Top 7 Best Electric Bikes Under 500 In 2024 (Expert-Tested!)

Tired of getting stuck in traffic and looking for a greener, more efficient way to navigate your city? Explore the world of urban commuting with the best electric bikes under $500! These e-bikes offer an unbeatable blend of convenience, affordability, and eco-friendliness, making them perfect for budget-conscious commuters, environmentally aware riders, and fitness enthusiasts alike. Whether you’re dashing to work, running errands, or just enjoying a leisurely ride around town, these e-bikes provide a reliable and fun solution. In this blog post, we’ve teamed up with experienced cyclists and e-bike aficionados to bring you insightful reviews and essential tips on choosing your ideal foldable ebike. Get ready to transform your daily commute and embrace a more active lifestyle with our top picks for the best electric bikes under 500!

Best Electric Bikes Under 500

Top 10 best electric bikes under 500 Dollars Are:

Heybike Race Max Best Electric Bike for Adults 

#1. Heybike Race Max Best Electric Bike for Adults 

Key Specifications:

Bike TypeElectric Bike
Age Range (Description)Adult
Number of Speeds7
Wheel Size27.5 Inches
Frame MaterialCarbon Steel
Suspension TypeFront
Special FeatureDigital Display, Lightweight, Adjustable Handlebars, Headlight, Adjustable Seat
Included Components1XCharger, 1X‎Electric Bike, 1XTools, 1XBattery

The Heybike Race Max is an electric bike designed for adults, offering a blend of features and value. It’s equipped with a detachable 48V, 12.5Ah battery, allowing riders to travel up to 31-40 miles per charge. The bike is powered by a 500W brushless geared motor, providing a top speed of 21.3 mph. It’s designed with safety and durability in mind, featuring puncture-resistant 27.5” tires, dual lights, and motor inhibitors in the brakes for instant power cut-off during stops. The bike’s lightweight geometry frame contributes to its sleek appearance and makes it less than 52.9 lbs, ideal for city riders. It also includes a 7-speed gear system, front fork suspension, and a large, practical LCD display. The Race Max offers three working modes: a throttle function for riding without pedaling, and three levels of pedal assist.


  • Long-range battery life (up to 40 miles per charge).
  • High top speed of 21.3 mph, suitable for quick commuting.
  • Lightweight design, making it easy to handle and transport.
  • Durable construction with puncture-resistant tires and safety features.
  • Versatile with three working modes and a 7-speed gear system.


  • The price might be a bit high for budget-conscious buyers.
  • Limited color options available.
  • Some users might find the standard seat uncomfortable for long rides.

Expert Quote

“The Heybike Race Max stands out with its impressive top speed and robust aluminum frame, making it one of the most reliable ebikes in its class. Its balance of speed, durability, and lightweight design makes it an excellent choice for both commuting and leisure rides.”

#2. Gotrax R1 20″ Folding Electric Bike with 40 Miles (Pedal-assist1)

Key Specifications:

  • Bike Type: Electric Bike
  • Age Range: Adult
  • Brand: Gotrax
  • Number of Speeds: 5
  • Color: Black
  • Wheel Size: 20 Inches
  • Frame Material: Aluminum
  • Suspension Type: Rigid
  • Special Feature: Portable, Lightweight, Foldable
  • Included Components: Electric Bike, Charger

The Gotrax R1 20″ Folding Electric Bike stands out as one of the best electric bikes under 500 dollars, offering a blend of performance and convenience. It features a robust 48V battery and a powerful motor, enabling speeds up to 20mph. With a battery capacity that supports up to 40 miles on a single charge in pedal-assist mode, it’s ideal for both leisure riding and commuting. The bike’s foldable and lightweight design enhances its portability, making it easy to carry and store. Its 20-inch wheels and rigid suspension cater to a smooth riding experience across various terrains.


  • Affordable price point
  • High battery capacity for extended range
  • Lightweight and foldable for easy transportation
  • Suitable for various terrains


  • Rigid suspension might not be ideal for very rough terrains
  • Limited speed options compared to higher-end models

Expert Quote:

“The Gotrax R1 is a game-changer in the electric bike market, offering exceptional value for its price. Its impressive battery life and portability make it a top choice for both casual riders and daily commuters.”

This bike is a perfect example of how electric bicycles are becoming more accessible and versatile, catering to a wide range of users while maintaining affordability and quality.

