Structural damage detection using inclinometers is getting wide attention from researchers. However, the high price of inclinometers limits this system to unique structures with a relatively high structural health monitoring (SHM) budget. This paper presents a novel low-cost inclinometer, the low-cost adaptable reliable angle-meter (LARA), which combines five gyroscopes and five accelerometers to measure inclination. LARA incorporates Internet of Things (IoT)-based microcontroller technology enabling wireless data streaming and free commercial software for data acquisition. This paper investigates the accuracy, resolution, Allan variance and standard deviation of LARA produced with a different number of combined circuits, including an accelerometer and a gyroscope. To validate the accuracy and resolution of the developed device, its results are compared with those obtained by numerical slope calculations and a commercial inclinometer (HI-INC) in laboratory conditions. The results of a load test experiment on a simple beam model show the high accuracy of LARA (0.003 degrees). The affordability and high accuracy of LARA make it applicable for structural damage detection on bridges using inclinometers.