Relatively low in cost; inexpensive or comparatively inexpensive. Charging low prices: a cheap restaurant. Obtainable at a low rate of interest. Used especially of money. Devalued, as in buying power: cheap dollars. Achieved with little effort: a cheap victory; cheap laughs. Of or considered of small value: in wartime, when life was cheap. Of poor quality; inferior: a cheap toy. Worthy of no respect; vulgar or contemptible: a cheap gangster. Stingy; miserly. Inexpensively: got the new car cheap. cheap at twice the price Extremely inexpensive. on the cheap By inexpensive means; cheaply: traveled to Europe on the cheap.