Best Electric Bikes Under $500 | 2021 Cheap Ebikes

This article on the best electric bikes under $500 is for those who are looking to save on gas. Or, maybe you want an ebike for fun, style, or maybe because you love driving. The reason could be anything.

Who doesn’t want to commute with comfort, style, and ease in place? Now, think you are getting a bike just under $500 and that too an e-bike. As we know that these days getting an ebike at this cheap rate is not easy at all. If you go to a shop, you will find ebikes mostly in the high-price range.

But, some brands are helping those who are running short on their budget. As I said it is not easy to find the best electric bikes under $500 with all the basic features in place.

But still, I have done the hard work for you and bring you the 5 bestselling electric bikes under $500. I have compiled these ebikes based on features these brands are providing in the price range of $500.

Please note that prices may fluctuate and may back and forth. During the course of our research, we have found that the price of one of the ebikes went a little higher (around $20) than $500 and then came back at the normal price the other day.

What are the basic features of a $500 electric bike?

Do not forget to check my personal best towards the end of the article after considering all these factors and the $500 ebike price point

To help you out get the best $500 budget electric bike, I have listed down some of the factors you must consider before buying an electric bike at a cheap price. So, here are they.

  1. Motor: A heavy motor means better performance. An electric bike is all about mechanics and power. A strong motor means a strong ebike. You will find mainly two motor variants in the $500 price range; 250W and 350W. So, keep this in mind before you buy.
  2. Battery: Battery is another important factor you must consider. The more powerful is the battery the better the mileage. At this price range, you will find batteries in the range of 36V to 48V.
  3. Charge time: People like an electric bike that has less charge time. The more charge time, the more annoying one can find. An ebike with a full recharge time in between 3 to 5 hours is the best electric bike under $500.
  4. Total Weight: The lighter your ebike, the easier it is for you to carry. Portability is another factor you must look at when you are buying an ebike.
  5. Max speed: Maximum speed of the bikes is a must look factor as the e-bikes are known to have limited speed. The more max speed the sooner you can reach your destination. Also, an important factor to comply with local ebike classes law.
  6. Pedal-assisted: This factor can make a difference. If you are getting a pedal-assist at the $500 price point, then it is great buy. But, it is just a personal choice if you want to have it or not. But it doesn’t mean if pedal assist is not there, the ebike is a waste.

Do not worry, I have built a feature comparison table for you towards the end of the article. The table will guide you to select the best ebike under $500.

I will be more than happy if I could help you get the best ebike and save you some money. So, let’s get started with the list.

5 top-rated best electric bikes under $500 (Folding ebikes)

1. ANCHEER 500W Electric Bike Electric Bicycle: Full review

best electric bike under $500 by ancheer

According to our research, we found the Ancheer ebike to place on the top of the list. And, the reasons why it is on top of our list are:

  • At the price range of $500, they have a powerful 500W brushless motor. That is the biggest plus point. You will rarely find any ebike at this price providing a 500W powerful motor
  • Pedal assistance is another positive point that grabbed our attention. I have seen some ebike brands charging you higher for pedal assitance but they compormise with the power of motor. That we have not found in this case.
  • This bike has also top the list of best electric bikes in $500 in terms of max speed upto 20MPH. In this budget price other brands hava a max speed in the range of 12 to 19 MPH. That is not in the case of this ebike.
  • Cruise Control option is also in this ebike to get the certain speed.
  • The price is also decent and it fits best as the best ebike in the range of $500. But keep in mind, the prices flactuates and sometime it may cost you little extra (around $20). But, if you find below this, you got a great deal.

Product specification:

FeatureValue
BrandANCHEER
Motor500W
Battery48V 7.5Ah
(Lithium Battery)
Max
Speed
20MPH
Charging timeNA
Pedal
assisted
Yes
Weight (lbs)39.7
Wheel (inch)14
Mileage20 Mile
Adjustable SeatNA

Pros:

  • 500W super powerful motor
  • 20 Mile mileage
  • A great 20MPH max speed

Cons:

  • Comparatively a heavy bike

Our rating:

2. Sailnovo 14” Electric Bike (Full review)

Electric Bicycle, Sailnovo 14'' Electric Bike

The ebike by Sailnovo comes second on the list. It was very difficult to decide which one to place first, Sailnovo or Ancheer 500W e-bike. This too deserves the first place w.r.t number of features they are offering at this price point. Let us have a look at why this is on the list of best ebikes under $500.

