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A growing number of companies have started commercializing low-cost sensors (LCS) that are said to be able to monitor air pollution in outdoor air. The benefit of the use of LCS is the increased spatial coverage when monitoring air quality in cities and remote locations. Today, there are hundreds of LCS commercially available on the market with costs ranging from several hundred to several thousand euro. At the same time, the scientific literature currently reports independent evaluation of the performance of LCS against reference measurements for about 110 LCS. These studies report that LCS are unstable and often affected by atmospheric conditions—cross-sensitivities from interfering compounds that may change LCS performance depending on site location. In this work, quantitative data regarding the performance of LCS against reference measurement are presented. This information was gathered from published reports and relevant testing laboratories. Other information was drawn from peer-reviewed journals that tested different types of LCS in research studies. Relevant metrics about the comparison of LCS systems against reference systems highlighted the most cost-effective LCS that could be used to monitor air quality pollutants with a good level of agreement represented by a coefficient of determination R2 > 0.75 and slope close to 1.0. This review highlights the possibility to have versatile LCS able to operate with multiple pollutants and preferably with transparent LCS data treatment.