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The phrase "a low-cost" is grammatically correct and can be used in written English.
You can use it when describing something that is offered at a price that is below the average market price. For example: "The store offers a low-cost alternative to expensive home decor."
Exact(60)
You run a low-cost operation...
The Internet is a low-cost communications technology.
This season it will get a low-cost carrier, too.
"SolarCity is known for being a low-cost, fast installer.
Under Microsoft's hegemony, hardware became a low-cost commodity.
Alternatively, you could hire a low-cost will writing service.
Accommodation Looking for a low-cost island hideaway?
It's also fine-tuning a low-cost UK subscription price.
Amazon introduces a low-cost data storage service.
"We're a low-cost airline," he added dryly.
Sometimes India ships a low-cost dance troupe to China.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com