Top 10 Best Electric Bikes Under 500$ for All – 2024 | Buyer’s Guide

Gone are the days when you pedaled your bike on a sunny day to go anywhere. Electric bikes are not far behind in 2024, where we are blessed with many useful things that have made our lives easier. These are becoming famous means of transportation that are cheaper than driving a car and are also ideal for saving time, fuel, and money.

The market is flooded with electric bikes now, but many of them are a bit pricey. So, it’s a confusing task to choose best for you, especially when you are planning to get your first e-bike. You can get some cheap bikes too, but not all of them are worth buying. So, we’ve made a trustworthy list of the 10 best electric bikes under 500$, which you can go for without any doubt. 

Let’s discuss them all!

List of Top 10 Best Electric Bikes Under 500$

  1. Shaofu Folding Electric Bike 
  2. Speedrid 26″ Electric Bike
  3. Ancheer Folding Bike 
  4. Swagtron Folding-Bicycles SwagCycle Pro Black 
  5. Jeston Bolt Electric Bike 
  6. Hiboy P10 Folding eBike
  7. Sailnovo Y1-14 14″ Electric Bike
  8. ECOTRIC Vortex Electric Bike 
  9. CLIENSY 26″ Electric Bike
  10. ENGWE Electric Bike 

#1. Shaofu Folding Electric Bike 

(Best Overall Electric Bike)

If you are looking for an inexpensive bike with the overall best performance and high-quality specifications, then you can find it in Shaofu Folding Electric Bike!

This amazingly marvellous product has no match because it is equipped with a 350W motor to support you during distant rides. It has a very supportive Lithium-ion battery with a smart charger that provides a 36V; 8Ah power which requires only 3 hours for complete charging. The battery is removable so that you can easily fold the bike whenever you need.

Its incredible motor and battery assist the rider to go up to 25-50 km away. The frame is also ultra-durable because it is made up of aluminum with an overall weight of 12kg or 26.45 lbs. and its dolphin style makes it classier. It has a wheel diameter of 12″ and rear disc brakes that give high stopping power. 

Moreover, the bike contains an extra safety mode with headlights that gives high visibility and indication during the night rides. It has an app support system to connect to Bluetooth. Its IPX5 water resistance and one-year warranty make it worth buying!


  • 25-50 km range 
  • 350W motor power 
  • 265 lbs load capacity 
  • Motor and battery warranty
  • Water resistance


  • Not suitable for rough terrain
  • Fixed handlebars 

Best Overall Electric Bike

#2. Speedrid 26″ Electric Bike

(Best Affordable Bike for Adults)

A flexible electric bike under 500$ is known as Speedrid 26″ to guarantee the most comfortable ride and all quality features, reliable and sturdy!

This perfectly made e-bike has a 250W rear hub motor with a high acceleration of 15-17mph. Its Lithium-ion battery with a smart charger gives a battery power of 36V; 8Ah that is enough to cover 15 miles on throttle mode and 30 miles on pedal-assisted mode.

Its Shimano 21-speed transmission system makes it more unique among the riders because it helps climb efficiently with 5/6 speed gears. It is equipped with a dual mechanical disc braking system to give the rider an extra level of protection. This bike has a wheel diameter of 26″ that gives ultra-stability, and this becomes 2X with its durable Aluminium frame. This fast commute has a load capacity of 330 lbs with a total body weight of 43 lbs. 

Additionally, the bike has an Aluminium seat tube with a seat height of 32.6″-38″, handlebars, high-steel carbon front fork, a smart meter button, bright LED lights for indication, and an adjustable height feature. Its three working modes and high security make it extraordinary!


  • 15-30 miles range 
  • 250W motor 
  • Easy assemblage 
  • 3 working modes 
  • 36V battery 


  • Prone to damage 
  • Some battery issues

Best Affordable Bike for Adults

#3. Ancheer Folding Bike 

(Best Folding Electric Bike)

If you are searching for a folding e-bike that costs less and provides you with high portability with maximum efficiency, then Ancheer is here in the market!

The amazing specification of this product includes a high-power motor of 350W that is sufficient to give a maximum acceleration of 15-17 mph. It’s incredible 36 V power Lithium-ion battery covers a maximum mileage for a perfect day trip of 15-30 miles with 3 hours single charge timing.

It exceptionally carries a large load of 265 lbs with a net weight of 36.2 lbs. Ancheer has a wheel size of 12″. It has a smart design with a dolphin shape and has Bluetooth connectivity that allows the rider to control the riding smartly. The IPX5 water-resistant bike has rear disc brakes that give extra stopping power even on slippery roads to avoid accidents. It has an aluminum frame that makes it more unique and sturdier in working. 

