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The phrase "a low cost" is grammatically correct and can be used in written English.
It is typically used to describe something that is inexpensive or has a low price. Example: "The new company offers a low cost option for their product, making it accessible to a wider range of customers."
Exact(32)
They know I'm not a low cost firm.
How do they know I'm not a low cost firm?
Hilonga has invented a low cost, sand-based water filter.
The result is an interesting ceiling at a low cost.
Described as a low cost entry point to data consumption.
It is a "low cost" belief, she explains.
Similar(28)
You run a low-cost operation...
Transparency becomes a low-cost strategic advantage.
YESTERDAY -- A low-cost city labor force.
TODAY -- A low-cost city labor force.
MONDAY -- A low-cost city labor force.
More suggestions(25)
areas with a low cost
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a low cost flat
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a low cost path
a low cost stock
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a nice low cost
a low cost transportation
by a low cost
example of a low cost
gain the maximum profits a lowest cost
in a low cost motel
a low price
a weak cost
a poor cost
a small cost
a modest cost
a lowest cost
a low prices
a lower cost
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com