The average cost for a great durable patio umbrella is around $150.00-$300.00 for one that has a long life span. We do have plenty of lower-cost patio umbrellas including the Patiorama for $40.00, it does depend on which type of features you are wanting as well as the more features the higher the cost. With the size, waterproof materials, use to keep you from the sun you do need to spend a bit more for a good patio umbrella.