Top 7+ Electric Bikes under $500 in 2023 | How to Choose a Best E Bike Under $500 ?

If You Are on a Low Budget of $500 and Searching for the Best Quality Electric Bike, Then Do Not Worry.

Here is the End of Your Searching for the Best Electric Bike Under $500, as I Tested More Than 17 Electric Bike.

Here are the 7+ Best Electric Scooters Under $500, Which We Select by Going Through the Real-life Testing and Sharing the Practical Experience.

Here All the Electric Bikes Come With Advanced Features, Attractive Designs, and Durable Build Quality.

We Always Try to Choose From Reputed Brand So You Don’t Have to Worry About Repair and After-service, So if You Are Thinking About Selecting a Good Electric Bike for Daily Use Purpose Then You Can Select Any of Them Below After Checking Their Review and Required Specifications According to You.

No.ProductsPrice List
1Gotrax Alpha XL (Affordable)Check Now
2SWAGTRON Swagcycle EB-5 (Best In Class)Check Now
3Ancheer 500W Electric Bike (Durable)Check Now
4Engwe T14 Folding Electric Bike (Compact)Check Now
5DYU S2 E-Bike (Unique Design)Check Now
6ANCHEER AN-EB5 Plus Electric (Best Commuteing)Check Now
7NAKTO Electric Bike (Premium)Check Now

Our Clear Budget Winner is Gotrax Alpha XL, Which is a Friendly Price Without Cutting Any Quality and Provides Premium Features for a Comfortable and Durable Ride.

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Gotrax Alpha XL

Affordable & Performance, It Impresses Me With The Specification and Price of this Ebike.
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7 Best Electric Bikes under $500 | Affordable E-Bikes in 2023

Here is a Detailed Guide to Using the Best Electric Bike That Will Hold Your Hand for a Long Time and Provide You the Maximum Performance and Specification Under Your Budget.

Best Electric Bike under $500

Electric Bikes Are One of the More Convenient Methods of Personal Transportation, Which is Easy and Reliable to Commute for Daily Ride and Now Electric Bikes Come With All Advanced Features and an Affordable Price Range.

With Best in Class Battery and Motor That Provide You Promising Performance Get Around These Days With the Eco-Friendly Travel Option With These Energy Efficient E-Bikes That Leads You Towards a Healthy Lifestyle.

Gotrax Alpha XL (Value for Money)

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  • Max Speed – 20 Mph
  • Range – 26 Miles
  • Max Rider Weight – 265 Lbs
  • Brakes – Disc
  • Wheel Size – 29 Inch
  • Bike Weight – 50.9 Lbs
  • Motor Power – 350 Watt Hub Motor
  • Speeds – 7 Speed Shimano Tourney

A Light Off-roader and Best for Daily Commute Gotrax Alpha Xl Comes With a 29-inch Wheel That Allows for Short Mountain Rides With Its Mountain Bike Tires, is a Best Option if You Are Looking for a Best E Bike Under $500.

It is Fun to Ride an Aluminum Frame Body That is Lightweight and Always Ready to Get Into the Dirt or Smoother Trails, for the Review I Purchase This Bike and After a Quick, Unboxing Take It Outside for Real-life Testing.

With the Maximum Weight Capacity of 265 Lb, It Was Fun to Ride With a 350-watt Motor With Pedal Assist That Can Hit the Top Speed of 20mph and Give a Real Life Range of 18 to 20 Miles.

When It Comes to Battery Then It is the Best Part Where You Can Remove the Battery by Unlocking With the Key and Take It to Your Home to Charge It, Which Roughly Takes Around 4-5 Hours for Full Charge.

It is an Impressive Bike Where You Get Shimano 7 Speed, Little Bit Off Roading Capability, While Disc Mechanism, and LED Lights That Make the Bike a Complete Package for You.

Overall It is a Great Bike With Decent Features Which is Best for Daily Commute, Little Bit for Dirt Roads, or Light Off-road Usage for Extra Fun.