  • The first thing that grabbed our attention is the price and this ebike’s price does not fluctuate much. And, most of the time you find the price under $500. At the time of writing this article, it is priced at $478.
  • At this minimal price, it has a very strong motor of 350W. Another plus point if you compare it with other ebikes having only having 250W motor in the price range of $400 to $500.
  • With a great mileage of 18.6 MPH, the ebike by Sailnovo had impressed us to put it in the second place on the list of $500 best ebikes.
  • With a wonderful speed comes a wonderful ride. And, this ebike is offering a mindblowing speed of 18.6 MPH at this price. The average speed for this price point is around 15MPH but this ebike had worked a little extra on speed.
  • Last but not the least, this ebike has an option to adjust your seat as per your height. This is a very big plus point if someone is purchasing it for the family, kids, and adults.

Product specification:

FeatureValue
BrandSailnovo
Motor350W
Battery36V 10.4Ah
(Lithium Battery)
Max
Speed
18.6MPH
Charging time6hrs
Pedal
assisted
Yes
Weight
(lbs)
55
Wheel
(inch)
14
Mileage18.6M
Adjustable Seat Yes

Pros:

  • 350W powerful motor
  • 18.6 MPH max speed
  • Adjustable seat

Cons:

  • Comparatively a heavy bike
  • Charging time can be improved

Our rating:

3. Elifine 350W Folding Portable Electric Bike: Complete review

Ebike under $500

So, now you are all set to dive into our 3rd list of best budget electric bikes. The bike by Elfine is on the way to give a tight competition with other budget ebikes. They are offering the best features at a budget price. Here are some.

  • A 350W powerful high-performance motor that will super charge your ebike with great performance.
  • They have impressed us with their charging time and it charges at a lightning pace in less than 3 hours. Wow!
  • It also topped the list as a lightweight ebike. The bike weight just 26.46 lbs which we have not seen with other bikes in the category. Lightweight means easy portability. A great deal for old people and kids.
  • Here comes another great deal with this bike and that is its speed. It runs at a mind-blowing max speed of 18.6MPH. What else you can expect from a budget ebike.
  • This ebikes gives you an option to sync your ebike with a Bluetooth Control APP to set your speed, etc.

Product specification:

FeatureValue
BrandElifine
Motor350W
Battery36V 6AH
(Lithium Battery)
Max
Speed
18.6MPH
Charging time<3 hrs
Pedal
assisted
No
Weight
(lbs)
26.46
Wheel
(inch)
11.8
Mileage12.4 Mile

Pros:

  • Charges in less than 3 hours
  • Very lightweight
  • 18.6MPH max speed

Cons:

  • Mileage can be improved
  • Wheel size is comparetively smaller

Our rating:

4. ANCHEER 350W Electric Bike review (Budget friendly)

budget ebike by Ancheer under $500

Here comes the fourth ebike on our list. Another ebike from Ancheer brand (350W variant). And, this bike falls in the $400 range. So, check features keeping in mind the price they are asking. Here is some feature we found great at this very economical price.

  • In $400 range, this is ebike is offering a 350W motor, which other brands are asking a higher price for this. Bingo!
  • Mileage is around 15MPH which another plus point with this budget friendly ebike. If you are getting a mileage anything around 15 or more at this price, it is a great value.
  • Not to forget the max speed it is offering you in $400 price range and that is 15.5 MPH. Another great deal.

Read the below specification keeping the $400 price range. It will be a little unfair if you directly compare with $500 near priced ebikes listed above.

Product specification:

FeatureValue
Brand ANCHEER
Motor350W
Battery48V 6Ah
(Lithium Battery)
Max
Speed
15.5 MPH
Charging timeNA
Pedal
assisted
No
Weight
(lbs)
38.6
Wheel
(inch)
12
Mileage15 Mile

Pros:

  • 350W motor in around $400
  • 15.5MPH max speed

Cons:

  • Did not find any

Our rating:

5. Jetson Electric Bike Bolt Folding Ebike review (Budget friendly)

ELectric bike cheap rate

Here is our last hero in the list of best bikes under $500 by the Jetson brand. “Last” does not mean that this ebike is not good enough to compete. Let me tell you, how this ebike made an entry to our list.

