For retirees seeking a fulfilling lifestyle without draining their savings, Europe offers a wealth of lesser-known but highly livable destinations. Even for those with bigger budgets, there is no reason to spend more than necessary. Here are five more affordable retirement hotspots that have all the charm of the best Europe has to offer at a reasonable price.

1. Alicante, Spain

Average Rent: $700/month for a one-bedroom in the city

Average Monthly Expenses: $1,400 (including rent)

Why Retire Here:
Alicante offers retirees over 300 days of sunshine, a relaxed coastal lifestyle, and access to Spain's excellent public healthcare system. The city is walkable, with Mediterranean beaches, fresh seafood, and charming old neighborhoods like Santa Cruz. Spanish residency is relatively accessible for retirees through the non-lucrative visa.

Drawbacks:
While English is commonly spoken in tourist zones, integration can be challenging without learning Spanish. Summers can be hot and crowded with tourists.

2. Brno, Czech Republic (Czechia)

Average Rent: $600/month for a one-bedroom

Average Monthly Expenses: $1,200 (including rent)

Why Retire Here:
Brno, the second-largest city in the Czechia (fka. Czech Republic), is quieter and less expensive than Prague but full of charm, history, and green spaces. The healthcare system is high-quality and affordable, and public transport is excellent. Brno is a great base for exploring Central Europe.

Drawbacks:
Winters can be cold and gray. While many younger people speak English, retirees may face a language barrier with older locals. Czech doesn’t exactly flow off the tongue either and is useless outside of Czechia.

3. Porto, Portugal

Average Rent: $800/month for a one-bedroom

Average Monthly Expenses: $1,500 (including rent)

Why Retire Here:
Porto is a UNESCO-listed gem known for its river views, wine culture, and welcoming locals. Portugal offers tax incentives for foreign retirees and has one of the lowest costs of living in Western Europe. The public and private healthcare systems are well-regarded.

Drawbacks:
The city is hilly and may be a challenge for those with mobility issues. Housing prices are rising due to increased popularity with expats.

4. Split, Croatia

Average Rent: $650/month for a one-bedroom

Average Monthly Expenses: $1,300 (including rent)

Why Retire Here:
Split blends a relaxed Dalmatian Coast lifestyle with Roman ruins, seaside promenades, and affordable seafood. Croatia's healthcare system is reliable, and residency permits are obtainable, especially for non-EU retirees.

Drawbacks:
Winters can be damp and quiet, as Split has a seasonal economy. Bureaucracy can be frustrating when dealing with residency paperwork or healthcare enrollment.

5. Corfu, Greece

Average Rent: $500–$700/month for a one-bedroom

Average Monthly Expenses: $1,200–$1,400 (including rent)

Why Retire Here:
Corfu offers a laid-back Greek island lifestyle with olive groves, turquoise water, and historic villages. Living costs are low, and the Greek healthcare system includes good private options at reasonable prices. Retirees can apply for a residency permit with proof of income and health insurance.

Drawbacks:
Limited public transport and island infrastructure may be a challenge. Medical care for serious conditions often requires a trip to the mainland.

Final Thoughts

Each of these destinations offers a blend of affordability, culture, and lifestyle that makes them worthy of consideration for retirement. Whether you crave the sun-drenched coast of Spain, the historic calm of Central Europe, or the island rhythms of Greece, you don’t have to spend a fortune to live well. Just do your research, consider visa and residency rules, and—most importantly—visit before making the move. Don’t BUY any real estate until you are there at least a year.