residency programmes in Malta
Malta also makes it easy for EU nationals and third-country nationals to establish legal residency. Some of the most popular options include:
- The Malta Permanent Residence Programme (MPRP): Aimed at third-country nationals, it offers permanent residency for life, provided certain conditions are met.
- The Global Residence Programme: Offers a flat tax rate and is attractive for non-EU investors and retirees.
- Nomad Residence Permit: Tailored for remote workers earning income from outside Malta, this one-year renewable permit allows digital nomads to live legally in Malta without permanent ties.
Once a resident, you gain access to national healthcare, education (for children) and the ability to travel freely within the Schengen Zone – a key benefit for mobile workers and retirees who want to explore Europe.
Portugal: affordable with Atlantic flair
Portugal remains one of the best-value Western European countries for expats. Cities like Porto and Braga offer a high quality of life at lower costs than Lisbon. A one-bedroom flat in central Porto rents for around €800 a month, while meals and transport are affordable.
Portugal’s D7 visa is popular with retirees and remote workers who can show stable passive income or foreign earnings. English is widely spoken in urban centres, and the relaxed lifestyle continues to draw EU and non-EU citizens alike.
Bulgaria: the EU’s hidden budget haven
For those prioritising cost over convenience, Bulgaria – particularly the cities of Plovdiv and Veliko Tarnovo – offers some of the lowest living costs in the EU. A monthly budget of €800 can cover rent, food and transport. Bulgaria also boasts a 10% flat income tax rate and EU residency rights, making it an attractive base for digital nomads on a budget. While bureaucracy can be a hurdle, the overall cost-to-benefit ratio is hard to beat.
Romania: vibrant and affordable urban life
Romania combines low prices with a surprising quality of life. Cities like Cluj-Napoca and Timișoara are known for their tech scenes, youthful population and modern infrastructure. You can rent a central apartment for under €500 a month and groceries, restaurants and transport remain inexpensive. Romania also offers EU freedom of movement and is becoming increasingly popular among freelancers and entrepreneurs from across the continent.
Greece: island living without the island prices
While the Greek islands are known for their tourist premiums, inland cities such as Thessaloniki or Patras are affordable alternatives. Even in Athens, a modern flat can be rented for under €700 a month. The Greek Digital Nomad Visa has drawn considerable interest from freelancers and remote workers, although it’s best suited for non-EU citizens. The Mediterranean diet, warm weather and deep cultural roots continue to attract retirees seeking more than just sunshine.
Why Malta edges ahead
What sets Malta apart isn’t just affordability – it’s the holistic expat experience. The country’s political stability, low crime rate, efficient public services and high-speed internet make it a practical choice for remote workers and retirees alike. The presence of a strong English-speaking community and easy access to healthcare further simplify the transition.
And when it comes to buying or renting property, Malta stands out for having a well-regulated real estate market. Frank Salt Real Estate is one of the most established names in the sector, with decades of experience in assisting foreign nationals. We offer end-to-end support, including property tours, market insights, legal guidance and post-purchase services.
Final thoughts
The cheapest places to live in Europe for expats are those where your income goes further, your quality of life improves and your goals – whether financial, personal or professional – feel more achievable. While Portugal, Bulgaria and Romania offer compelling benefits, Malta offers the rare mix of affordability, community and lifestyle in one of Europe’s most accessible island nations.
Whether you’re planning a short-term relocation or a permanent move, Malta should be high on your list – and with the help of Frank Salt Real Estate, your journey from curiosity to holding your Malta property’s keys in your hand has never been more achievable.