  • Comes With a Removable Battery
  • Easy to Use & Comes With Pedal Assist
  • 29 Inch Wheel for a Smooth Ride
  • Stylish and Lightweight
  • Available in 2 Beautiful Colors
  • Impressive Braking With Dual Disk
  • Bright Light for the Better Visibility at Night


  • The Seat is a Little Bit Hard
  • Not for Heavy MTB Riding

Swagtron Swagcycle EB-5

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  • Aluminum Alloy Frame
  • 14-inch Tires
  • Caliper Brakes
  • Optional Cargo Rack
  • Best for City Commutes

A Compact Size Electric Bile With 14-inch Tires, Impress Me All the With Its Specs and Features That It Offers Under $400, So I Order It for the Review and the Results Are Pretty Good, Force Me to Put the Bike in the Second Position.

It is a Light Weight E-Bike From Swagtron, Where You Get a Robust 250-watt Motor That Produces at a Top Speed of 15 Mph Which has a Range of 15 Mph With 5 Speeds.

It is a Foldable Electric Bike Where You Can Remove the Battery and Charge Anywhere With the Swapping Technology. It is a Lightweight Electric Bike That You Can Easily Carry in Your Hand After Folding It Takes Less Than a Minute.

It is a Semi-fat Bike Available in Three Different Colors, Which is Perfect for Daily Commute.

So if You Have a Small Height and Looking for a Short Electric Bike Then This Will Never Disappoint You According to Its Price.


  • Adjustable Seat Height
  • Folding Electric Bike
  • Compact and Easy to Carry
  • Removable Battery
  • Light Weight


  • Not Best for 6 Feet Guy

Ancheer 350/500w Electric Bike

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  • Max Speed – 20 Mph
  • Range – 22-40 Miles
  • Max Rider Weight – 250 Lbs
  • Bike Weight – 53 Lbs
  • Motor Power – 350 or 500 Watt Hub Motor
  • Speeds – 24 Speed Shimano Altus
  • Brakes – Disc
  • Wheel Size – 27.5 Inch

If You Are Looking for a Low-Cost E-Bike That Will Fulfill Your Daily Need of Commuting and Also the Power of Mountain E-Bike, Then This Bike Will Never Disappoint You With Its Power and Features.

I Purchase the 500 Watt Motor Powered Bike Where I Get Shimano 21 Speed Gears With the Top Speed of 20mph, Where It Produces 73 Nm Torque to Climb Any Surface With the Powerful Motor.

It Comes With an Advanced 499wh /48v 10.4 Ah Battery That Takes Only 3 to 4 Hours for a Complete Charge With Fast Charging Technology and With the Bms Battery Production Mechanism.

I Take It on Different Roads and Mountains but It Never Disappoints with the Power and Sturdiness, Where I Get Front and Rear Disc Brakes for Full Control of the E-Bike.

Also, the Colorful Display is Good Enough Where You Get All the Information About the Battery, Speed, and Other Details.

Talking About the Pedal Assist, It Works Pretty Well and Activates Only in a Few Rotations, and the Lock Key Protects From Being Stolen.

Overall It is a Great Package That I Can Recommend to Everyone, Who Looking for the Best Commuter or MTB Under $500.


  • Overall Good Package
  • Multiple Cost Images Available
  • Removable Battery
  • 21 Speed Gears
  • Best in Class
  • Long Range


  • Brakes Could Be Better
  • Front Suspension Needs Improvement (on the Soft Side)

Engwe T14 Folding Electric Bike

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  • 14-inch Tires
  • Front and Rear Lights
  • Triple Shock Absorber
  • Best for City Commutes, Night Rides, Limited Storage

Another Small Bike That Impresses Me With Its Price to Specs Ratio is Engwe T14 Folding Electric Bike. It is a Great Daily Computer That Comes With Advanced Performance With a Small Package for you to Get a 350w Rear-mounted Motor.

The Bike Produces the Throttle That Touches the Top Speed of 20mps and Easily Covers 20-50 Miles With Pedal Assists With the 480 Wh Battery.

Due to Its Compactness, You Can Easily Fold It and Put Any Small Space You Can Take Anywhere for Travel From the Back Side of Your Truck or Car.

