In Chile, it is estimated that the energy demand will continue to increase if substantial energy efficiency measures in housing are not taken. These measures are generally associated with technical and mainly economic difficulties. This paper aims to show the technical and economic feasibility of achieving Passivhaus standard house in Chile, considering the budget of the maximum state subsidy currently available (Chilean Unidad de Fomento (CLF) 2000 ≈ 81,000 USD). The design was simulated in the Passive House Planning Package software to determine if the house could be certified with the selected standard. At the same time, the value of all the items was quantified in order not to exceed the stipulated maximum budget for a house considered as affordable. It was shown that in terms of design it is possible to implement the Passivhaus standard given the current housing subsidy. The designed housing ensures a reduction of 85% in heating demand and a 60% reduction in CO2 emissions during the operation, compared to an average typical Chilean house.