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5 Best Electric Bikes Under $500

Do you want to add speed and excitement to your life, but budget is the biggest constraint? If yes, why not choose one amongst the best electric bikes under $500.

If you are buying a bike as a beginner, it is better to start with a low-budget bike. Set your hands on it, and get trained. Further, if your pocket allows, buy an expensive bike.

Best Electric Bikes Under $500

In America, people are now moving towards buying more electric bikes. Did you know riding an e-bike has its health benefits? The BMI of an e-biker is 24.8 that is considered normal and healthy by CDC. Therefore, why not buy a low-budget bike for yourself.

The market is full of multiple options. If you are looking for bikes within the range of $500 and below, here are some best bikes for you. We have selected some bikes that will fit your budget.

Best Electric Bikes Under $500: Top 5 Picks

Swagtron Swagcycle Eb-5 With Pedals

SWAGTRON electric bike is one of the best electric-powered commuter bikes under $500. It is the most compact and portable commuter bike available at a budget-friendly price.

Just recharge the 36 Volt lithium battery, and you are good to go for a range of 15.5 miles. With 14 inches wheel size, the air-filled tires are strong enough to take you for long-distance rides.

Features and benefits

  • Lightweight and portable: the bike is lightweight and highly portable. It weighs 37 lbs and has a triple fold design. The pedals, seat, and handlebar are easy to fold, transforming the bike into mobile gear. Carry it with you wherever you go. Its folded size is 15.6X23.6X26 inches. It is possible to store the bike in a compact space when not in use as it is foldable.
  • Adjustable handlebar and seat: the handlebar and the seat have a latch that adjusts them according to the rider’s requirement. The handlebar can rotate up to 360 degrees to provide a secure grip. On the handle, there is a battery indicator that indicates the amount of battery with green lines.
  • Powerful breaks: The auto guard technology helps the bike stop immediately in case of emergency. Be sure that you will not meet with any accident with super-stopping power brakes.
  • Strongly built: it has an aluminum framework strong enough to withstand a weight of 264 pounds. The strong 14 inches wheel provides better traction and offers easy maintenance to the rider.
  • Mileage: with a charge of four to five hours, you can ride your hybrid bike up to 15.5 miles without stopping. Either power assist or pedal the bike; both options are great to keep you going.

Why should you buy it?

The commute bike is one of the best e-bikes as you can buy it for your growing kids. The bike also will grow with them.

It has an adjustable seat, handlebar, and pedal that make the bike perfect for anyone in the house. It provides a mileage of 15.5 miles with a single charge of four to five hours.

Swagtron Folding Bicycle: Swag cycle Pro

All those who want to travel in style and ride pedal-free can buy this electric bike. It is foldable and possesses electric transportation technology.

The bike helps the rider to go up-hill, explore the city, and go for a downhill ride up to an incline of 12 degrees with ease. You can ride at a speed of 18 miles per hour.

Features and Benefits

  • Shock-absorbing tires: the shock-absorbing tires provide better traction and reduce the risk of slipping or meeting an accident. It is a foldable bike with a foldable stem and handlebars. The rare wheel is ten inches, and the front wheel is twelve inches. Take the bike where you go as it is compact and easy to carry.
  • Bluetooth connectivity: You can connect the bike via Bluetooth to your phone. You can then track the distance covered, adjust the speed, get your location, and do a lot more by pairing the bike with Bluetooth.
  • Convenient phone charging: the pro electric bike is available with a USB port to charge the phone with the bike’s battery.
  • Pedal-free riding: ride the bike without sweating and let the throttle do all the work. On the contrary, the bike is available with two pegs that allow the rider to rest their feet. The electric throttle helps ride the bike smoothly for 18 miles.
  • Night ridging the bike is safe: travel with full safety even at night. There is an ultra-powerful light that helps you to see the road clearly and provides a safe ride. The front LED light allows the pedestrians and other riders to know that you are riding the bike.
  • Effortless charging: there are no bulky charging cables that are attached to the bike. It has a charging compartment that helps you store the charging cables after charging the bike’s battery. For an effortless charging experience, this Swag cycle pro is one of the best bikes. It has a 37 volt 4.4 Ah lithium-ion battery. Within four to five hours, you can fully charge the battery.

Why should you buy it?

All those who are night riders and want a pedal-free smooth riding experience can buy this Swag cycle pro electric bike.

With eye-catchy features like Bluetooth connectivity, USB charging port, and safe riding with front LED light, and much more. The disc brakes make the bike easy to ride anywhere on busy streets, uphill, downhill, and more.

Jetson Bolt Folding E-bike

The Jetson bolt is one of the best electric bikes available at a budget-friendly price. For a daily commute, it is the best. With front and rear disc brakes riding the bike is very safe.

A large 14 inches tire provides a smooth ride up to almost 15 miles per hour. With 250 watts hub motor and rechargeable battery, if you drive at the top speed, you can go up to 16mph.

Features and benefits

  • Rechargeable battery: the powerful lithium-ion battery can be recharged in almost four hours and will take you on a non-stop ride of 15 miles per hour. On a single charge traveling long-distances becomes convenient.
  • Robust framework: The bike’s frame uses an aluminum alloy that makes it strong enough to withstand a weight of 250 pounds. It is also lightweight and foldable too, which makes it convenient to store it after use.
  • Strong motor: the bike has a 250-watt engine that helps you ride the bike smoothly without stopping before 15 miles.
  • Dimension: the length is 40 inches X width of 20 inches X height of 37 inches. Its weight is 34 pounds that make the bike highly portable.

Why should you buy it?

The Jetson bike is a perfect unisex bike with a strong motor and framework that can withstand 250 pounds.