It is Available in Two Different Colour Where You Get One Year Free Warranty and the Seat Height Adjust Impress Me by Providing a Clean and Comfortable Right With Proper Controlling.

While Testing It at Night It Will Never be Disappointed With Its Powerful LED Light and Also You Get an LED Display for You to Get All the Basic Information About Speed and Battery Charge.

Overall It is a Great Package With Durable Build Quality and Impress With Portability Which is Best in Class for Daily Rides, Night Ride, or Cruising.

Dyu S2 E-bike

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  • Aluminum/carbon Steel Frame
  • 10-inch Tires
  • Dual Suspension
  • Dual Disc Brakes
  • Front and Rear Lights
  • Best for City Commutes, Night Rides, Urban Rides

A Compact Small Size Electric Bike Best for the Short Riders Looking for a Portable and Lightweight Electric Bike Under Their Budget.

The Dyu S2 Comes With a 240w Brushless Motor That Produces at a Top Speed of 15 Mph and Up to 37 Mile Range With the Electric Assisted Mode.

It Comes With a 360 Wh Lithium-ion Battery Which You Can Carry to Charge Anywhere, It Also Packed With Dual Suspension, Dual Braking System, Led Lights and Other Essential Features That Make the Bike Perfect for the Short Rider.

So if You Have a Low Height and Looking for a Daily Commuter, Then This Compact While Will Never Disappoint You With It Compactness and Durability Features.

Ancheer AN-eb5 Plus Electric Commuter Bike

Ancheer AN-eb5 Plus


  • Dimensions: 41.34x 29.53x 9.06 Inches
  • Weight: 39.7lbs
  • Color: Black/white
  • Wheel Size: 12”/14”
  • Brake Style: Disk
  • Frame Material: Steel
  • Motor Wattage: 350w/500w

If You Are Looking for a Budget Electric Bike With Great Performance Along With a Catchy Design, Then the Ancheer an-eb5 Plus Offers you All the Best Quality Features Under Your Budget.

While Testing This Bike, It is Easy to Ride and Lightweight That Impress Me All the Way and I Folded it by Putting it in the Back Side of My Truck to Travel. Impact With Powerful 500w Motor, Top Speed of 19.5 Mph With the 48v 7.5ah Determine Battery.

For the City Ride, It Comes With Cruise Control for a Comfortable Ride and Maintenance Atten Speed Where It Carries Up to 250lbs of Weight With Ease.

So if You Are Interested in a Small and Folding Electric Bike That Comes With Power Packed Performance, Advance Technology, Dual Disc Brakes, and Waterproofing, Then This Bike Will Never Disappoint You.


  • Sleek Construction
  • Premium Materials
  • Amazing Foldability
  • Lightweight
  • Great Pricing
  • Incredible Mileage
  • IPX5 Waterproof Design


  • No Suspension

Ride1up TURRIS

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  • Max Speed – 28 Mph
  • Range – 25-45 Miles
  • Max Rider Weight – 300 Lbs
  • Bike Weight – 49 Lbs
  • Motor Power – 750 Watt Hub Motor
  • Speeds – 7 Speed Shimano Altus
  • Brakes – Disc
  • Wheel Size – 27.5 Inch

So if You Have a Budget of $1000 Then I Will Suggest You Go With This My Personal Favorite Bike That Comes With All the Advance Features and Provide the Best Quality Real Life Experience to Make Your Ride Smooth and Enjoyable.

It is Easy to Cornering and Take Cuts in the Traffic of Us Road Where I Get Confidence of Easy Breaking With the Dual Disc Brake and the Kenda 27.5 Inch Tires Never Miss the Grip Of the Road.

With the Top Speed of 28 Mph, It Provides a Range of 15-45 Miles, With a Powerful 750 Watt Rear Hub Motor. From Beach to Mountain Ride I tested in Every Condition for It Provides Good Acceleration and Easily It the Top Speed With the 7 Speed Shimano Gears.

The Impressive Design, Multiple Customization Options, and the Comfortable and Fast Riding Experience With the Great Cornering Help Me to Suggest This Bike in This Post if You Have Certain Budget Then You Can Definitely Go With This Bike.


