Hyundai Ioniq 5 Lease Deals for May Simply Cannot be Missed

The 2026 Hyundai Ioniq 5 in a Nutshell

It's been a couple of years since the Hyundai Ioniq 5 made its world premiere, but it still looks as striking as it did today. It was the South Korean automaker's first EV under the new philosophy, and we like the direction it's going so far. Inspired by the Pony, Hyundai's first-ever car, it was one heck of a way to usher in the brand's new electric era.

The Ioniq 5 was refreshed for 2024 for the 2025 model year. It brought with it a greater battery capacity, improvements in charging, interior and exterior tweaks, and that all-important rear wiper. As it's fresh off a facelift, there isn't much to report in terms of changes for 2026.

2026 Hyundai Ioniq 5 Lease Deals for May

In typical Hyundai fashion, all trims of the Ioniq 5 are available on lease. The due-at-signing price also remains uniform regardless of variant at $3,999, and all offers are for 36 months. However, May rates are pricier than last month's prices, but still affordable nonetheless. Kicking things off is the SE Standard Range at $259 per month, followed by the SE RWD at $268 per month. Go for the SE AWD and it's $330 per month. The mid-spec SEL is $309 and $379 per month for RWD and AWD models, respectively.

Moving to the special XRT, which can be leased for $419 per month. At the top are the Limited models, priced at $399 for RWD and $469 for AWD. Additional savings are courtesy of the military program, worth $500, as well as the college grad program, worth $400. Mileage is limited to 10,000 miles per year, and it's $0.20 per mile over that limit. These offers are valid until June 1, 2026.

2026 Hyundai Ioniq 5 Highlights

There are four main trims for the 2026 Hyundai Ioniq 5 with prices ranging from $35,000 to $46,275. These models are the SE, SEL, Limited, and the off-road oriented XRT. All but the XRT are rear-wheel drive with optional all-wheel drive. The XRT is all-wheel drive only. There's also the awesome Ioniq 5 N, which is possibly one of the best performance EVs out there at the moment.

For 2026, a level 1/level 2 changing cable comes with the car, as opposed to just level 1 last year. Sage Silver Metallic has also been added to the color options, while Ultimate Red and Cosmic Blue Pearl interior colors, once exclusive to the XRT, are now available for all models. As for standard equipment, all Ioniq 5s come with advanced driver assists, front seat heaters, wireless Apple CarPlay and Android Auto, Bluelink +, and digital key.

The rear-drive-only SE Standard Range uses a 68-kWh battery, and its single motor produces 168 hp and 258 lb-ft of torque. The rest of the range uses a larger 84kWh pack, with rear-drive models making 225 hp and 258-lb-ft. All-wheel-drive models add a second motor, bumping power to 320 hp and 446 lb-ft.

Final Thoughts

For less than $300 per month, one can lease the Ioniq 5 with a larger battery pack, which should quell any range anxiety. But, either way, this EV's battery consumption is commendable. The rear-drive models offer the best range, while the all-wheel-drive versions are punchy. As a whole, it's spacious, generously equipped, practical, and surprisingly capable around the bends. It's possibly one of the best daily EVs out on the market right now, and it doesn't even break the bank.

Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle.

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This story was originally published May 28, 2026 at 10:30 AM.