10 Best Electric Bikes Under $500 in 2023

Did you know that electric bikes are super budget-friendly nowadays? Well, it’s common news now that you can get a decent quality electric bike under 500 bucks. That’s thrilling, huh? However, because the market has a bunch of options to offer to you, you might get baffled when you set out to find the best electric bikes under 500 bucks. But, don’t worry, we’re here for you.

In this particular discussion, we have brought to you 10 of the best cheap electric bikes under 500 bucks (as of 2022). Now, if you’re serious about getting a good quality electric bike for yourself in a budget-friendly price segment, you’re in luck.

It’s because all the products we have recommended here are under 500 bucks, yet they are highly rated by their consumers. Therefore, if you take a good look throughout this post and decide to buy either one, you’re sure to get the best value for the money you are paying.

So, without any more chitchats, let’s get you introduced to each of the 10 best cheap electric bikes under 500 bucks right away!!

What Can You Expect From An Electric Bike Under 500?

In case you have made up your mind that you were going to buy a cheap electric bike under 500 bucks, you are likely to get all the essential features such as motor-powered driving, long-term battery, efficient braking system, strong metal body, comfortable seating arrangement, etc.

To be more specific, the motor that you will get in a cheap electric bike under 500 bucks will likely be above 250 watts (up to 350 watts) in power. As a result, you will have no problem reaching speeds above 15 mph. Also, the battery pack you will likely get will be a 36-volt lithium-ion battery pack. Now, depending on the physical size of the battery pack, some electric bikes under 500 bucks can easily provide 3 to 4 hours of non-stop performance.

On the other hand, some batteries can go even further and provide up to 5 hours of continuous performance. However, the actual duration of how long a battery can provide constant performance entirely depends on the ‘Wh’ rating of the battery. For example, on average, you would get a 10Wh removable battery on a cheap electric bike under 500 bucks. And, as a result of that, it might be able to provide a non-stop performance to cover up to 40 miles.

Furthermore, you are also likely to get an efficient hydraulic braking system in a cheap electric bike under 500 bucks. Although the quality of the braking system might differ from one model to another, it is safe to say that under 500 bucks, you’ll get a decent braking system that will be able to instantly halt the bike even when it’s cruising at the top speed.

Moreover, in the realm of mountain biking, the body of the best electric mountain bikes under 500 will most commonly be manufactured from aluminum alloy. Therefore, thanks to the strong aluminum frame, these will easily be able to handle all types of rough terrains such as mountain roads, hill roads, city roads, gravel roads, etc.

Additionally, a cheap electric bike under 500 bucks will have LED headlamps that will facilitate easy riding even at night. Also, the seat of these electric bikes will be highly comfortable as well. More specifically, with the seat assembly that comes with an electric bike under 500 bucks, you will be able to comfortably cover a travel distance of 40 to 50 miles without getting a numb bottom. So, you can rest assured that the riding experience of any electric bike under 500 bucks will not keep you dissatisfied.

Table of Content:

Here, we have given a table of contents so you can jump right onto the topic that you are interested in. Using this, you can save time and easily acquire the specific information that you need in an instant.

Comparison Chart:

 To make it easy for you to compare the products we have recommended, we have provided a comparison chart here. Do take a look:

10 Best Electric Bikes Under 500 Bucks

At this point, we’ll go into an in-depth analysis of the 10 best electric bikes under 500 bucks. Also, we’ll break down the positives and negatives of each of these products in a systematic manner.

1. Sailnovo Electric Bicycle with 18.5mph 45Miles Electric Bikes – Best Overall

Powerful Motor

The most noteworthy feature of this particular e-bike is that it offers a 450W motor under 500 bucks. Thanks to that, you can easily reach a maximum speed of 20 mph with this bike. Also, using its super-strong motor, you can easily ride through all types of terrains such as mountainous tracks, muddy roads, dunes, etc.

Heavy Duty Battery

In addition to a powerful motor, this e-bike also has got a huge battery of 10.04 Ah rating. And, the battery runs on 36 volt DC electricity. Thanks to that, it can easily cover up to 30 miles in e-bike mode. Also, in the pedal-assisted mode, this bike can easily cover a distance of up to 40 miles in one single full charge. So, I think it is safe to say that this electric bike is perfectly suited to be used as a daily commuter.

Convenient LED Lighting Assembly

For those people who are willing to use this e-bike on highways, there’s good news. This specific e-bike comes with a bright LED taillight and a dual-LED headlight. Also, it’s got an LCD display that can light up. Therefore, using this bike at night is sure to be a very comfortable experience.

Waterproof Body

In addition to the above-mentioned benefits, a prominent feature of this e-bike is that it is fully waterproof. That means you can use this electric bike even in rain or snow. More importantly, you can even use this bike on muddy terrains. Therefore, we think this bike will perfectly be able to provide you with a seamless performance regardless of which terrain you use it on.

Multiple Color Choices

Lastly, this e-bike is also an optimum choice for fashion concerned bikers because it comes in 4 different color choices: polished white, black, orange, and sky blue. That means, depending on your theme preference, you can choose a particular color of your liking. As a result, if you purchase this bike, you can show off your taste for visual aesthetics to your pals. That, in turn, makes this electric bike a worthy choice under 500 bucks.