  • Great Power With Performance
  • Clean and Clear Look
  • Comfort Ride
  • Powerful Motor and Easy Acceleration
  • Dual Disc Brake
  • Lightweight and Easy to Control


  • Loud and Noisy Motor
  • Light Setup Could Be Better

Nakto Electric Bike

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  • Motor: 36v 250w Brushless Rear Hub
  • Wheel Size: 26”
  • Battery: 36v 10ah Lithium-ion
  • Top Speed: 20mph (32km/h)
  • Range: 35 Miles (55km) Max
  • Weight: 40lbs (18kg)

A Simple Yet Powerful Electric Bike That Packed With 250w Speed Brushless Gear Motors, That Produce a Top Speed of 20mph With a Range of 35 Miles.

It Comes With Shimano 6-speed With a Removable 360wh Lithium Battery That Charge Within 4 Hours With Fast Charging. While Testing It on the Road It From With Great Performance That Makes It Perfect for Daily Commute for Both Male and Female.

The Multiple Customization Options will Help You to Choose the Best One According to Your Budget and Allow You to Ride at Night Time With Powerful Lights, Also the LED Display Indicates All the Battery Levels, Speed, and Other Basic Details.

Why I Like

Okay There is No Disc Brake, Which is Not a Deal Breaker, but Overall Performance and Design Language Impress Me All the Way as It All Guy and It is Better Than All the Mopeds That Are Available Under $500, That Help Me to Suggest You This Big Machine Towards You.


  • Stylish Design
  • Lightweight Build
  • 4-hour Fast Charging
  • Removable Battery
  • Shimano 6-speed Transmission
  • 3 Riding Modes (Including Throttle)


  • Outdated V Brakes

Electric Bike Guide: How to Choose Best Ebikes Under $500

When You Have a Small Budget Like $500, Then Finding the Best Quality Electric Bike is Really Hard, Where You Have to Compromise on Either Speed or Build Quality or Durability.

To Provide You with Better Quality Service and Review I Try to Add My Practical Experience Rather Than Putting the Technical Specification in Front of You, So You Can Also Check From the Above Post to Find the Best Electric Bike for Yourself.

But Don’t Worry We Tried Our Best and tested Different Ebikes, and Listed in the Post, but Yes You Have to Make Sure to Find What is Primary Need, Whether It is Speed or Commuting Daily From the Home to Office or Working Place or for the Enjoyable Ride Around the Town.

Also Below are the Steps That You Have to Keep in Mind While Choosing the Best Electric Bike for Yourself.

Build Quality, Weight, and Portability

Make Sure to Focus on the Build Quality of Your Bike, Whereas the Majority of Electric Bikes Come with Aluminum, Steel, and Carbon Fiber Body.

Aluminum is the Best Option Above the Three Where You Have the Best Quality With Lightweight in Nature That Will Help You, Write Your Bike Comfortably and Also Lightweight All Help You to Carry Your Bike Easily in Transport, Making it Super Portable.

Motor Power

Under the Price Segment of $500, Majorly You Got 250 to 350 Watt Motor Where It Produces Enough Power According to the Price, Which Will Help to Increase the Speed of Your Bike With Maximum Throttle and Acceleration.

So Check the Best Quality Motor, and the Warranty on It to Avoid Uncertain Issues.

Battery Size and the Brand

Battery is the Major Concern When You Choose an Electric Bike, With a Budget of $500, You Will Get a Lithium Battery Which Is the Best in the Market, and the Discharging Mechanism is Pretty Well Compared to Other Batteries.

Battery Plays a Great Role to Increase the Weight of the Ebike, So Make Sure to Check the Battery Quality and Warranty of Your Ebike.


Off Roading is in Your Mind Then Checking the Suspension on Quality is an Important Factor, That Makes Your Journey More Comfortable. The Suspension Helps to Absorb Impact From Rough Terrain by Providing Proper Stability and Control to the Rider.

So Checking the Suspension Quality is a Big Concern While Choosing a Bike for Off Roading.

