The price of a parakeet usually ranges from £15 to £100 depending on species, age, and colour, with common budgerigars typically costing between £15 and £30, and more exotic breeds commanding higher prices. Initial costs also include supplies such as a cage and toys, which can add £200 to £500. Monthly expenses for food, healthcare, and enrichment average £70 to £160. Overall, selecting a reputable breeder or pet store ensures you get a healthy bird and responsible ownership support.