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The phrase "a much lower rate" is correct and usable in written English.
It can be used when comparing costs, prices, or rates that are significantly less than another.
Example: "The new supplier offers a much lower rate for bulk orders compared to our current vendor."
Alternatives: "a significantly reduced rate" or "a considerably lower price."
Exact(60)
After them, it's a much lower rate of education, and our K-12 population is shrinking.
Infected cattle are still being identified, though at a much lower rate.
Most other countries impose a much lower rate than the US on repatriated earnings.
In other words, they are subject to a much lower rate than ordinary income.
We're still going to need prisons, but at a much lower rate".
They may convert taxable income into capital gains, which are taxed at a much lower rate.
So investment income is taxed at a much lower rate than regular income.
The GOP has pursued a much lower rate, proposing on Thursday a 20percentt rate.
Some enforcement activities continued but at a much lower rate than in previous years.
VirMAP exhibits this behavior as well, albeit at a much lower rate.
And get people to take your calls there at a much lower rate.
More suggestions(17)
a far lower rate
a much lower frequency
a much reduced rate
a much lower incidence
a much lower level
a much lower pace
a much lower speed
a much lower prevalence
a much lower percentage
a much lower tempo
a much lower proportion
a much lower price
a much lower rating
a much lower velocity
a much lower ratio
a much lower extent
a much greater rate
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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