Technical Details

• Age range: adults
• Name of the brand: Sailnovo
• Size of the wheel: 14-in
• Best used on: roads
• Suspension system: dual suspension
• Battery rating: 36 volt 10.4 Ah
• Maximum speed: up to 18.6 mph
• Battery backup: up to 1-hour
• Foldability: available
• Availability of LED headlights and tail lights: yes
• Braking system: hydraulic disk brake
• Maximum range: 45 mi
• Power of motor: 350 W
• Construction material: aluminum
• Dimension of the item: 65 x 8.27 x 27.17 in
• Suited for: unisex-adult

User Experience

• The ergonomic saddle of this particular e-bike is very comfortable to sit in. That’s why riding it for long hours is not a tiresome experience at all.
• Thanks to the hydraulic shock absorbers, this bike is perfectly suited for riding on the plain streets and bumpy regions.
• Because of its bright LED headlights and rear lights, this bike is perfectly suited for a nighttime journey.
• Due to its foldable design, it can easily be carried in a backpack. Thanks to that, it provides a flawless on-the-go experience.

Why Should You Buy It?

Although this bike is cheap, it provides all the necessary features that you would expect even from the best electric mountain bikes under 500 bucks. That’s why this particular model of an e-bike is our prime recommendation for all types of users. So, go ahead and check it out right now!

2. Jetson Bolt Adult Folding Electric Ride On – Best Foldable Bike

Foldable Design

The prime feature of this folding electric bike under 500 is that it can easily be folded and tucked in a backpack. That means it is inherently designed to be extremely portable. What’s more, this bike is also extremely lightweight. Namely, it’s only 40 lb in weight. That means it’s not going to be a super heavy thing for you to carry. And, you can rest assured that carrying it in your backpack will not give you any back pain.

Powerful Motor

Another noteworthy feature of this e-bike is that it’s got a 250-watt motor. That means it is fully suited to provide the optimum performance in day-to-day usage. Also, thanks to the powerful motor, it can reach a top speed of up to 15 mph within 5 seconds. Therefore, you can conveniently use this e-bike to go to your office or school/college campus. That, in turn, goes on to show that it’s a very handy ride indeed.

Strong Body And Braking System

Because this e-bike is made of aluminum, its body structure is very strong and sturdy. Thanks to that, with this e-bike, you can cruise right through all types of bumpy roads without any hardship. Also, this bike is very efficient in absorbing shocks and impacts on the road. So, this e-bike is indeed a very sturdy vehicle.

Furthermore, as this bike comes with a disc braking system, it’s fully secure even for a beginner to ride on. Not only that, but this cheap electric bike has an excellent hydraulic shock absorber as well. Thanks to that, the security is even further enhanced.

LED lighting And Optimum Dimensions

In order to make this bike perfectly suited to be used on public roads, the manufacturer has provided bright LED headlights and tail lights with it. So, you can easily use this electric bike on the road even at night. Pretty convenient, right?

Moreover, as this bike comes in a 40x20x37-in dimension, it is fully optimized to be driven on narrow roads. Therefore, if you have this bike in your hand, you won’t have any problem taking shortcuts through the cityscape and reaching your destination in the least amount of time.

Technical Details

• Components in the package: main body, wheels
• Color of the item: black
• Construction material: aluminum
• Braking system: rear braking
• Weight of the item: 34 pounds
• Battery voltage: 36 volts
• Model of the item: Jetson Bolt Folding Electric Bike with LCD Display
• Dimension of the item: 40x20x37 in
• Name of the brand: Jetson
• Warranty period: 1-year
• Maximum speed: 15 mph
• Recommended age: 12+

User Experience

• Since this e-bike is a folding electric bike under 500 bucks, it is a fully ultraportable ride.
• Thanks to the lightweight body construction, riding this vehicle is not difficult at all.
• Because this model of electric bike has a convenient footpeg, the user can conveniently rest his/her legs on it.
• Due to the fact that it has a bright LCD display that indicates battery levels and other information, monitoring this bike while riding is easy.

Why Should You Buy It?

If you are a fan of compact design and easily handled gadgets, this is the bike you should choose. Why? It’s because it offers perfect portability and ease of usage. So, it’s the best folding electric bike under 500. Therefore, go ahead and grab it right now!!

3. Swagtron Swagcycle EB-5 Lightweight Aluminum Folding Electric Bike – Best Electric Mountain Bike Under 500 Bucks

Adjustable Seat Portable Design

The best thing about this particular mountain e-bike is that it offers a fully adjustable seat, meaning it is equally suitable for users of different body heights. So, even if you are a very tall person, you can purchase this bike without worrying about whether it’ll be suited for your body or not. Not only that, this bike can easily be folded into 15.6 X 23.6 X 26-in size anytime. So, you can easily carry it in your backpack when you’re not riding it. Also, it’s only 23 kg in weight. That means it is not going to be difficult for you to carry at all. Super convenient, isn’t it?