#3. ANCHEER 14″ Folding Electric Bike

Key Specifications:

  • Bike Type: Electric Bike
  • Brand: ANCHEER
  • Number of Speeds: 7
  • Color: Blackred
  • Wheel Size: 20 Inches
  • Frame Material: Aluminum
  • Suspension Type: Front
  • Brake Style: Disc

The ANCHEER 14″ Folding Electric Bike is a marvel of modern engineering, seamlessly blending the thrill of an electric mountain bike with the practicality of urban transport. At its heart lies a robust 48V high-speed brushless motor, propelling you to speeds of up to 15 mph with effortless grace. This bike is a testament to mobility and efficiency, equipped with a removable 10Ah lithium battery, ensuring a generous range of up to 30 miles on a single charge. The intelligent LCD display is a window into your journey, offering real-time insights into battery life, distance, and speed. Crafted with an aluminum folding frame, this bike is the epitome of convenience, easily collapsible for storage in tight spaces or transport in vehicles. Whether navigating the rugged terrain of mountain trails or the bustling streets of the city, this bike stands as a versatile companion for the eco-conscious traveler.


  • Dynamic motor offering a blend of power and efficiency.
  • Detachable battery enhances convenience and extends travel range.
  • Ingeniously designed for compact storage and easy transportation.
  • Informative LCD display for monitoring vital ride statistics.


  • Currently unavailable, limiting immediate accessibility.
  • Some assembly may be required, necessitating a degree of technical know-how.

Expert Quote:

“The ANCHEER Folding Electric Bike is a symphony of design and functionality. It’s not just a bike; it’s a statement of sustainable mobility and technological innovation. Ideal for the environmentally conscious rider, it offers a harmonious balance between the exhilaration of outdoor adventures and the demands of urban commuting.”

#4. Jasion EB5 Electric Bike for Adults 

Key Specifications:

  • Motor: 350W Brushless
  • Battery: 360Wh Removable Lithium-Ion
  • Speed: Up to 20 MPH
  • Range: 25-40 miles per charge
  • Display: Upgraded LCD with backlight brightness adjustment
  • Suspension: Front Fork
  • Brakes: Dual Disc
  • Tires: 26″ Puncture Resistant
  • Frame: High-Carbon Steel, Triangular Design
  • Weight: 49.6 lbs
  • Modes: 4 (PAS, Pure Electric, Pedal, Booster)

The Jasion EB5 Electric Bike is a blend of efficiency and style, designed for urban commuters and recreational riders. Equipped with a robust 350W brushless motor, it offers a top speed of 20 MPH, making city commutes swift and enjoyable. The bike’s 360Wh removable battery ensures a range of 25-40 miles, ideal for daily travel or leisure rides. Its upgraded LCD display provides essential data, enhancing the riding experience. The front fork suspension, coupled with 26-inch puncture-resistant tires, ensures a smooth ride across varied terrains. Safety is prioritized with reliable dual disc brakes. The bike’s minimalist design, featuring a lightweight, high-carbon steel frame, adds to its urban appeal while supporting rider weights effectively.


  • Efficient 350W motor for good speed.
  • Removable battery for easy charging.
  • Comfortable riding with front fork suspension.
  • Safe and reliable with dual disc brakes.
  • Lightweight and stylish design.


  • Limited to urban and light off-road use.
  • Battery range may vary with riding conditions.

Expert Quote:

“The Jasion EB5 stands out as an affordable, practical solution for city dwellers. Its combination of power, convenience, and style makes it an excellent choice for modern commuters.”

#5. ANCHEER 500W Electric Bike for adults

Key Specifications:

  • Bike Type: Mountain Bike
  • Age Range: Adult
  • Brand: ANCHEER
  • Number of Speeds: 21
  • Color: Green
  • Wheel Size: 27.5 Inches
  • Frame Material: Aluminum
  • Suspension Type: Front
  • Special Feature: Tall handlebar
  • Included Components: Electric Bike, Charger

The ANCHEER 500W Electric Bike emerges as a top pick among affordable electric bikes. It’s equipped with a 48V 10.4Ah battery, ensuring up to 50 miles on a single charge. The bike’s 500W motor offers robust power, making it ideal for both city commutes and off-road adventures. Its lightweight aluminum frame and lockable suspension fork provide a smooth ride, absorbing shocks effectively. The bike also features a smart color LCD display, showcasing vital ride statistics. This electric bike is light enough for easy handling yet sturdy enough for rugged terrains.


  • Long battery life with fast charging capability.
  • Powerful 500W motor suitable for various terrains.
  • Lightweight and durable aluminum frame.
  • Advanced LCD display for tracking ride metrics.


  • Limited color options.
  • Higher price point compared to some other electric bikes.

Expert Quote: “The ANCHEER 500W Electric Bike is a blend of power, efficiency, and style, making it one of the best electric bikes for those seeking a reliable and exhilarating riding experience.”

