Best Electric Bike Under 500

Electric bikes have transformed the way we navigate our urban landscapes and explore the great outdoors. Yet, embracing this mode of transportation doesn’t always require a hefty investment. For those on a tighter budget, the dream of owning an e-bike is still within reach. Venturing into 2023, the market has pleasantly surprised us with a range of affordable, yet efficient e-bikes that don’t compromise on essential features. In this guide, we’ve curated the best electric bikes you can snag for under $500 this year. From city commuters to leisure riders, there’s something for everyone, even if you’re watching your wallet. Ready to electrify your rides without emptying your pockets? Let’s dive into the list!

What is the best electric bike under 500 ?

Electric bikes are a great way to get around town, save money on gas, and get some exercise. But they can be expensive. If you’re on a budget, don’t worry, there are still some great electric bikes available for under $500.

1. Hiland Rockshark Electric Bike

Electric Bike Under 500
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Hiland Rockshark Electric Bike on Amazon

The Hiland Rockshark Electric Bike is a great option for those who want a full-size electric mountain bike. It has a 350W motor and a 10.4Ah battery, which can give you a range of up to 30 miles. It also has 21 speeds, a front suspension fork, and disc brakes.

Features:

  • 350W rear hub motor
  • 10.4Ah lithium-ion battery
  • Up to 30 miles of range
  • 21 speeds
  • Front suspension fork
  • Disc brakes
  • Ergonomic handlebar
  • Comfortable saddle
  • Foldable design

Benefits:

  • Get around town without breaking a sweat
  • Enjoy the outdoors without worrying about hills
  • Save money on gas
  • Get some exercise

Specifications:

  • Frame: Aluminum alloy
  • Fork: Suspension fork
  • Wheels: 26 inches
  • Tires: 26 x 1.95 inches
  • Motor: 350W rear hub motor
  • Battery: 10.4Ah lithium-ion battery
  • Range: Up to 30 miles
  • Speed: Up to 20 mph
  • Gears: 21
  • Brakes: Disc brakes

Warranty:

  • 1 year warranty on the frame
  • 6 months warranty on the motor and battery

Hiland Rockshark Electric Bike on Amazon

2. MICLON Cybertrack 100 Electric Bike

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MICLON Cybertrack 100 Electric Bike on Amazon.

The MICLON Cybertrack 100 Electric Bike is a great option for those who are looking for a powerful and versatile electric bike. It has a 350W BAFANG motor and a 36V 10.4Ah removable battery, which can give you a range of up to 20 miles. It also has 21 speeds, a front suspension fork, and a LED display.

Features:

  • 350W BAFANG motor
  • 36V 10.4Ah removable battery
  • Up to 20 miles of range
  • 21 speeds
  • Front suspension fork
  • LED display
  • 2x faster charge

Benefits:

  • Get around town without breaking a sweat
  • Enjoy the outdoors without worrying about hills
  • Save money on gas
  • Get some exercise
  • Ride faster and farther with the 2x faster charge

Specifications:

  • Frame: Aluminum alloy
  • Fork: Suspension fork
  • Wheels: 26 inches
  • Tires: 26 x 1.95 inches
  • Motor: 350W BAFANG motor
  • Battery: 36V 10.4Ah removable battery
  • Range: Up to 20 miles
  • Speed: Up to 20 mph
  • Gears: 21
  • Brakes: Disc brakes

Warranty:

  • 1 year warranty on the frame
  • 6 months warranty on the motor and battery

MICLON Cybertrack 100 Electric Bike on Amazon.

3. NAKTO Electric Bike

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The NAKTO Electric Bike is the perfect way to get around town without breaking a sweat. With its powerful 250W motor and 36V battery, you can easily reach speeds of up to 20 mph. The bike also features a 6-speed Shimano derailleur, so you can pedal assist or throttle your way to your destination.

The NAKTO Electric Bike is also incredibly comfortable to ride. The step-thru frame makes it easy to get on and off, and the padded seat and handlebars provide a smooth ride. The bike also has a front and rear V-brake system for stopping power.

With its sleek design and affordable price, the NAKTO Electric Bike is the perfect way to get around town in style.

Features:

  • Powerful 250W motor
  • 36V battery
  • 6-speed Shimano derailleur
  • Step-thru frame
  • Padded seat and handlebars
  • Front and rear V-brakes
  • Removable battery
  • Up to 30 miles of range

Benefits:

  • Get around town without breaking a sweat
  • Easy to pedal assist or throttle
  • Comfortable ride
  • Sleek design
  • Affordable price

Guarantee:

The NAKTO Electric Bike comes with a 1-year warranty on the frame and a 3-month warranty on the battery.

NAKTO Electric Bike on Amazon

4. Jasion EB3 Electric Bike

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Jasion EB3 Electric Bike on Amazon

The Jasion EB3 Electric Bike is the perfect way to get around town or on short road trips. With its powerful 350W motor and 36V battery, you can easily reach speeds of up to 21 mph. The bike also features a 3-level pedal assist system, so you can choose how much power you want to use.