Long Battery Life

Thanks to the 36-volt lithium-ion battery of this e-bike, it can provide a relentless performance for up to 5 hours. That means, even if you want to conduct long tours with this ride, it is easily possible to do so. Also, it’s worth noting that charging this bike is also very easy because it only takes about 3 to 4 hours to get fully recharged. Therefore, you can charge it on the go while you are carrying it in your car.

Pedal Assisted Mode With Powerful Motor

One of the most eye-catching aspects of this mountain electric bike is that it offers a pedal-assisted mode, and it comes with a 250-watt motor. So, in case you want to travel long distances with this bike, you won’t have any problem doing so.Furthermore, as it comes with a 250-watt motor, this e-bike is perfectly capable of pulling off a steady journey through all types of terrains, be it bumpy or plain. So, it’s safe to say as well that this e-bike is equally suited to be driven in a city landscape or a rural area too.

Multiple Color Options

Lastly, this specific cheap electric bike comes in 3 color variants: white, black, and blue. That means this electric bike is also a perfect choice for fashion concerned riders. You might ask, “Why is it so?”. Well, because it comes in 3 color variants, you can choose a particular color depending on your taste in fashion. For example, if blue is your favorite color, you can choose the blue variant of this electric bike. As a result, when you’re riding this bike, you will feel more confident than ever.

Technical Details

• Electric bike type: folding bike
• Minimum recommended age: 12+ years
• Name of the brand: Swagtron
• Size of the wheel: 14-in
• of color variants: 3
• Construction material: aluminum
• Weight of the item: 37 lb
• Dimension of the item: 5 in
• Manufacturing country: China
• Suggested for users: unisex adults
• Removable battery availability: yes
• Motor power rating: 250-watt
• Maximum speed: 15 mph

User Experience

• This bike has a special ‘Autoguard’ technology. Thanks to that, it can easily be stopped in an instant, which is super convenient.
• As this comes fully assembled, the user doesn’t have to go through the trouble of manually assembling it.
• Because it is a foldable bike, it is very comfortable to carry.
• The charger port of this electric bike is water-resistant. That’s why it is fully protected from rain.

Why should you buy it?

This particular bike is especially suited for covering long travel distances because it comes with an efficient pedal-assisted travel mode. So, it’s safe to say that it is indeed the best electric mountain bike under 500. Therefore, if you are someone who loves hill/mountain tracking, you should check this bike out right now!!

4. ANCHEER 500W Electric Bike Electric Commuter Bike – Best App Controlled E-bike

Excellent App Control

The most notable feature of this cheap electric bike under 500 bucks is that it comes with a dedicated Bluetooth system APP. And, with this app, you can easily monitor/control many parameters of this bike such as the speed, the locking of the motor, monitoring mileage, running diagnostics, etc.

And you’ll be glad to know that the app is fully compatible with both the iOS and Android OS. Therefore, if you learn to take advantage of the APP, using this bike will be a very pleasing experience for you.

Extremely Powerful Motor

The manufacturer of this bike has turned this e-bike into a powerhouse by equipping it with a 500-watt motor. And, thanks to the extremely powerful motor, it can easily reach a speed of 20 mph within 2 seconds.

Also, that’s exactly why using this bike for instant commutes is very easy and comforting. So, if you’re thinking of buying a cheap electric bike under 500 bucks that can promptly get you to your work or school, this is the bike you should choose.

Reliable Battery

In terms of battery power, this particular bike is a champion as well. It’s because it has a 48 volt, 7.5 Ah battery. And, since it’s a lithium-ion battery, it’s completely safe to use in all environmental conditions such as rain, snow, etc.

Now, thanks to the battery’s high voltage, it can promptly reach the top speed and retain an even speed level for a long time. Consequently, this bike can easily cover a distance of 50 miles in one full charge. And, that’s why it is safe to say that this bike is perfectly suitable to take long rides as well.

A Waterproof Design

In order to make this bike a perfect commute for everyone, the manufacturer has made sure that it is fully waterproof. To be more specific, this electric bike is rated with an IPX5 waterproof rating. That means you can cruise through to your destination without having to give a thought to the weather outside. Be it rain or sun, this e-bike will always get you to your destination in time.

Technical Details

• Size of the item: 3 X 37.8 X 19.7 in
• Size of the seat: 8 X 7.1 X 2 in
• Recommended height of user: 5 ft 1 in and above
• Diameter of wheel: 14 in
• Construction material: aluminum alloy
• Weight of the item: 18 kg
• Maximum load capacity: 265 lb
• Braking system: disc braking in both wheels
• Battery dating: 48v 7.5 Ah
• Maximum mileage: 50 miles
• Waterproof rating: IPX5
• Smart charging technology availability: yes
• Suggested for: unisex-adult

User Experience

• Due to the fact that this bike is a foldable one, it is super easy to carry in a backpack.
• The air-filled rubber wheels are equipped with anti-slip technology. That’s why this bike has the optimum grip on the road.
• The user interface of the dedicated APP is very user-friendly. So, it’s easy for the new user to understand.
• Thanks to smart charging technology, the battery gets charged very quickly (within 4 hours).

Why Should You Buy It?

 Although this bike comes under 500 bucks, it’s a very capable e-bike (thanks to its smart APP technology, powerful motor, and battery system). So, if you don’t want to go through the trouble of looking into many bike models, you can just pick this one. In turn, we can guarantee you will get a high value for the money you’re paying. Go ahead and grab it right now!

