Everyone loves a great pair of elegant footwear, yet it often comes at a price. Sometimes you don’t want something super luxurious, and you’d much rather prefer an option that can get the job done for cheap.

Loafers are some of the most versatile and stylish shoes that a man can add to his wardrobe. There are countless different variations out there to choose from, and many are offered at very affordable prices.

When looking for the best cheap loafers for men, you want the highest value possible. What’s considered “cheap” is relative to the buyer and their circumstances. With that in mind, I’ve considered any loafer under $100 to be a cheap alternative for this list.

This list offers a wide variety of pricing options and different styles to choose from. Whether you want a pair of casual loafers to run errands or a formal pair for the office, we’ve got you covered. So, let’s take a look at 7 of the best cheap loafers for men to slip on this year.

Key Takeaways

To gather this list of the best cheap loafers for men, I scoured the market (and my closet) to find the highest quality options possible. I also took several factors into consideration like material, comfort, and style to land on these 7 selections. With that in mind, the Men’s Tilden Free from Clarks is one of the best affordable loafers for men to buy right now. The Casual Slip-On Loafers from Bruno Marc are another very comfortable option for everyday affairs.

Why they’re great: The Clarks Tilden Free Loafers are a versatile pair of shoes that are made with 100% leather. The thermoplastic rubber outsoles help to provide plenty of traction for different types of terrain. These shoes also feature Ortholite insoles, which offer substantial padding and moisture-wicking abilities.

Who are these for? These cheap loafers are for any man who wants a versatile and high-quality option at a fair price. This shoe can also be worn with both casual and formal outfits.

Flaws but not deal-breakers: The biggest downside of these shoes is that they run a bit large, so sizing could be difficult if you fall in between sizes.

Material: 100% Leather | Outsole Material: Thermoplastic Rubber | Sizes Available: 7 Wide – 15 Wide | Colors Available: 7 | Style: Classic/Dress

Why they’re great: These Bruno Marc Men’s Penny Loafers balance elements of both classic and modern designs. They feature a distinct moc toe front while incorporating modern horse-bit detailing across the vamp. The outsole also features a moderate level of tread that should be suitable for most situations.

Who are these for? This is an inexpensive yet quality pair of shoes for the price. This style would work best with casual outfits.

Flaws but not deal-breakers: These affordable loafers for men tend to run narrow, especially in the toe-box area. If you have wide feet, then it might be a good idea to try ordering a size up.

Material: 100% PU Leather | Outsole Material: Polyurethane (PU) | Sizes Available: 6.5–15 | Colors Available: 7 | Style: Penny/Horse-bit/Moc Toe

Why they’re great: These Cole Haan Men’s Hawthorne Penny Loafers fall at the higher end of the budget footwear market. The upper features classic penny loafer detailing that’s made with real leather. This shoe also features a hybrid outsole, combining both leather and rubber for excellent traction.

Who are these for? This is an excellent pair of budget loafers that still incorporate high-quality materials. They feature a classic, dress shoe silhouette that should fit right in at the office or any formal event.

Flaws but not deal-breakers: I know what you’re thinking: how can an article on cheap loafers have a luxury pick? It’s all about value here. They are pricier than my other picks, but you’re really getting your bang for your buck.

Material: Leather | Outsole Material: Synthetic | Sizes Available: 7–13 | Colors Available: 4 | Style: Penny

Why they’re great: The Go Tour Men’s Penny Loafers emulate that familiar driving shoe design. They’re made with genuine calfskin suede uppers and studded rubber outsoles for added traction. These shoes are also very lightweight and flexible—making them a great warm-weather option.

Who are these for? This is an excellent pair of comfortable and casual loafers. They also come in several elegant colorways to fit with most style preferences.

Flaws but not deal-breakers: The sizing on these cheap loafers seems to be hit or miss. If you really hate returning online purchases, then these may not be for you.

Material: Suede Leather | Outsole Material: Rubber | Sizes Available: 6.5–14 | Colors Available: 13 | Style: Driver/Moccasin

Why they’re great: These Rockport Men’s Classic Penny Loafers utilize innovative technology to maximize comfort. Most prominently, these shoes feature proprietary truTECH insoles that provide shock absorption and extra cushioning in the heel. These insoles are also removable if you have a pair that you would prefer to use.

Who are these for? This is an excellent pair of cheap men’s loafers that heavily prioritize comfort, making them great for everyday wear.

Flaws but not deal-breakers: The leather upper is a bit thin and, therefore, fairly delicate. However, this should be expected for a pair of leather shoes within this price range.