#6. Swagtron Swagcycle EB-5 Lightweight Aluminum Folding Electric Bike

Key Specifications:

  • Bike Type: Electric Bike
  • Age Range: Adult
  • Brand: Swagtron
  • Number of Speeds: 5
  • Color: Black
  • Wheel Size: 14 Inches
  • Frame Material: Aluminum
  • Special Features: Electric, Foldable
  • Included Components: SWAGTRON E-BIKE, Charger, Manual

The Swagtron Swagcycle EB-5 combines sleek design with practical functionality, making it an ideal choice for urban commuters. This electric bike is equipped with a robust 250-watt motor, enabling speeds up to 15 MPH and conquering inclines with ease. Its 14-inch air-filled tires ensure a smooth and stable ride, even on uneven surfaces. The bike’s foldable design enhances portability, fitting easily in compact spaces. The height-adjustable seat and handlebar cater to personalized comfort during rides. Additionally, the EB-5 offers the flexibility of a traditional pedal bike with an electric boost option, ensuring a versatile riding experience.


  • Lightweight and foldable design for easy storage and transport.
  • Adjustable seat and handlebar for customized comfort.
  • Capable of handling steep hills and uneven terrain.
  • Dual functionality as an electric and pedal bike.


  • Limited to a 15 MPH top speed, which may not suffice for some users.
  • The 14-inch wheels might be small for taller riders.

Expert Quote: “The Swagtron Swagcycle EB-5 stands out as a versatile and affordable option for city dwellers. Its combination of electric and pedal power, along with its compact, foldable design, makes it a practical choice for the urban jungle.”

This electric bike is tailored for individuals seeking an affordable, convenient mode of transportation for city commutes, running errands, or leisurely rides. Its blend of power, range, and design places it among the best electric bikes for adults in the 500 price range, especially for those looking for an e-bike that balances performance with cost-effectiveness.

Jetson Bolt Folding Electric Ride-On, Easy-Folding, Built-in Carrying Handle

Key Specifications:

  • Bike Type: Ride On Bike
  • Age Range: Teenager, Adult
  • Brand: Jetson
  • Number of Speeds: 1
  • Color: Black 12 Inch
  • Wheel Size: 12 Inches
  • Frame Material: Alloy Steel
  • Suspension Type: Dual
  • Special Features: Portable, Lightweight, Foldable, Rechargeable
  • Included Components: Electric bike, charge/cable
  • Max Range: 15 Miles
  • Motor: 250-Watt

The Jetson Bolt Folding Electric Ride-On is a quintessential choice for adults seeking an affordable and convenient electric bike. With its sleek black design and 12-inch wheels, it’s perfect for city commutes, running errands, or leisurely rides. The bike’s lightweight steel alloy frame, supporting up to 265 lbs, ensures durability without compromising portability. Its 250-watt motor offers a smooth, quiet ride at speeds up to 15.5 MPH. The bike’s foldability and built-in carrying handle make it easy to transport and store, ideal for urban living. The LED headlight and display enhance safety and convenience, while the rechargeable lithium-ion battery promises a range of up to 15 miles, perfect for daily use.


  • Lightweight and easy to carry
  • Foldable design for convenient storage
  • Quiet yet powerful motor
  • LED headlight for safe night riding
  • Good battery range for daily commutes


  • Limited to one speed
  • Small wheel size may not suit all terrains
  • May not be suitable for longer or more challenging rides

Expert Quote:

“The Jetson Bolt is a game-changer for city dwellers. It combines style, convenience, and efficiency, making it an excellent choice for those who value a compact and eco-friendly mode of transportation.”

This electric bike is tailored for people looking for an affordable, practical solution for city commutes and short trips, offering a blend of style and functionality.

Buying Guide: Choosing an Electric Bike Under $500

When you’re in the market for an electric bike (e-bike) under $500, it’s essential to balance affordability with quality and functionality. Here’s a guide to help you make an informed decision:

1. Understand the Range:

  • What It Is: The range is how far your e-bike can travel on a single charge.
  • What to Look For: Seek bikes offering a range that suits your daily commute or typical ride length. For most city commutes, a range of 15-20 miles might be sufficient.

2. Motor Power:

  • What It Is: Measured in watts, motor power determines the bike’s ability to tackle hills and acceleration.
  • What to Look For: A motor around 250-350 watts is usually adequate for flat terrains and moderate hills. Higher wattage means more power but often comes at a higher cost.

3. Battery Life:

  • What It Is: This determines how long you can ride before needing a recharge.
  • What to Look For: Look for lithium-ion batteries, as they offer longer lifespans and better performance. Check the charging time and consider how it fits into your daily routine.