The Jasion EB3 Electric Bike is also incredibly comfortable to ride. The step-thru frame makes it easy to get on and off, and the padded seat and handlebars provide a smooth ride. The bike also has a front and rear disc brake system for stopping power.

With its sleek design and affordable price, the Jasion EB3 Electric Bike is the perfect way to get around town in style.

Features:

  • Powerful 350W motor
  • 36V battery
  • 3-level pedal assist system
  • Step-thru frame
  • Padded seat and handlebars
  • Front and rear disc brakes
  • Removable battery
  • Up to 20 miles of range

Benefits:

  • Get around town or on short road trips without breaking a sweat
  • Easy to pedal assist or throttle
  • Comfortable ride
  • Sleek design
  • Affordable price

Guarantee:

The Jasion EB3 Electric Bike comes with a 1-year warranty on the frame and a 3-month warranty on the battery.

Jasion EB3 Electric Bike on Amazon

5. ACTBEST Core Electric Bike

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ACTBEST Core Electric Bike on Amazon

The ACTBEST Core Electric Bike is the perfect way to get around town or on short road trips. With its powerful 500W motor and 36V battery, you can easily reach speeds of up to 22 mph. The bike also features a 3-level pedal assist system, so you can choose how much power you want to use.

The ACTBEST Core Electric Bike is also incredibly comfortable to ride. The step-thru frame makes it easy to get on and off, and the padded seat and handlebars provide a smooth ride. The bike also has a front and rear disc brake system for stopping power.

With its sleek design and affordable price, the ACTBEST Core Electric Bike is the perfect way to get around town in style.

Features:

  • Powerful 500W motor
  • 36V battery
  • 3-level pedal assist system
  • Step-thru frame
  • Padded seat and handlebars
  • Front and rear disc brakes
  • Removable battery
  • Up to 50 miles of range
  • Cruise control
  • Headlight, taillight, and brake lights

Benefits:

  • Get around town or on short road trips without breaking a sweat
  • Easy to pedal assist or throttle
  • Comfortable ride
  • Sleek design
  • Affordable price
  • Cruise control
  • Safety features

Guarantee:

The ACTBEST Core Electric Bike comes with a 1-year warranty on the frame and a 3-month warranty on the battery.

ACTBEST Core Electric Bike on Amazon

Electric Bike Under 500 Comparison

Feature/ModelHiland RocksharkMICLON Cybertrack 100NAKTO Electric BikeJasion EB3 Electric BikeACTBEST Core Electric Bike
Motor350W rear hub350W BAFANG250W350W500W
Battery10.4Ah lithium-ion36V 10.4Ah removable36V36V36V
Range (miles)Up to 30Up to 20Up to 30Up to 20Up to 50
Speeds212163-level pedal assist3-level pedal assist
Frame TypeAluminum alloyAluminum alloyStep-thruStep-thruStep-thru
Wheels Size (inches)2626Not specifiedNot specifiedNot specified
Tires Size (inches)26 x 1.9526 x 1.95Not specifiedNot specifiedNot specified
ForkSuspension forkSuspension forkNot specifiedNot specifiedNot specified
BrakesDisc brakesDisc brakesFront and rear VFront and rear discFront and rear disc
LED DisplayNoYesNoNoNo
Removable BatteryNoYesYesYesYes
Comfort FeaturesErgonomic handlebar, Comfortable saddle, Foldable designNot specifiedPadded seat and handlebarsPadded seat and handlebarsPadded seat and handlebars
Additional FeaturesNone2x faster chargeNoneNoneCruise control, Headlight, taillight, and brake lights
Max Speed (mph)Up to 20Up to 20Up to 20Up to 21Up to 22
Warranty (Frame, Motor, Battery)1 year, 6 months, 6 months1 year, 6 months, 6 months1 year, 3 months, 3 months1 year, 3 months, 3 months1 year, 3 months, 3 months
Information is subject to change depending on the provider. Please always double-check the specs from the provider.

In-Depth Look at Electric Bikes Under $500

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In this section, let’s dive deeper into what exactly you can expect from an electric bike under $500. While these bikes might not have all the bells and whistles of the more expensive options, they can be an excellent choice for those looking to save some money while still enjoying the benefits of an electric bike.

Performance and Battery Life

When it comes to performance, electric bikes in this price range typically come with a 250W or 350W motor. This is ample power for getting around town, but might not be sufficient for very hilly areas or for those looking for a high-speed thrill.

The battery is one of the most critical components of an electric bike. Most electric bikes under $500 come with a battery that offers a range of around 20 to 30 miles on a full charge. It’s essential to consider how far you plan to ride on your electric bike regularly. If you have a long commute, you might need to charge the bike at work for the return trip.

Build Quality and Comfort

With a $500 budget, you can expect a decent level of build quality. Many bikes in this price range feature an aluminum alloy frame, which is both lightweight and sturdy. However, the components such as gears and brakes might not be from well-known brands.

Comfort is another essential factor to consider. Some electric bikes under $500 come with a basic front suspension fork to absorb bumps, and a reasonably comfortable saddle. However, if you plan to use your bike for extended periods, you might want to invest in a more comfortable seat.