5. ANCHEER Folding Electric Bicycles – Best Removable Battery E-bike

Detectable Battery

If you want to cover a large distance (above 60 miles) with an e-bike, you’ll likely not be able to do it in one single full charge. Rather, you’ll need multiple battery packs. And, your e-bike must be compatible with removable batteries. In this aspect, this particular e-bike is a perfect choice because it has a 36v 8Ah detachable battery. Also, it can easily provide a maximum mileage of 40 miles in one single full charge.

Furthermore, it only takes about 4 hours to fully charge its battery. So, if you carry an extra battery pack with you, with the ANCHEER Folding Electric Bicycles, you can easily cover almost 100 miles of travel distance.

Efficient Motor

Because this e-bike is equipped with a 250W motor that can easily reach a maximum speed of 15.5 mph, it has a very efficient energy consumption ratio. How so? Well, since it’s not a hugely powerful motor, it does not consume extreme amounts of electric power.

However, this motor is powerful enough to provide enough distance coverage, so you can commute to your work or school in time. That’s why it is right to say that the power consumption efficiency of this e-bike is excellently praiseworthy.

Collapsible Design

Another specialty of this e-bike is that, when you’re not using the e-bike, you can just fold it into a compact size and store it in your backpack. Then, you can carry it with you anywhere you want to go. So, thanks to its collapsible design, this specific model of electric bike under 500 bucks is a very handy ride to have in possession.

Dual Disc Braking System

As you may already know, disc braking systems are one of the most efficient braking systems for bikes. That’s why manufacturers of the best electric mountain bikes under 500 bucks provide dual disc braking systems in all e-bike models.

Now, in this particular respect, this bike is a winner as well because it comes with a dual-disc braking system. And, this bike also has an ‘Autoguard’ safety feature that can instantly cut the power of the motor whenever the user wants it to. As a result, it provides a super-secure riding experience.

Technical Details

• Motor rating: 250 w brushless
• Battery rating: 38 volts 8 ah lithium-ion
• Maximum mileage: 15 miles to 30 miles
• Wheel size: 16 in
• of operation mode: 3
• Braking system: dual disc brake
• Charging time required: 4 hours
• Construction material: steel
• Weight of the item: 5 kg
• Dimension of the item: 97 x 25.98 x 9.06 in
• Name of the brand: ANCHEER
• Warranty period: 1-year

User Experience

• Because this electric bike has 3 operation modes (pedal mode, pedal-assisted mode, and fully automatic mode), riding it is a very pleasing experience.
• The user interface of this e-bike is very user-friendly. That’s why, with this e-bike, monitoring the power level of the battery is very easy.
• Due to the efficient disk braking system, this is fully secure even for the children/minors to ride on
• Thanks to the prompt smart charging technology, charging the battery does not take longer than 4 hours

Why Should You Buy It?

As this bike comes with a fully interactive APP, it is the perfect vehicle for those people who love modern gadgetry. So, if you, too, are fond of smart electric vehicles, this is the bike you should pick.

6. Swagtron Swagcycle Aluminum Folding Electric Bike (Black Edition) – Best Futuristic Appearance

Sleek Design

If you are looking for a sleek-looking electric bike with a modernistic appearance, you should look into the Swagtron Swagcycle EB-5 e-bike. This particular electric bike is equipped with multiple LED lighting. So, whenever you ride this electric bike at night, it provides a very futuristic vibe. Consequently, this is a perfect choice for those riders who are a fan of cutting-edge design gadgetry.

Lightweight Construction

As this cheap electric bike under 500 bucks is only 20 kg in weight, it is super easy to carry around. Also, this electric bike is fully foldable into a smaller size. That’s why it is even easier to carry. Therefore, it is the perfect electric bike for you if you are someone who loves to travel around and explore new cities.

Pedal Assisted Mode

Although this bike comes with a 250-watt motor, it is equipped with pedals to assist the motion of the bike. So, if you use the pedal-assisted mode, you can easily cover long distances on a single charge. Also, using the pedal-assisted mode, you can easily conquer any uphill road or bumpy terrains. That, in turn, means that this bike is equally suited for both plain and rough terrains.

Instant Braking Mechanism

In order to provide full security to the rider, the manufacturer has provided an instant braking system in this bike. That’s to say, it is equipped with an ‘Autoguard’ safety feature. The specialty of this feature is that it can easily turn off the power of the motor instantly.

As a result, you can quickly stop the bike whenever you want. Now, this feature is particularly useful when cruising through narrow roads and city streets. That’s why this bike is particularly suited to be used in densely populated urban landscapes.

Fully Preassembled

As this electric bike comes fully preassembled out of the box, you can instantly start riding it from the moment you unpack it. That also means that this bike is an excellent option for new users of electric bikes who don’t have any knowledge of assembling an electric bike.