The additional features of the bike include 21-speed shifting, 1year warranty, 85% already assembly, 3 working modes, Al-alloy seat tube, accessory kit, and a smart charger. So, what could be better than this!


  • 350W motor 
  • 15-30 miles range 
  • 265 lbs load capacity 
  • Assembled
  • Foldable and portable


  • Uncomfortable seat 
  • Not perfect for climbing

Best Folding Electric Bike

#4. Swagtron Folding-Bicycles SwagCycle Pro Black 

(Best Tech-Friendly Electric Bike)

Swagtron Folding-Bicycle is a pro-featured bike with a classy look that lets the rider ride in a unique and comfortable style!

The swagCycle pro is such a high-performance bike because it is equipped with a 350W motor that is powerful enough to give a peak acceleration of 18mph and perfect to climb mountains efficiently up to 12° inclination.

Incredibly, it has a 37V; 4.4Ah Lithium-ion battery that amazingly covers the maximum mileage of 15.5 miles with a single charge of almost 3-4 hours. It has a net weight of 30.4 lbs or 13.8 kg and has an exceptional load capacity of 264 lbs or 120 kg. The ideal pro version contains a dual-disc braking system that assists in stopping immediately during an emergency. The front and the rear wheels are different sizes, with a front diameter of 12″ and a rear diameter of 10″ The frame is sturdy and excellent in strength because it is made of Aluminium. 

Moreover, the bike is made for different skill levels, LED lights for enhanced visibility, app control and connectivity, handlebars and stem, charger, and specific for the road. Its high portability increases its worth!


  • 350W motor 
  • 15.5 miles range 
  • Lithium-ion battery 
  • 264 lbs load capacity 
  • Integrated USB port


  • No suspension 
  • Road specificity 

Best Tech-Friendly Electric Bike

#5. Jeston Bolt Electric Bike 

(Best Affordable Electric Bike for Kids)

If you want to add adventure and thrill to your ride with a bike of high-folding capacity and which proves secure for your kid, then Jeston Bolt is available in your near market!

This marvelously appealing electric bike has a motor power of 250W, which gives a maximum acceleration of 16 mph. It has a Lithium-ion battery that gives a peak capacity of 36V; 6Ah that is enough to cover a high coverage of 15 miles after the complete charging of 5 hours. The high-quality bike can climb the hills with a 15° inclination, and its Aluminium frame gives the bike the strength to move more efficiently.

Jeston is equipped with dual disc brakes that assist in stopping even on slippery roads. The product has a total weight of 40 lbs. and has a maximum load capacity of 250 lbs. The bike’s wheel size is 12″ that gives an ideal height to the kids, and absorbs all the shocks.

Additionally, this product is excellent to accommodate all skill levels, 1-year warranty, LED highlights for increased indication, charger, pedal, handlebar, and seat. Its portability and lightweight foldable specification make it awesome!


  • 250W motor 
  • 15° inclination 
  • 15 miles range
  • 36V; 6Ah battery 
  • 1-year warranty 


  • Battery fitting is not standard 
  • Poor battery life

Jeston Bolt Electric Bike

Jeston Bolt Electric Bike

Best Affordable electric Bike for Kids

#6. Hiboy P10 Folding eBike

(Best E-Bike for Range)

If you are searching for a bike that gives you a high range and a good capacity to go beyond the limits of the horizon, then Hiboy P10 Folding eBike will give you an affordable package!

The incredible phenomenon article has a rear-mounted motor with the power of 350W that gives a high acceleration of 15.5 miles/hour. It is perfect for climbing mountains with a 15-degree angle, which is amazing for an electric bike under 500$. To maintain the balance of the bike is equipped with the ideal wheel size of 14″ that gives a suitable height to the rider for a comfortable distant ride.

The front and rear disc of it helps in giving a high stopping strength. It has an unremovable Lithium-ion battery that covers a single charge mileage of 18.6 miles. The three working modes enable the rider to save the battery during the long journey. 

The other features of Hiboy include a comfortable daily commute, a head and tail light for high visibility and security during the night rides, and a comfortable seat. Its elegant and smart design makes it more appealing for buyers!


  • 350W motor 
  • 18.6 miles range 
  • 15.5 mph speed  
  • High stopping power
  • Good battery design 


  • The battery cannot be removed
  • Charging is tricky

Hiboy P10 Folding eBike

 Hiboy P10 Folding eBike

Best E-Bike for Range

#7. Sailnovo Y1-14 14″ Electric Bike

(Best E-Bike for Adults)

If you are an adult and want to add fun to your ride and make your daily commute the most comfortable, then you can get it from Sailnovo Y1-14 14″ Electric Bike!

