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Discover LudwigThe phrase 'it's cheaper' is correct and usable in written English.
You can use it when you are comparing two prices of the same item or when you are making a comparison between two items of different prices. For example: "This computer is it's cheaper than the one I was looking at last week."
Exact(60)
It's cheaper, bigger and nearer to uni.
And it's cheaper.
("It's cheaper than cheese").
It's cheaper, too.
"It's cheaper than Broadway".
Sometimes it's cheaper, though.
Certainly, it's cheaper".
It's cheaper than registered.
It's cheaper this way".
"It's cheaper," she said.
It's cheaper than fake tan.
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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