Best Condensing Tankless Water Heaters

Last updated: October 31, 2026

High-efficiency gas heaters that recover heat from the exhaust and vent through PVC.

Prices were last checked October 31, 2026 and are subject to change; the price and availability shown by the retailer at the time of purchase apply.

Best Condensing Tankless Water Heaters: Gas

  1. Rinnai Sensei RX199i
    #1 of 74.3Full review

    A top choice for a large home that wants one heater for three or more showers at once with the lowest gas bills Rinnai offers.

    Amazon $1,532.79
    $1,532.79
    199,000 BTU/h11 GPM0.98
  2. Rheem RTGH-95DV
    #2 of 74.3Full review

    A well priced condensing whole home heater for buyers who want PVC venting and lower gas bills.

    Amazon $1,411.70 Amazon $1,411.99
    $1,411.70
    199,900 BTU/h9.5 GPM0.93
  3. Rheem IKONIC S11i
    #3 of 74.1Full review

    A premium condensing heater for a large home that wants top efficiency and app control from one unit.

    Amazon $1,847.43 Amazon $1,859.99
    $1,847.43
    199,900 BTU/h11.2 GPM0.96
  4. Rinnai Sensei RX160i
    #4 of 73.8Full review

    A very efficient heater for a two bathroom home that does not need the full 199,000 BTU/h of the RX199i.

    Amazon $1,298.43
    $1,298.43
    160,000 BTU/h9 GPM0.97
  5. A.O. Smith Adapt ATHR-199M
    #5 of 73.8Full review

    A premium whole home heater for buyers who want built in recirculation and top efficiency and can pay for it.

    Amazon $2,346.08
    $2,346.08
    199,000 BTU/h10.5 GPM0.95
  6. ThermoMate RTC68iN
    #6 of 73.4Full review

    A budget condensing heater for natural gas homes that want PVC venting and lower gas bills, if you can live with an unclear warranty.

    ThermoMate $1,099.99
    $1,099.99
    163,000 BTU/h9.4 GPM0.91
  7. Noritz NRC661-DV
    #7 of 72.5Full review

    A compact condensing heater for a smaller home that wants PVC venting, though bigger rivals cost little more.

    Amazon $1,280.09 Amazon $1,470.40
    $1,280.09
    120,000 BTU/h6.6 GPM0.89