This premium e-bike model has a rear hub motor that gives 350W power that is pure enough to accelerate 18.6 mph in an electric model. It is equipped with a 36V; 10.4 Ah Lithium-ion battery that takes the rider up to 25-28 miles after a single charge of 5 to 6 hours. The unique and convenient ride has a maximum load capacity of 265 lbs or 120 kg.

The product has air-filled tires with an ideal diameter of 14″ and a rear and front dual disc braking system that gives extra stability and stopping strength and the central shock absorber. Its foldable frame and IP54 water resistance make it more durable. The tail and the headlights are equipped to give high visibility during the night rides. 

Moreover, the article contains an upgraded saddle, 7-gear speeds, three functional modes, net weight 55 lbs, LCD, and adjustable seat-post. It’s an Aluminium frame, and perfection for adults makes it worth buying!


  • 350W motor 
  • 25-28 miles range 
  • 265 lbs load capacity 
  • 3 working modes 
  • 14″ tire diameter


  • Air-filled tires 
  • Folding is tough

Best E-Bike for Adults

#8. ECOTRIC Vortex Electric Bike 

(Best for Efficiency)

Ecotric vortex is one of the most efficient electric bikes that give you an extra powerful ride during the daily commute!

This amazingly appealing e-bike contains a 350W brushless rear motor that gives an average acceleration of 20 mph, mainly depending on the rider’s weight. The model is equipped with a removable Lithium-ion battery that gives a battery power of 36V; 12.5 Ah that covers a maximum mileage of 18-20 miles one-mode and 35-37 miles on pedal-assisted mode after 6-8 hours charge.

With a net weight of 51 lbs, it can carry a load of 265 lbs.

It has Shimano 7-speed gears, and for advanced security, it has a battery and power lock function and an ABS plastic box. The mechanical braking system is perfect for supporting the rider in the hardest terrains. The frame is highly comfortable, with an ideal length of 68.5″ and a very easy assembly.

The additional components of the product include 26″-wheel size, UL certified according to safety standards, anti-slip wear resistance tires, power display, 18 months warranty, pedal-assisted, and throttle control. Its heavy-duty battery and ultra-excellency make it worth buying!


  • 350W motor 
  • 18-20 miles (e-mode) range 
  • 35-37 miles (pedal-mode)
  • UL certified 
  • 26″-wheel diameter 
  • 90% pre-assembled


  • The battery needs to be continuously charged 
  • Issues with the front axle 

Best for Efficiency

#9. CLIENSY 26″ Electric Bike

(Quality Budget Electric Bike)

Now you are looking for an electric bike with an easy assemblage and a comfy seat with all quality features; then you can get it in CLIENSY 26″ Electric Bike!

This marvellous product is equipped with a 350W stable motor to support the hardest rides with a maximum speed of 19 mph. The Lithium-ion battery gives a maximum voltage of 36V; 8Ah capacity that is sufficient to give a range of 19-31 miles varies with the working mode after a complete charging of 4 to 5 hours.

It contains 21-speed Shimano gears with a 26″-wheel diameter that gives an exceptional variety to the ride. It has a rear and a front suspension fork that gives high stability to the bike on the most slippery roads.

It is unique and has 3 functional cycling modes, i.e., e-bike, bicycle, and assisted bicycle. The mechanical disc brakes enhance the power of stopping up to the highest limit. Its high carbon steel material makes it sturdy and perfect for bumpy rides. 

Moreover, it has 330 lbs load capacity, a net weight of 58 lbs, and a removable battery. Its foldable design makes it more appealing!


  • 350W motor 
  • 19-31 miles range 
  • 3 working modes 
  • Removable battery 
  • 7-speed gears 


  • Bolts are cheap
  • Uni-sex bike

Quality Budget Electric Bike

#10. ENGWE Electric Bike 

(Best Electric Mountain Bike)

If you are searching for an electric bike perfect for adults and has superior performance with high-efficiency features, then ENGWE Electric Bike will give you it all in a single package!

ENGWE mountain electric bike is equipped with a 250W torque brushless motor that can surpass the boundaries with a 20mph peak acceleration. The 36V; 8 Ah removable Lithium-ion battery with 42V 2A output charger requires 5 hours for complete charging and is enough to cover 18.5 miles distance. It has front and rear dual disc brakes for security priorities, and to fulfil the variety of riding, it has 21-speed Shimano gears. It has three functional modes that give an increasing range for riding.

This multi-purpose bike is 85% assembled, so you do not have to worry about the setup. Its high-strength Aluminium frame is sturdy and waterproof. The 26″ tire diameter gives an ideal height both to the ride and the rider. 

The bike has a shock absorber fork, 50.7 lbs net weight, accessory kit, smart charger, 900 recharge cycles for 3-5 years used, and adjustable seat. Its high safety and comfort assurance make it worth buying!


