Monitoring horizontal displacements, such as landslides and tectonic movements, holds great importance and high-cost geodetic GNSS equipment stands as a crucial tool for the precise determination of these displacements. As the utilization of low-cost GNSS systems continues to rise, there is a burgeoning interest in evaluating their efficacy in measuring such displacements. This evaluation is particularly vital as it explores the potential of these systems as alternatives to high-cost geodetic GNSS systems in similar applications, thereby contributing to their widespread adoption. In this study, we delve into the assessment of the potential of the dual-frequency U-Blox Zed-F9P GNSS system in conjunction with a calibrated survey antenna (AS-ANT2BCAL) for determining horizontal displacements. To simulate real-world scenarios, the Zeiss BRT 006 basis-reduktionstachymeter was employed as a simulation device, enabling the creation of horizontal displacements across nine different magnitudes, ranging from 2 mm to 50 mm in increments of 2, 4, 6, 8, 10, 20, 30, 40, and 50 mm. The accuracies of these simulated displacements were tested through low-cost GNSS observations conducted over a 24 h period in open-sky conditions. Additionally, variations in observation intervals, including 3, 6, 8, and 12 h intervals, were investigated, alongside the utilization of the relative positioning method. Throughout the testing phase, GNSS data were processed using the GAMIT/GLOBK GNSS (v10.7) software, renowned for its accuracy and reliability in geodetic applications. The insightful findings gleaned from these extensive tests shed light on the system’s capabilities, revealing crucial information regarding its minimum detectable displacements. Specifically, the results indicate that the minimum detectable displacements with the 3-sigma rule stand at 22.8 mm, 11.7 mm, 8.7 mm, and 4.8 mm for 3 h, 6 h, 8 h, and 12 h GNSS observations, respectively. Such findings are instrumental in comprehending the system’s performance under varying conditions, thereby informing decision-making processes and facilitating the adoption of suitable GNSS solutions for horizontal displacement monitoring tasks.