Technical Details

• Type of bike: BMX
• Recommended age: above 5 years
• Name of the brand: Swagtron
• Size of the wheel: 14 in
• Color of the item: deep black
• Construction material of the body: aluminum alloy
• Braking technology: Caliper
• Weight of the item: 37 lb
• Source of power: rechargeable battery
• dimension of the item: 9 X 24.5 X 14.5 in
• Warranty period: 1 year
• Suggested for users: unisex adults
• Motor power rating: 250 w
• Maximum speed: 5 mph

User Experience

• This specific electric bike is very lightweight. So, it’s very easy for even children to ride.
• This bike can even be driven by pedal if the battery is dead. That’s why its daily usage experience is highly convenient.
• Its metal body is fully corrosion resistant. Therefore, spilling water or other liquids on the bike does not cause any harm to it.
• Thanks to the pedal-assisted mode, riding uphill is very easy with this bike.

Why Should You Buy It?

 We have recommended this bike to you because it’s visually pleasing and, at the same time, it offers all the necessary features. Apart from that, its pricing is not too harsh either. That’s why we wholeheartedly suggest that you try out this cheap electric bike ASAP.

7. Swagtron Swagcycle Pro Pedal-Free App-Enabled Folding Electric Bike – Best Pedal Free Bike

Interactive APP

The specialty of this bike is that it comes with a native app that can easily monitor the speed and the location of the bike. Also, the app is fully compatible with all mobile operating systems, including iOS and Android. Now, thanks to the interactive app of this e-bike, you can easily track its location. So, it’s completely secure against theft.

Long Mileage

Thanks to the 37-volt 4.4 Ah battery of this electric bike, you can easily cover up to 15.5 miles of distance with one single full charge. Also, you can easily reach a maximum speed of 18 mph. That means this bike is perfectly suited for taking long rides in the city landscape. And, if you have this bike, it is ensured that you will not be late for your work anymore.

Pedal Free Mode

Another key feature of this cheap electric bike under 500 bucks is that it is a fully pedal-free bike. That means, when you are on this bike, you won’t have to use your leg to pedal in order to gain motion. Rather, all you will have to do is let the 350 motors run at its full efficiency. And then, you can just relax and enjoy the ride while the bike carries you on its own.

USB charging port

You’d be glad to know that this particular electric bike comes with a USB port by which you can charge your mobile phone. This means, even if your phone runs out of charge when you are on your journey, you can conveniently plug your phone into the e-bike battery and recharge it instantly. Very convenient, isn’t it?

Bright Headlight And Tail Light

In order to make this bike fully suited to run on the streets, the manufacturer of this electric bike has provided full-fledged headlights and tail lights on its front and rear side. As a result, you won’t have any problem taking short tours on the road with this bike at night.

Technical Details

• Motor rating: 350 watts
• Battery rating: 37 volt 4.4 AH lithium-ion
• Maximum speed: 18 mph
• Maximum range: 5 miles
• Charging time required: 3 to 4 hours
• Maximum load capacity: 264 lb
• Breaking system: dual disc braking
• Wheel size: 12 inches in front and 10 inches in rear
• Weight of the item: 4 lb
• Components included in the package: manual, charger, battery
• Bike style: portable bike
• Dimension of the item: 43x 8.75 x 24.5 in

User Experience

• As this bike is fully pedal-free, people who have a disability in their legs can also ride it.
• Due to the bright LED headlights and taillights, riding with this electric bike at night time is fully secure.
• Thanks to the interactive APP, monitoring the bike is super convenient.
• Because the bike has a dual disc braking system, controlling its motion is ridiculously easy.

Why Should You Buy It?

Although this bike does not have a pedal-assisted mode, it is very reliable because it has a swappable battery. So, if you keep a spare battery with you, you won’t have any problem riding this bike for long distances. Therefore, we wholeheartedly recommend that you go ahead and check its price right now!

8. Electric Bike for Adults Teens,DYU 14″ Folding Electric Bicycle – Best City Bike

Long Distance Coverage

If you want to use your cheap electric bike to commute through the city streets and reach your work/school in time, you will need such a bike that can cover large distances in one single charge. That’s why this particular electric bike is a prime choice for you.

The specialty of this e-bike is that it can easily cover up to 45 miles in one single charge. That means, with it, you will not have any problem committing through your daily routes without having to worry about your battery dying unexpectedly.

Dual Disc Braking

In addition to other benefits, this bike is equipped with a dual-disc braking system. So, it can quickly stop its motion whenever the user needs it to. As a result, it is the perfect ride for riding through traffic in a busy city.

Optimally Powerful Motor

This electric bike has a fine capability to cover long distances because it is equipped with an optimally powerful 250-watt motor. Now, since it’s not a hugely powerful motor, it does not consume much electricity even when it’s running at its maximum speed (15.5 miles per hour). Thanks to that, it can efficiently utilize the full capacity of the battery. And, in turn, it is perfectly able to last for a long time and provide a seamless performance without any hiccups.

Foldable Design

Not not only is this bike trustworthy in terms of performance, it is also very convenient to carry around as well. Namely, this cheap electric bike bucks is fully foldable. So, you can easily tuck it into your backpack and carry it to any place you want.

Comfortable Saddle

In order to make this bike really convenient to ride on, the manufacturer has provided a very soft seating assembly that is constructed with vinyl foam padding. Therefore, if you ride on this bike, you won’t have any back pain even if you spend multiple hours riding it.