  • 250W motor 
  • 18.5 miles range 
  • 20 mph acceleration 
  • 21-speed Shimano gears 
  • Removable battery 
  • 26″ tire size


  • Weird hub connection 
  • Uncomfortable seat

Best Electric Mountain Bike

Comparison Table

ProductMotor Power & Range (Miles)Price

Shaofu Folding Electric Bike 

  • 350W & Range 15.5-31.07
Check Price On Amazon

Speedrid 26″ Electric Bike    

  • 250W & Range 15-30
Check Price On Amazon

Ancheer Folding Bike 

  • 350W & Range 15-30
Check Price On Amazon

Swagtron Folding-Bicycles SwagCycle Pro Black

  • 350W & Range 15.5
Check Price On Amazon

Jeston Bolt Electric Bike   

  • 250W & Range 15
Check Price On Amazon

Hiboy P10 Folding eBike

  • 350W & Range 18.6
Check Price On Amazon

Sailnovo Y1-14 14″ Electric Bike

  • 350W & Range 25-28
Check Price On Amazon

ECOTRIC Vortex Electric Bike   

  • 350W & Range 18-20
Check Price On Amazon

CLIENSY 26″ Electric Bike

  • 350W & Range 19-31
Check Price On Amazon

ENGWE Electric Bike 

  • 250W & Range 18.5
Check Price On Amazon

Best Electric Bike Under 500$ Buying Guide 

The electric-powered bikes are very different in their features from gas-powered and hence perfect in their efficiency and pollution-free mechanism. But they also vary in budget, and if you are interested in getting a bike on an affordable budget of $500, you will find a variety of them. Here are some common factors discussed that you should keep in mind when purchasing an electric bike:

1.     Style 

E-bikes are available in different styles depending on your priority and needs. They are mainly mountains, cruisers, or road bikes.

  • The mountain bikes are specifically used for climbing the mountains as they are made for tough and rough terrains to give you a comfortable ride.
  • The road bikes are lighter and hence perfect for road rides with ultra-fast speed.
  • The third one is a cruiser, which is a classy style as it keeps the rider above the tires to absorb all the shocks for an amazing ride.

The story does not end here; you will find many other styles in the market. 

2.     Bike Length 

Bike length is a significant element in an electric bike because it decides the comfort level. The common and popular size ranges between 18 to 20″. But it is not restricted; you can get a bike of your desire depending on your body size. The smaller people prefer to ride on smaller bikes, and bigger people are more comfortable on the long ride. 

3.     Efficiency 

Efficiency is another important factor that is crucial to consider when buying an electric bike. Some specifications of the bike are the basis of its efficiency. For example, the Aluminium, Aluminum and Steel frame bikes are considered most efficient in working compared to carbon and titanium frames. Aluminum is lighter in weight hence consumes less power for the rider to push it. In the same way, electric bikes with smaller wheels are considered less efficient in working than larger tires because these tires do not force you to pull the bike forward. 

4.     Battery Life 

Battery and its life are the main and the basic features that a buyer must consider when purchasing an electric bike of his choice. Many different types of batteries available decide the efficiency of the bike and so the high performance. But the thing is, what is the smartest choice?

Lithium-ion batteries are considered perfect for efficiency and long-lasting life. They are the most durable ones and do not interrupt you on longer rides. Moreover, these batteries are easy to maintain and have a high-power capacity and are safer to use because they remain at the optimum temperature even when the ride becomes hot.

5.     Weight 

The bike’s weight is another major feature that should be noticed because the weight is the easiest for you to carry for the longer rides, and the heavier the bike’s weight is difficult to use for a long journey. But it is also a fact that unfortunately, lightweight bikes do not provide much range and power so you must consider some alternatives.

6.     Shape 

Electric bikes have various shapes, and then you must consider your preference. The bikes with smaller wheelbases are easy to place, and the same is the case for foldable bikes; they are portable, and you can place them anywhere to store after folding.

7.     Battery and Range 

The ideal bike is the one that has a heavy-duty battery and hence is larger and covers the longer mileage with a single charge. So never compromise the battery to a smaller size. 

8.     For Taller Riders

Taller riders, especially 6’2″, should always go for the larger frames and long wheelbases that will perfectly make the ride comfy and stress-free, and the handling will also become easy.


Electric bikes have become a truly environmentally friendly means of transportation. Choosing the best according to your requirement on a tight budget is a daunting task, but hopefully, your confusion has been solved after reading our suggestion. The ultimate choice is yours. You can choose any electric bike by taking advantage of the buying guide. Good luck with having your first electric bike!

Mark Webster is bike enthusiast and researcher in bike industry from last 15 years. Mark had been working in different bike manufacturing companies for research and development of new models. Mark has mission to make bike design safest for bikers. The dream of Mark is to make bikes too mainstream that we can reduce global carbon emissions.

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