This durability makes the bike ideal for everyone in the house. It has an adjustable handlebar that makes the bike easy to carry after use.

ANCHEER Folding Electric Commuter Bike

The robust-looking bike has a removable battery of 36 volts, 8Ah lithium-ion battery that you can easily change by removing it from the bike.

Its large 16-inch tires make it strong, long-lasting, and help provide better traction. The bike is highly efficient and safe as disc brakes back it. Adjustable seat, handlebar, and pedals make it a foldable gear.

Features and benefits

  • Highly adjustable and foldable gear: the hybrid foldable equipment has adjustable seat height, handlebar, and a collapsible design that makes the user use the bike according to the requirement. Store it in the car, carry it while traveling, and take it with you wherever you go.
  • Long-distance traveling: with one single charge, the rider can go up to 15 to 30 miles. It has a strong 36-volt lithium-ion battery. If the rider is riding on electric mode, then he/she can cover a range of 15 miles and, using an assisted method, then can go up to 30 miles.
  • Small LED SCREEN: the bike has a screen that helps the rider switch on the bike with a power button. There are plus and minus buttons, which increase and decrease the speed according to the trail. The rider can easily use the throttle to control the speed if he/she is tired of peddling.
  • Safety bell: the commute bile comes with a bell that signals the other riders and pedestrians that you are around. The disc brakes also add to the safety of the rider.
  • Robust framework: it has a carbon-steel framework that is strong enough to withstand a weight of 220 pounds. Its weight is 37 pounds that makes the bike a lightweight gear.

Why should you buy it?

If you are looking for all-in-one comfort, then the ANCHEER Commuter bike is for you. It has large double-layer alloy wheels that help to ride the bike on any terrain.

With 8Ah removable battery charging, it is very convenient. A minimum charge of 5 hours will take you to 30 miles per hour ride. For a pedal-free experience, this bike is perfect.

Macwheel Electric Bike

The Macwheel electric bike will fit your budget and make you fall in love with e-bikes not only with their looks but also with their quality. It is one of the best electric bikes under $500 because of its sturdy frame. It has a 250-watt motor, with a top speed of 15.5 miles per hour.

The bike uses 36 volts, 7.5 Ah batteries that integrate seamlessly into the frame tube. The horizontal design of the bike gives it a very streamlined look.

Features and benefits

  • Portable: the battery is not removable, but the bike is highly portable. The foldable stem makes the gear easy to store and convenient to transport.
  • Safe and adjustable: dual disc brakes ensure the rider’s safety, especially when riding on a rainy day. Fenders on both the large 16 wheels help the wheel stay neat safe from dust and debris. It also has a bell to inform the riders about you riding the bike. For ensuring better safety, the bike has a headlight to make night rides fun and safe.
  • Aerodynamic design: the design of the frame is stylish and perfect for youngsters. The orange cold gives the bike a 3D effect.
  • Three different riding modes: pedal assist, traditional, and electric mode, are present to make the ride smooth and non-tiring. The conventional way helps you combine the road bike’s efficiency and the comfort of a flat handlebar design. It gives the rider the confidence to ride smoothly by choosing any mode of riding.
  • LCD: it is one of the most attractive features of the bike. It helps the rider know when to recharge the battery or a smooth ride.

Why should you buy it?

It is one of the most popular commute bikes, which is highly adjustable. It is perfect for tall and short-height people as you can adjust the seat from 26 inches to 38 inches. Three different modes to choose from gives the rider the freedom to ride stress-free and sweat-free.

Buyers Guide For The Best Electric Bikes Under $500

Needs and requirement

It is always better to consider your requirement as different bikes cater to different people. What do you need it for? Is it for daily commuting or for chilling out with friends on weekends? Understand your needs and then go for selecting an excellent electric bike. You cannot miss some features: comfort, framework, disc brakes, motor power, battery, and more are essential to consider.


Choose a battery that is above 300 watts and above is always better. It will give you more power to ride on different terrains smoothly. Moreover, the one-time charge will help you ride the bike for almost 15 miles per hour.

Adjustable seat, handlebar, and stem

A bike that you are investing your hard-earned money in must be adjustable. If the bike has an adjustable seat, it will be great for short and well as tall people. An adjustable handlebar helps you control the cycle with ease. It will also be perfect for people who have short and long hands.

Handlebar and Controller of Electric Bikes Under $500

Safety features

Before buying an electric bike, ensure it has disc brakes and a front LED light to ensure your safety.

LED light helps the rider to ride without worrying in the night. A bell on the handlebar is also useful as it allows the pedestrians to know that someone is riding the bike nearby.

Strong framework

A bike with a carbon steel or aluminum framework is always better as it becomes durable and can withstand a weight of more than 250 pounds.

Different riding modes

An e-bike with different modes like pedal assist, tradition, and throttle assist is always better. It will depend on the rider what he/she requires while riding on diverse terrain. Engaging in a twist or a thumb throttle will help the rider ride the bike without pedaling.

Frequently Asked Question

Is it reasonable to invest in an electric bike?

Not everyone can afford a car. But, affording an electric bike is possible for all. It helps you save a hell of a lot of money. It is not only an excellent investment for health but the environment. As you know, a car emits a lot of CO2 that is not good for the environment. But with an electric bike, there is no fear of harming the environment.

What is the essential feature to consider while buying an e-bike?

When buying an e-bike, it is essential to look for something that fits well in the budget and is highly comfortable. Look for the padded seat as it helps the rider to ride the bike for long distances. Also, don’t ignore the bike’s performance, battery capacity, charging time, and durability.

Written by Lee Hill

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