Technical Details

• Motor rating: 240W
• Battery rating: 36 volt 10 ah
• Tire diameter: 10-in
• Braking system: dual disc brake
• Body construction: foldable
• Seat adjustability: available
• Item color: black
• Construction material: carbon steel
• Name of the brand: DYU
• Dimension of the item: 6 X 40.1 x 14 in
• Maximum distance coverage: 40 miles
• Maximum speed: 5 mph
• Charging time required: 6 hours
• Maximum weight capacity: 75 kg

User Experience

• Since the body of this electric bike is constructed from carbon steel, it is fully corrosion resistant
• Thanks to the optimized brushless motor, it can reach its maximum speed in only 8 seconds
• The motor and the electric components are fully protected from water spillage. Therefore, it is possible to ride this e-bike through watery streets as well
• Because this is a bike that has excellently bright headlights and taillights, riding it during the night is also very convenient

Why Should You Buy It?

As this bike is particularly suited for city landscapes, it is the perfect electric bike under 500 bucks for city dwellers. Therefore, in case you live in a large city where there’s a lot of traffic, you should go ahead and get this bike right away!

9. Leadzm 14″ Folding Aluminum Electric Bike with 36V 6Ah Battery – Best Budget Friendly E-bike

HD display

The first and foremost feature of this e-bike that we’re going to talk about is its HD meter display. Thanks to the HD display, the rider can easily monitor the battery levels and the current speed of the bike. As a result, it becomes easy for the rider to estimate when to charge the battery and when not to.

Height Adjustability

It is also worth noting that the seat of this bike is fully adjustable. As a result of that, this bike is perfectly suited for users of all height levels. For example, even if you are above 6 ft 5 inches in height, you won’t have any problem riding this bike. It’s because you can easily adjust the seat height according to your body size. On the other hand, even if you are not that tall, it’ll be perfectly fine for you to ride on.

Easiest Assembly

In order to make this bike much easier for beginners to use, the manufacturer makes this bike 90% assembled out of the box. That means, even if you don’t have any prior experience in setting up an e-bike, you won’t have any problem having it assembled on your own.

Perfect Battery Backup

The battery capacity of this particular electric bike is 36 V 6 Ah. As a result of that, it can easily cover a distance of up to 40 miles per full charge. So, in case you want to use this bike to catch your work or school at the right time, you definitely can.

Foldable Design

Thanks to the foldable construction of this bike, you can easily convert it into a smaller sized package (and carry it in a backpack). That means this bike is perfectly suited for those people who travel a lot.

Budget-Friendly Pricing

Last but not the least, the pricing of this electric bike is not that harsh. As a result of that, it is one of the most budget-friendly electric bikes under 500 bucks.

Technical Details

• Name of the brand: LEADZM
• Size of the wheel: 14 in
• Suspension placement: rear and front
• Body construction: foldable
• Number of operation modes: 3
• Maximum speed: 5 mph
• Maximum range: 3 miles
• Battery rating: 36 volts 6Ah
• Motor rating: 250-watt
• Adjustable seat height: 9 inches
• LED light availability: yes
• Braking system: disc brakes
• Tire system: pneumatic tire
• Weight of the item: 40 pounds
• Construction material: aluminum
• Dimension of the item: 1 x 11 x 41.3-inch 

User Experience

• This specific e-bike is equipped with flashy LED headlights and tail lights. So, it is possible to ride it at night time as well.
• The pneumatic tires of this e-bike are perfectly suited for taking all extreme shocks and impacts on the road. So, no matter what the terrain is, this bike is fully fit for all types of asphalt.
• Thanks to the strong disc brakes, it is easy to control the motion of the bike in an instant.
• As this e-bike is only 40 lb in weight, it shouldn’t be any problem for the user to carry it on a backpack

Why Should You Buy It?

Although this bike comes at a budget-friendly price point, it does not compromise even a bit in terms of quality. That’s why, if you are a bit short on budget, we recommend that you choose this e-bike without any hesitation.

10. Swagtron Swagcycle Folding Electric Bike – Best Electric Bike For Adults

Optimum Speed Gain

One of the key features of this e-bike is that it comes with a 250W motor. As a result, it can easily reach a speed of 15 mph within 5 seconds. That, in turn, facilitates instant mobility for the user. That’s why this particular e-bike is especially suited for commuting to your work/school. So, if you purchase it, you can rest assured that you won’t miss out on your work or class (at school) anymore.

Extremely Comfortable

A noteworthy feature of this electric bike is that it has a height-adjustable seat. Consequently, this bike is fully fitted for users of different heights. And, as a result, this contributes to a perfectly comfortable riding experience as well.

Furthermore, it’s equipped with a pair of 14-in air-filled tires. Thanks to that, it can easily absorb all the shocks and impacts of a bumpy road. Consequently, with this bike, riding to your destination every day will be a very smooth experience.

Excellent Braking System

In addition to all other benefits, this bike comes with a Caliper braking system. Also, it’s equipped with an ‘Autoguard’ braking technology. The benefit of this feature is that this e-bike can easily and instantly cut the power of the motor whenever you need it to. And, in combination with that, it can utilize its Caliper braking system to stop the bike within 2 seconds.