Additional Features

Electric bikes under $500 might not have all the high-end features, but you can still expect some useful additions. For example, some bikes come with an LED headlight for night riding, a rack for carrying items, or even a simple LCD for basic information like speed and battery life.

What to Consider When Buying an Electric Bike Under 500

Before you see the best deals and make your purchase, it’s essential to evaluate the specifications and reasons to buy a particular electric bike.

Specifications What We Liked

Pay close attention to the specifications of the electric bike. Check the battery life, motor power, and build quality. Take note of what you like about each bike’s specifications, such as if it has a long range or a particularly comfortable seat.

Reasons to Buy & Reasons to Avoid

Consider why you are buying an electric bike. Is it for commuting, leisure, or fitness? This will help you focus on the features that matter most to you. Also, consider any reasons you might want to avoid a particular bike, such as poor customer reviews or a lack of warranty.

Pros and Cons

Weigh the pros and cons of each bike. No bike will be perfect, but some may align more with what you’re looking for.

Deals & Specifications What We Liked

Look out for any deals or promotions that could save you money on your electric bike purchase. Remember that a lower price doesn’t always mean better value, so weigh the deal against the specifications and what you liked about the bike.

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Folding Electric Bike

For the ultimate in portability, consider a folding electric bike. These bikes can be compacted down, making them easy to carry on public transportation or store in small spaces.

Other related articles: Best Off Road Electric Bikes – Top 5, Best Electric Dirt Bike for Kids – Top 5, 5 Best Electric Chopper Bike (2023), Best Electric Bike for Seniors: A Comprehensive Guide, Best 40 MPH Electric Scooters – Top 7,

FAQ Section

Q: Is it worth getting a cheap eBike?

A: Getting a cheap eBike can be a good option if you are on a budget and need basic transportation for short commutes. However, you might have to compromise on the build quality, features, and performance. It’s essential to research and read reviews before making a purchase to ensure the eBike meets your needs.

Q: How much does a decent electric bike cost?


A: As of my last knowledge update in September 2021, decent electric bikes usually range from $1,000 to $3,000. However, prices might have changed since then. Within this price range, you can expect a good balance of performance, durability, and features.

Q: How fast does a 500w electric bike go?

A: A 500W electric bike can typically reach speeds of around 20 to 28 mph (32 to 45 km/h), depending on factors like rider weight, terrain, and battery capacity.

Q: How fast will a 1000W electric bike go?

A: A 1000W electric bike can usually reach speeds of around 30 to 35 mph (48 to 56 km/h). However, local laws may restrict the speed at which you are allowed to operate an eBike on public roads.

Q: How long does a cheap eBike last?

A: The lifespan of a cheap eBike can vary widely based on factors like build quality, maintenance, and usage. Typically, you can expect a cheap eBike to last for a few years with moderate use.

Q: How many miles will an eBike last?

A: The range of an eBike typically varies from 15 to 60 miles (24 to 97 km) on a single charge, depending on factors such as the battery capacity, motor power, riding style, and terrain.

Q: Is it bad to leave an ebike plugged in all the time?

A: Yes, leaving an eBike plugged in for an extended period beyond its full charge can lead to overcharging and consequently reduce the lifespan of the battery. It’s advisable to unplug the eBike once it’s fully charged.

Q: Can you bike 24 miles with an electric bike?

A: Yes, most electric bikes have a range that exceeds 24 miles, especially if you use pedal assist mode. However, the actual range will depend on factors like battery capacity, terrain, and riding style.

Q: Can you ride an eBike in the rain?

A: Many eBikes are designed to handle light rain and wet conditions, but it’s not recommended to ride them in heavy rain or through deep puddles, as this can cause damage to the electrical components. Always check the manufacturer’s recommendations regarding riding in wet conditions.

Q: Do electric bikes charge as you pedal?

A: Some electric bikes are equipped with regenerative braking systems that can charge the battery slightly when braking. However, pedaling alone usually does not charge the battery. The technology for efficiently charging eBikes through pedaling is still in development.

Q: How fast does a 750W e-bike go?

A: A 750W e-bike can typically reach speeds of around 25 to 30 mph (40 to 48 km/h). However, this may vary based on factors such as rider weight, terrain, and battery capacity.

Q: Can a 500W eBike climb a hill?

A: Yes, a 500W eBike is generally powerful enough to climb moderate hills, especially if the rider uses pedal assist. However, for very steep inclines, a higher-powered motor may be more efficient.

Conclusion

In summary, each of the electric bikes listed offers great value under $500. If you’re looking for the longest range and most powerful motor, the ACTBEST Core Electric Bike stands out with its 500W motor and 50 miles of range. However, if a compact, foldable design is your priority, the Hiland Rockshark Electric Bike might be your best option.

When selecting an electric bike, consider what features are most important to you, whether that’s range, power, or portability.

Always remember to check for the latest prices and read customer reviews for the most current information.

Ready to make the switch to an eco-friendly mode of transportation? Take a step towards a greener future and find the perfect electric bike for your needs.

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