First of all, it is priced lower than $400 (price may vary with time and demand) at the time of writing this article. And, it is least priced ebike in our list.

At this economical price, you are getting a mileage of 15 miles. The is fair enough compared to the money “Jetson brand” is asking you to pay.

  • You are going to drive your ebike at the rate 15.5 MPH and all you are going to pay is just $400.
  • This ebike is comparelyly lightweight with a total body weight of 34 lbs. It a great value to this ebike poratability.
  • Adjustable seat makes an ebike for everyone. And good news is that this electric bike comes with an adjustable seat height.

Read the below specification keeping the $400 price range. It will be a little unfair if you directly compare with $500 near priced ebikes listed above.

Product specification:

FeatureValue
Brand Jetson Ebikes
Motor250W
Battery (Lithium Battery)
Max
Speed
15.5
Charging time5 hrs
Pedal
assisted
No
Weight
(lbs)
34
Wheel
(inch)
NA
Mileage15
Adjustable
seat
Yes

Pros:

  • A lightweight ebike
  • 15 Mile mileage
  • 15.5 max speed

Cons:

  • Comparatively lesser motor power

Our rating:

Ebike under $500 comparison table

This comparison table will help you compare the feature you are getting with respect to the amount you are paying. Please check the recent price from the buttons above.

EbikeMotorMileage
(mile)
Max
Speed
Full
Recharge
Pedal
assisted
Weight
(lbs)
Wheel
(inch)
Adjust
seat
Elfine
Folding Ebike
350W12.418.6mph<3 hrs26.46 11.8
Sailnovo 14”
Electric Bike 
350W18.618.6<6hrs5514
Jetson EBike
Folding
250W1515.55hrs34NA
ANCHEER
500W EBike
500W2020NA39.714NA
ANCHEER
350W EBike
350W1515.5NA38.612NA
Numbers in the table are based on the product description.

How to pick the best electric bike under $500?

Once you have gone through the details of the bikes listed above and also compared these bikes from the comparison table. Now, let us help you even more by selecting the best bikes under $500.

Before buying your ebike, ask yourself your requirements. Knowing your priorities will help you get the best of the best.

  • If you want an ebike for your daily commute, you should be looking at a more efficient motor and battery than thinking much about features like APP support, LCD display, etc.
  • If you are buying it for your family, and if you have kids who also gonna ride, then seat adjustability is what your ebike must-have.
  • If you are looking to buy to commute keeping in mind cardio or fitness, then your ebike must-have pedal assistance.
  • If you gifting to senior citizens, then looking for an ebike with throttle support will be helpful.

Reasons could be endless. Knowing your priorities will not only help you get the best budget ebikes but will also help you with a satisfactory ride.

Your wait is over now.

We have reached our section where I will share my personal best ebikes out of these listed electric bikes for under $500.

My personal best cheap priced ebike

It was very difficult for me to pick the best of the best. It will be unfair if I just go behind the price keeping aside features and vice-versa.

After keeping in my all the features and price point, I have come to this conclusion that “Sailnovo 14” Electric Bike” is best fit.

I have picked this ebike with respect to the features it has and the price this brand is asking at the time of writing this article.

The reasons I have picked this ebike are below:

  • This ebike is priced well under $500 with all the basic features in place. Not asking you a very high price, nor low.
  • I am getting a powerful 350W motor, a mileage of 18.6 Mile, and 18.6MPH all in this price.
  • An ebike well accepted in the market with good ratings and reviews.

As a downside, this ebike is comparatively a little heavier. Other than this I have found it a perfectly priced ebike under $500.

Please note that it is not a paid review and the analysis is purely based on my research. You should always consider your needs before picking up your ebike.

Pro Tip: Before buying please check with your local law. There are classes of ebikes with respect to throttle support and speed limit.

If you have reached this point and are still confused about what to pick. Let me know your needs, I will try my best to help you pick the best $500 budget ebike. Ask me.

Thanks for visiting our website and have a wonderful electric ride 🙂 PIP!….PIP!… 🚲