Separately Sold Battery

If you want to cover large distances with this e-bike, you definitely can. How? Well, it comes with a separately sold extra battery. So, if you buy the extra battery pack and carry it with you, you can practically double the range of this bike. What’s more, charging this bike is an easy process (it only takes about 4 hours). So, as this bike can provide long-lasting performance, you will not have any problem taking long tours with it.

Technical Details

• Number of color variants: 3
• Color variants: black, blue, white
• Motor power rating: 250w
• Maximum speed: 5 mph
• Braking technology: Caliper
• Detachable battery availability: yes
• Affordable mechanism: yes
• Size of the wheel: 14 in
• Construction material: aluminum alloy
• Weight of the item: 37 lb
• Dimension of the item: 2 x 21.7 x 34.9 in
• Warranty period: 1 year
• Suggested for: unisex-adult
• Pedal assisted mode availability: yes

User Experience

• Since it comes with a swappable battery, the user can infinitely extend the range of this bike, which is super cool.
• Thanks to the air-filled tires, the shock-absorbing capability of this bike is excellent.
• The saddle of the e-bike is manufactured with soft foam paddings. That’s why taking long tours on this bike does not tire the rider at all.
• As this is a very lightweight vehicle, carrying it in a backpack is not difficult at all

Why Should You Buy It?

This electric bike model is one of the most highly rated electric bikes under 500 bucks. It’s because it can cover a long travel distance by utilizing swappable batteries. So, if you want an e-bike to conduct long tours, you should definitely look into it ASAP.

Are 500 Dollar Electric Bikes Worth The Money?

As electric bikes are highly convenient two-wheeler vehicles for short to medium-distance traveling, they can come in various price segments. For instance, you can get an electric bike for as high as $2,000, or you could just get a cheap electric bike for under 500 bucks. Now, we think it’s perfectly worth the money to buy a 500 bucks electric bike because they provide the best value for their price.

How is it possible? Well, an electric bike under 500 bucks will have a moderately powerful battery with a strong motor. Which, in turn, will ensure that you are able to cover a distance of up to 50 miles in one full charge cycle.

Also, a cheap electric bike under 500 bucks comes with necessary LED lights such as headlights, tail lights, and side indicators. As a result, they are perfectly suited to be used on highways and busy streets. On top of that, the body frame of electric bikes under 500 bucks will likely be very lightweight as well. That means, due to the lightness, you can easily ride the bike on pedals even if the battery is consumed.

Furthermore, most electric bikes under 500 bucks will get recharged within 2 to 3 hours. As a result of that, using these bikes on a daily basis is not a drag at all. In fact, you would enjoy driving a 500 bucks vehicle because most models of e-bikes under 500 bucks can provide a top speed of 20 mph.

On top of that, most 500 bucks e-bikes come with aluminum alloy metal bodies. Consequently, they tend to be perfectly corrosion-resistant, meaning these bikes will likely easily last for 3 to 5 years (if you take good care of them). So, keeping all the above-mentioned facts in mind, we wholeheartedly believe that it is perfectly worth the money to buy a 500-buck e-bike.

What Should I Know Before Buying An e-bike? [Buying Guide ]

 Although electric bikes are not complicated machines, you need to be careful to check certain features before buying a cheap electric bike under 500 bucks. Why is it? Well, you will only be able to choose the best electric bikes under 500 if you have inspected all the aspects of an electric bike before buying it. So, to make this process easy for you, we have listed down a few criteria of cheap electric bikes that you should examine.

Let’s take a look at them one by one:

Modes Of Operation

Electric bikes come in different types. And, they also offer different modes of operation. For example, some e-bikes will have 2 modes of operation: motor-powered mode and pedal-assisted mode. On the other hand, some electric bikes will have 3 modes: motor-powered mode, pedal-assisted mode, and pedal-powered mode. Now, our suggestion is that you choose an electric bike under 500 bucks that offers all 3 of these modes of operation.

Power Rating Of The Motor

Although almost all the models of electric bikes under 500 bucks offer electric motors that usually have 250 to 350 watts of power, the best strategy is to look for a particular model that can offer a motor above 350 watts.

However, even if you can get an electric bike model that offers exactly 350 watts of power in its motor, we think it’s perfectly fine to purchase it. Why? It’s because a 350-watt motor is optimally strong to provide steady performance in day-to-day usage.

Size Of The Battery

The standard battery that most electric bikes under 500 bucks offer will be a 36-volt lithium-ion battery. Now, the thing you should note here is that the battery backup of the electric bike will depend on the total energy storage capacity of the battery. Namely, the more ‘Wh’ rating a battery has, the longer it will be able to sustain performance.

That’s why I recommend that you choose an electric bike that has at least 10Wh of storage capacity. Why? It’s because any bike that has a 10-watt-hour battery will easily be able to provide about 50 miles of distance covered in one full charge (which is more than enough for an average rider).

The Type Of Bike

As we have mentioned above, electric bikes come in many types such as standard road bikes, mountain bikes, hybrid bikes, gravel bikes, commuter bikes, and folding bikes. Now, you should choose one particular type of electric bike depending on your personal need. For example, if you want to use your electric bike to go to your university or office, we suggest that you choose a commuter bike.

