Cheap at Half the Price is a 1983 solo album by English guitarist, composer and improviser Fred Frith. It was Frith's fifth solo album, and was originally released in the United States on LP record on the Residents' Ralph record label. It was the third of three solo albums Frith made for the label.

Cheap at Half the Price was recorded by Frith at his home in New York City on a 4-track machine. He played all the instruments himself, with the exception of bass guitar on two tracks, and drums, for which he used tapes and samples previously recorded by other drummers. The record differed from Frith's previous experimental albums in that it consisted largely of pop-like songs, and he sang for the first time.

The LP's release in 1983 caused a stir in progressive circles because of its "apparent simplicity" and its departure from the experimental music Frith had become known for. But a remastered version of the album released on CD in 2004 was better received by critics, who admitted that they had overlooked what Frith had been doing at the time.