Who said electric cars are too expensive? With several electric vehicles going on sale this October with lease options available for under $200 a month, the prices prove otherwise. Here are some of the best electric car rental deals this month.

Despite talk of a slowdown in U.S. electric vehicle sales, most automakers just had a record third quarter. General Motors, Kia, Honda and several others set electric vehicle sales records in the third quarter with the release of new models.

According to Coke AutomotiveU.S. electric vehicle sales rose another 8% in the third quarter, reaching 9% of the total auto market.

One of the biggest drivers of growth is the sharp increase in incentives, especially for leasing. Rentals accounted for 39.4% of retail electric vehicle sales in June, nearly double the industry average of 20.7%.

Since most automakers provide a $7,500 IRA tax credit, many electric models cost about the same or even less than their gas-powered equivalent.

In addition to lease credits, conquest offers and loyalty discounts, some electric vehicles are available with savings of nearly $20,000.

Despite the higher prices, huge incentives make it cheaper to rent an electric car.

Electric cars for rent under $200 per month in October

With several models available for under $200 a month, including Hyundai, Nissan, and Kia electric vehicles, October may be the perfect time to go electric. Here are some of the best electric vehicle lease deals this month (you can find deals in your area below).

The Nissan LEAF continues to be one of the most affordable electric vehicles on the market, even without discounts.

According to online car research company CarsDirectThe 2024 Nissan LEAF S 40kWh is on sale for just $109 for 36 months. Deal includes $2,529 due at signing with actual cost of $179 per month. In other parts of the US, LEAF remains available for just $179 per month with $4,379 upfront.

The Nissan Ariya electric SUV is incredibly affordable to rent in many parts of the country. Despite an MSRP of around $40,000, the 2024 Nissan Ariya Engage can be leased for just $99 for 36 months, with $3,329 due at signing.

The deal includes a $5,000 Colorado Innovative Motor Vehicle Credit, a $10,000 bonus and a $1,000 loyalty bonus.

The Kia Niro EV is another popular EV lease option this month. You can lease a 2024 Kia ​​Niro Wind EV for $169 for 24 months. Based on $3,999 due at signing, monthly effective rate is $336.

The Kia EV6 also made the list, with lease prices starting at $179 per month. The 2024 Kia ​​EV6 Light Long Range RWD is available for $179 for 24 months. Based on $3,999 due at signing, monthly effective rate is $346. In other parts of the country, the EV6 costs $249 per month.

VinFast offers the VF 8 for $199 for 36 months. With just $894 due at lease signing, your effective monthly rate is $224 based on the VF 8 Eco’s $47,200 price. The deal is available nationwide until October 31st.

At under $200 a month, the Hyundai IONIQ 5 is one of the best EV lease deals in October. The 2024 Hyundai IONIQ 5 RWD SEL is offered for just $199 for 24 months, despite a suggested retail price of $48,795. Based on $3,999 due at signing, effective rate is $366 per month.

Hyundai has launched a new “ultra-fast” lease offer for the 2024 IONIQ 5. The 13 month lease option allows you to upgrade it like an iPhone. To sweeten the deal, no upfront payment will be required.

With the 2025 Chevy Equinox EV arriving at dealerships nationwide, GM is offering a great deal on the 2024 model year.

With the new $1,500 cash premium, the 2024 Chevy Equinox EV FWD 2LT will cost just $299 for 24 months. With $3,169 due at signing, your effective monthly cost is $431. GM says the Chevy Equinox EV is “the most affordable electric vehicle in the U.S. with more than 315 miles of range.”

Other EV lease deals to consider this month include the Toyota bZ4X (from $239 per month), Honda Prologue ($259 per month), Subaru Solterra ($329 per month) and Kia’s three-row EV9 ($349 per month) month).

Ready to take advantage of the savings? The offers won’t last long, with many ending at the end of the month. You can use our links below to view offers in your area.