On the other hand, in case you want to enjoy mountain biking, a mountain bike is the best option for you. Moreover, if you just want to take street tours and explore the localities of a city, a hybrid bike or a road bike will be an optimum choice for you.

The Braking System

In order to ensure optimal security during the time of riding electric bikes, you will need to ensure that your e-bike has an efficient braking system. Now, in summary, there are 2 types of braking systems that most cheap electric bikes under 500 bucks offer: rim brakes and disc brakes. And, between these 2 types, our recommendation is that you choose those particular models of e-bikes that offer disc braking systems.

Why do we recommend that? It’s because, in a disc braking system, bikes are stopped by hydraulic driven brake shoes. More specifically, the brake shoes clamp against a circular metal disc to stop the bike in an instant. That’s why this particular braking system is highly efficient in all environmental conditions.

On the other hand, the rim braking system works by clamping brake shoes against the rim of the bike wheel. As a result, the bike gets stopped due to the friction imposed by the brake shoes on the wheel rims. This braking system works just fine too if they are properly maintained and precisely set up.

However, over time, the rim braking system loses its efficiency and becomes cranky. Therefore, we think the best choice would be to go for those electric bikes that come with a disc braking system.

Size Of The Wheel

When choosing the wheel size, you have to remember that the larger wheel you have, the faster your bike will run. That’s why we suggest that you choose those electric bikes under 500 bucks that come with large wheels.

For example, a full-size 29-in diameter wheel is the perfect choice for electric bikes. And, you can also choose 27.5-inch diameter wheels as well (although it won’t be able to provide the same advantage as a 29-in wheel). However, we recommend that you do not choose 26 in diameter wheels. It’s because these wheels do not provide a premium performance.

Related Frequently Asked Questions (FAQs)

Do You Need a License to Drive an Electric Bike?

No, you do not need a driving license to ride electric bikes on the road. However, it is mandatory that you follow the traffic rules and regulations just as any other vehicle. But, at the end of the day, it is a major advantage of electric bikes that they can be driven without any sort of driving certification or license whatsoever.

How much is a decent e-bike?

Although electric bikes come in various price segments, we think you can easily find a decent electric bike under 500 bucks. And, you can also find electric bikes that are way cheaper than 500 bucks. However, we highly doubt that those cheap bikes will be able to provide decent performance. So, if you want to have quality time with the e-bike you are willing to buy, you should not go below the $500 price segment.

Is 500W enough for e-bikes?

Yes, definitely. A 500-watt electric bike will easily be able to reach a top speed of 32 km/h or 20 mph (which is enough speed for an average rider). What’s more, a 500W e-bike is perfect for taking a medium-distance commute every day. So, if you’re thinking of using your e-bike for day-to-day usage, we think a 500W motor will be enough to provide a steady performance for you.

How Long Do Electric Bike Batteries Last?

In terms of longevity, an average electric bike battery will last between 3 and 5 years. However, depending on the quality and the price, the average lifespan can also be much higher as well. Now, in terms of continuous battery backup, a decent electric bike will be able to provide a continuous performance for up to 3 to 4 hours. Which, again, depending on the price and quality, can be much higher for different models of electric bikes.

How many charges can I get out of a battery?

If you have bought a cheap electric bike under 500 bucks, you will likely get about 500 charge cycles from the battery of that e-bike. But, if you can up your budget a bit and buy a more expensive e-bike, you’ll be able to acquire 600 to 700 charge cycles from the e-bike.

Now, the number of charge cycles that you may get from an e-bike battery entirely depends on how you use the battery. I.e, for those people who routinely charge their battery every day and use it on a routine basis, the battery will be able to provide a large number of charge cycles in its lifetime (about 700 cycles).

On the other hand, if you do not regularly charge your e-bike battery, you might get a lower number of charge cycles throughout its lifetime (less than 500 cycles).

Conclusion

The bottom line of this whole discussion is that the best electric bikes under 500 bucks should provide you with a medium to a high level of mileage, and they will also be ultra-portable. Now, from this point of view, all the products we have recommended above should offer you all the necessary features that you would expect from the best electric bike.

However, if you don’t want to go through the trouble of comparing multiple products, you should just straight up pick the Sailnovo Electric Bicycle with 18.5mph 45Miles Electric Bikes for Adults Teens E Bike with Pedals. It’s because it’s an all-rounder electric bike under 500 bucks.

Also, if you want to save some money and buy a budget-friendly e-bike, we recommend that you choose the Leadzm 14″ Folding Aluminum Electric Bike with 36V 6Ah Battery. Why? Because, this particular e-bike offers all the necessary features at a very minimum price point.

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Evan Larry

Hello, this is Evan Larry. The chief editor of this site, “eBikeBuster.” After completing my graduation in mechanical engineering, I worked for a renowned e-bike manufacturing company as a technician. I had worked there for almost six years, and later I quit the job and started my own business where I sell different types of e-bike and their tools and accessories. I created this site, eBikeBuster, to guide people, who are new to an e-bike and don’t have proper knowledge about its tools, accessories, and maintenance.