Material: 100% Leather | Outsole Material: Rubber | Sizes Available: 6.5 Wide – 16 Wide | Colors Available: 6 | Style: Penny

Why they’re great: The cotton linen uppers on these Bruno Marc Casual Slip-On Loafers are extremely soft, not to mention breathable. Each EVA insole features a thin cork layer that forms to the foot and minimizes moisture. The flexible EVA outsoles are also very supportive and springy for those who walk a lot.

Who are these for? These affordable loafers for men are lightweight, comfortable, and versatile for all of your travel needs.

Flaws but not deal-breakers: The only downside of these affordable loafers for men is that the knit upper doesn’t offer much protection from water. They might not be the best choice for rainy and wet environments.

Material: 85% Cotton Linen, 15% Vegan Leather | Outsole Material: Ethylene Vinyl Acetate | Sizes Available: 6.5 – 15 | Colors Available: 7 | Style: Moc Toe

Why they’re great: These Journey West Men’s Vintage Loafers can offer a level of sophistication to just about any outfit. They feature a sleek Venetian silhouette, topped with a decorative bow tie on each vamp. They also include full rubber outsoles for added slip resistance and durability.

Who are these for? These are an excellent pair of sleek, elegant, yet affordable loafers for men who want something unique. Not to mention, there are over a dozen different colors to choose from.

Flaws but not deal-breakers: Unfortunately, these cheap loafers don’t offer very good arch support. You might want to pick up additional supportive insoles for a more comfortable experience.

Material: Suede Leather | Outsole Material: Rubber | Sizes Available: 7–13 | Colors Available: 15 | Style: Tassel/Venetian

Buying Considerations For The Best Cheap Loafers for Men

Material

Material is an important component to consider in any pair of footwear, let alone cheap options. When it comes to inexpensive loafers, it’s best to aim for a pair made with genuine leather. Shoes made with real leather will almost always be higher quality than most other alternatives—regardless if it’s smooth leather or suede.

That being said, faux leather loafers are also very common in this price range and can vary greatly in quality. There are certainly some good options out there, but it takes a bit of digging and research to find them.

Comfort

Comfort also plays a huge factor in any piece of footwear that you’re looking to buy. A supportive insole is typically the bare minimum in terms of comfort. EVA insoles are extremely comfortable and supportive, making them one of the best options to choose from.

Different levels of cushioning can make a substantial difference when you’re on your feet all day. Finally, the outsole is also very important. Ideally, you want a durable rubber outsole for shock absorption and traction.

Style

There are several different loafer styles out there to choose from. The most common style is the classic Penny Loafer, featuring distinctive leather detailing on the vamp. That being said, there are also horse-bit loafers with a signature metal buckle on each shoe. Venetian loafers are streamlined and slipper-like. Lastly, you have moc toe loafers, which feature a distinctive seam and stitching around each toe-box.

How We Chose

There are plenty of shoe brands that aim to make great products, especially in the budget market. However, it’s very tricky to make a high-quality piece of footwear at an affordable price point. With that in mind, we’ve done a lot of the legwork to build this list of the best cheap loafers for men to buy this year. Each of these options was evaluated according to the criteria below.

Brand Reputation: We focused on brands with a strong track record of quality and customer satisfaction. Companies that offer excellent customer service and hassle-free return policies were prioritized to ensure a smooth shopping experience.

Material Quality: Even at lower price points, the quality of materials used in loafers is crucial. We selected products made from durable, comfortable materials that promise longevity without compromising on style.

Customer Reviews: We sifted through hundreds of customer reviews, choosing loafers that consistently receive high ratings. Products that customers love and recommend were given top consideration, as real-world feedback is invaluable.

Affordability: Recognizing the importance of budget-friendly options, we chose loafers that offer excellent value for money. Each pair had to meet our standards for quality while remaining accessible for a wide range of budgets.

Why Trust Us?

Ryan Jamison is a seasoned writer at FashionBeans, with extensive experience in men’s grooming and fashion. He has a keen eye for style and a deep understanding of the trends that shape men’s fashion today. Ryan has previously covered a range of topics from travel clothes to shaving creams. His thorough research and attention to detail ensure that every recommendation is based on quality, affordability, and style.

In this article, Ryan meticulously evaluates numerous loafers, considering factors such as comfort, durability, and aesthetics. By analyzing customer reviews, consulting with footwear experts, and personally testing various pairs, Ryan provides well-rounded and trustworthy advice on the best cheap loafers for men.

His commitment to providing reliable, stylish, and practical recommendations makes him a trusted voice in men’s fashion.

Final Verdict

In short, Clarks is a brand with years of history and experience backing it, which is why the Men’s Tilden Free slip-ons are some of the best cheap men’s loafers. The crowning feature of this shoe is the comfortable insole that offers all-day support. Bruno Marc is another brand well-known for affordable footwear, making these Casual Slip-On Loafers a perfect option for everyday wear.