4. Safety Features:

  • What It Is: These are the elements that ensure a safe ride, like brakes, lights, and reflectors.
  • What to Look For: Ensure the bike has reliable brakes (disc brakes are a plus), bright front and rear lights, and visible reflectors. Some bikes also come with additional features like horn or bell.

5. Comfort and Ergonomics:

  • What It Is: This relates to how comfortable the bike is during rides.
  • What to Look For: Adjustable seats and handlebars, a comfortable saddle, and a frame size that matches your height are crucial for a comfortable ride.

6. Build Quality and Durability:

  • What It Is: The bike’s resilience and ability to withstand regular use.
  • What to Look For: Look for a sturdy frame material like steel or aluminum. Check the quality of the tires, and consider puncture-resistant options for city riding.

7. Portability and Storage:

  • What It Is: How easy it is to store and transport the bike.
  • What to Look For: If you have limited storage space or need to carry the bike up stairs, consider a foldable e-bike.

8. Warranty and Customer Support:

  • What It Is: The manufacturer’s guarantee and customer service.
  • What to Look For: A good warranty can be a lifesaver. Look for at least a one-year warranty on major components and check if the manufacturer offers responsive customer support.

9. Additional Features:

  • What It Is: Extra features that enhance the riding experience.
  • What to Look For: Features like a digital display, USB charging ports, or integrated GPS can be beneficial, depending on your needs.

10. Read Reviews and Test Ride:

  • What It Is: Getting firsthand experience and feedback.
  • What to Look For: Read customer reviews and, if possible, test ride the bike. This can give you a real feel for its performance and comfort.

Final Thoughts:

An electric bike under $500 is not just a purchase; it’s an investment in eco-friendly transportation, convenience, and sheer joy. Imagine zipping through city streets or cruising along scenic paths with ease, all while being kind to your wallet and the environment. These bikes blend modern technology with affordability, offering features like robust batteries, efficient motors, and sleek designs. Don’t let budget constraints dim your adventurous spirit. Embrace the future of cycling with an electric bike under $500 – it’s your ticket to an exhilarating, cost-effective, and sustainable ride. Get ready, set, and go electric today!

Our Selection criteria: 

In selecting the best electric bikes under $500, I focused on a blend of performance, value, essential features, and real user reviews. This approach ensures that my recommendations cater to a wide range of needs.

1. Performance: At the heart of my selection process is the bike’s performance. I evaluated motor efficiency, battery life, speed, and ride quality. It’s crucial that each bike performs reliably for daily commutes and leisure rides.

2. Value for Money: Given the budget constraint, getting the most value for your money is key. I chose bikes that offer the best mix of features, durability, and performance without breaking the bank.

3. Key Features: I paid special attention to features that make a significant difference in your riding experience. This includes the range of the bike, the ease of folding for foldable models, weight capacity, and extras like pedal assist and integrated lights.

4. User Reviews: User feedback is invaluable. I carefully read through customer reviews to understand their experiences regarding long-term reliability, comfort, and satisfaction. This helped me ensure that the bikes I recommend have a solid track record of user approval.

By balancing these factors, my aim is to provide well-informed and practical recommendations for budget-conscious, environmentally conscious commuters, and casual riders. I want to ensure that when you invest in an electric bike, it’s not just a purchase, but a dependable, enjoyable, and efficient addition to your daily life.

Can I really get a quality electric bike for under $500?

Absolutely! While electric bikes under $500 may not have all the high-end features of more expensive models, many offer a great balance of performance, durability, and essential features suitable for everyday use.

What should I expect in terms of battery life for electric bikes in this price range?

Typically, electric bikes under $500 come with batteries that can last for 15-30 miles per charge, depending on the terrain, rider’s weight, and riding style.

Are these budget-friendly electric bikes heavy?

They can be slightly heavier than their pricier counterparts due to the materials used. However, many models are still designed with portability in mind.

Can I use an electric bike under $500 for commuting?

Yes, these bikes are ideal for daily commutes, especially in urban or suburban areas. They provide a cost-effective and eco-friendly alternative to traditional transportation.

Do electric bikes under $500 come with a warranty?

Most do come with some form of warranty, but the length and coverage can vary. Always check the warranty details before purchasing.

How fast can a budget electric bike go?

The speed can vary, but most electric bikes in this price range can reach speeds of up to 15-20 mph.

Are there any additional costs I should consider?

Consider potential costs for maintenance, battery replacement, and accessories like helmets or locks.

Can I upgrade components of a budget electric bike later?

Yes, many electric bikes allow for component upgrades. However, ensure that upgrades are compatible with the bike’s specifications.