Rum is quickly becoming a hugely respected spirit category all over the world. With a resurgence of historic distilleries in the Caribbean and Central America, as well as a new crop of craft distillers in the United States, the sugar cane spirit is back. Lucky for most of us, it's still a relatively affordable category, so this list of the best rum under $40 is able to be fairly comprehensive.

We've included a variety of brands, from Jamaican mainstays like Appleton Estate to brand-new American rums like Montanya (distilled in Colorado) and Owney's (made in Brooklyn, New York). It's a truly global product, with each region, country, and city putting its own local spin on the recipe.