diff --git a/litellm/router.py b/litellm/router.py
index 4353da804b..25ebf818ef 100644
--- a/litellm/router.py
+++ b/litellm/router.py
@@ -21,6 +21,7 @@ from collections import defaultdict
 from litellm.router_strategy.least_busy import LeastBusyLoggingHandler
 from litellm.router_strategy.lowest_tpm_rpm import LowestTPMLoggingHandler
 from litellm.router_strategy.lowest_latency import LowestLatencyLoggingHandler
+from litellm.router_strategy.lowest_cost import LowestCostLoggingHandler
 from litellm.router_strategy.lowest_tpm_rpm_v2 import LowestTPMLoggingHandler_v2
 from litellm.llms.custom_httpx.azure_dall_e_2 import (
     CustomHTTPTransport,
@@ -127,7 +128,7 @@ class Router:
             retry_after (int): Minimum time to wait before retrying a failed request. Defaults to 0.
             allowed_fails (Optional[int]): Number of allowed fails before adding to cooldown. Defaults to None.
             cooldown_time (float): Time to cooldown a deployment after failure in seconds. Defaults to 1.
-            routing_strategy (Literal["simple-shuffle", "least-busy", "usage-based-routing", "latency-based-routing"]): Routing strategy. Defaults to "simple-shuffle".
+            routing_strategy (Literal["simple-shuffle", "least-busy", "usage-based-routing", "latency-based-routing", "cost-based-routing"]): Routing strategy. Defaults to "simple-shuffle".
             routing_strategy_args (dict): Additional args for latency-based routing. Defaults to {}.
 
         Returns:
@@ -347,6 +348,14 @@ class Router:
             )
             if isinstance(litellm.callbacks, list):
                 litellm.callbacks.append(self.lowestlatency_logger)  # type: ignore
+        elif routing_strategy == "cost-based-routing":
+            self.lowestcost_logger = LowestCostLoggingHandler(
+                router_cache=self.cache,
+                model_list=self.model_list,
+                routing_args={},
+            )
+            if isinstance(litellm.callbacks, list):
+                litellm.callbacks.append(self.lowestcost_logger)  # type: ignore
 
     def print_deployment(self, deployment: dict):
         """
@@ -3174,6 +3183,15 @@ class Router:
                 messages=messages,
                 input=input,
             )
+        elif (
+            self.routing_strategy == "cost-based-routing"
+            and self.lowestcost_logger is not None
+        ):
+            deployment = self.lowestcost_logger.get_available_deployments(
+                model_group=model,
+                healthy_deployments=healthy_deployments,
+                request_kwargs=request_kwargs,
+            )
         if deployment is None:
             verbose_router_logger.info(
                 f"get_available_deployment for model: {model}, No deployment available"