Brake Type & Safety

I Always Promote Safety, No Matter What Type of Rider You Are, Always Use the Proper Gear Before Going to Ride, So There Are Different Types of Brake and the Most of the E-Bikes Are Comes With Traditional V-brakes, Mechanical Disc Brake and Hydraulic Brakes.

The V-brakes do Not Work Properly, When Your Bike Go to Wet and May Be a Reason of Not Proper Stopping, So Choose the Best Break That Allows you Stable and Proper Control of speed.

Electric Bike Faq

How to Choose the Best Electric Bike Under $500 ?

By Going Through the Steps Will Help You to Choose a Better Quality and Good Performance Ebike Under Your Budget.

Some of the Steps Are:-

  • Find Your Requirements
  • Set a Budget
  • Choose From Reputed Brand
  • Check the After Sale Service & Support

The Above Four Steps Will Help You to Choose the Best Electric Scooter Under Your Budget.

What Are the Benefits of an Electric Bike?

By Getting an Electric You Will Put a Step Towards Eco-Friendly Revolution in the Global Transportation.

There Are Several Benefits of Having an Electric Bike that are Beneficial for Both You and for the Environment, Some of Them Are:-

  • No Need to Worry About Daily Fueling or Invest Time on It.
  • Compared to a Car or Other Vehicle It Comes With a Cheaper Price for Daily Commute.
  • No Need to Stand in the Heavy Traffic
  • Allowed to Ride Faster Compared to Traditional Bike
  • You Can Still Use It for Weight Loss or Exercise Purposes

Is It Worth Getting an Electric Bike?

If You Daily Commute From Your Home to your Office Then Getting an Electric Bike is Totally Worth It Where You Save Lots of Money Compared Spend on a Car. The E-Bike is Also Cheaper Than the Other Transportation Mediums.

What Are the Disadvantages of Electric Bikes?

Yes, There is Obviously a Few Disadvantages Along With Multiple Advantage, So Below Are the Form Disadvantage of Having an Electric Bike.

The Biggest Thing That I Hate in an Electric Bike is the Replacement of the Battery After a Few Years.

Electric Bikes Are Costly Than the Regular Bikes Available in the Market.

Many Cities in the US have a Few Laws for E-Bike on the Road, So Make Sure to Follow the Laws.

How Long Does an E-Bike Last?

The Build Quality of an E-Bike is Similar to Conventional Bike, So It Last as Long as a Conventional Bike and Depends on You, How Much You Take Care of It, but Yes, You Have to Replace the Battery After a Few Years or a Few Miles of Riding (10k to 25k Miles)

Do I Need to Wear a Helmet When Riding an Ebike?

It is Not About the Law, It is About You, So No Matter What Bike You Drive Always Make Sure to Wear Helmets and Other Safety Gear for Proper Safety While Riding.

What’s the Best Electric Bike for the Money?

I Personally Recommend You My Two Favorite E-bikes Which I Got While Reviewing All the Best Bikes Under $500, and Those Are the Gotrax Alpha Xl (the All-rounder) and the Ancheer 250/500 Watt – the Powerful One.

How Fast is a 500w Ebike?

After Testing a Lot of E-Bike While Working on This, I Found that Mostly Provide a Top Speed of 20mph or 28mph Depending upon Your Weight, Road Condition, and Control, but Yes Here is the Rough Idea.

How Fast is a 1000w Ebike?

Of Course the 1000w Ebike Produce More Power and Provide More Top Speed Bat According to the Law for E-bikes, These Are Limits to the Same Like 20mph or 28mph Only.

My Final Thought (Conclusion)

I Tried My Best to Find Out All the Most Asked Questions and Answer Them as Per My Knowledge and Practical Research by Spending a Lot of Time With These $500 E-bikes.

So if You Have Any Doubts or Queries Then You Can Ask in the Comments and I Will be Happy to Clear Your Doubts.

Yes, It is a Little Bit Difficult to Find the Best Electric Scooter at the Price of $500 but Me and My Team Go Through Deep Research and Spend a Lot of Time to Bring the Best Quality and Performance and Put All the Results in Front of You.

So That’s It From My Side If You Searching for More Electric Vehicles, Then Also Visit Other Parts on This Site Where I Love to Share Information and All Content.

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