9+ Best Electric Bikes Under $500

Finding a reliable electric bike on a budget can feel like hunting for a needle in a haystack, but there are some gems that offer great features without breaking the bank.

Whether you’re commuting to work, running errands, or exploring your neighborhood, these affordable e-bikes can enhance your ride with speed, convenience, and eco-friendliness.

I’ve tested a handful of options and narrowed it down to the 9+ best electric bikes under $500. Each bike has its own unique strengths, and I’ll share what I loved and what could be better to help you make the best choice for your needs.

Our Top Picks For The Best Electric Bikes Under $500

The 9+ Best Electric Bikes Under $500

1. Top Pick – Heybike RaceMax 27.5″ Electric Bike

Specifications

The Heybike RaceMax comes equipped with a 500W motor, a 48V 12.5Ah removable battery, and a top speed of 20 mph. With its 27.5-inch wheels and a lightweight aluminum frame, this bike is built for speed and stability. It offers pedal-assist and throttle modes, giving you flexibility for different types of rides.

What we liked:

The Heybike RaceMax impressed me with its performance and overall quality, especially considering the price. Its 500W motor delivers plenty of power for daily commutes or weekend adventures, and I found the pedal-assist mode smooth and intuitive. The removable battery is a fantastic feature, making it easy to charge without wheeling the entire bike indoors. The larger 27.5-inch wheels provided great stability, even on uneven terrain, and the lightweight frame was a breeze to maneuver.

Another standout feature is its design. The Heybike RaceMax has a sleek, modern look that doesn’t scream “budget bike.” It feels more expensive than it actually is, which is always a plus.

What we didn’t like:

While the bike performs well overall, the lack of suspension can make bumpy roads a bit uncomfortable. If you’re riding on smooth city streets, this won’t be an issue, but on rougher trails, you might feel every pothole and rock. Additionally, assembly was straightforward but required more tools than I anticipated. A little more clarity in the instructions would go a long way for first-time e-bike owners.

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2. Best Folding e-Bike – GoTrax F1

Specifications

The GoTrax F1 features a 350W motor, a 36V 7.8Ah battery, and a maximum speed of 15.5 mph. This lightweight, foldable bike is designed for portability, weighing just 40 pounds and offering a compact folding mechanism.

What we liked:

The GoTrax F1 is perfect for riders who prioritize convenience and portability. Its folding design makes it a dream for commuters or anyone short on storage space. I was able to fold it up quickly and stash it in the trunk of my car, making it incredibly versatile for urban living. Despite its compact size, the bike has decent power, and the 350W motor provided just enough boost for short commutes and flat terrain.

The simplicity of the GoTrax F1 is another big plus. It’s incredibly user-friendly, with a straightforward LCD display and intuitive controls. It’s a great option for those new to e-bikes or looking for something low-maintenance.

What we didn’t like:

While the compact size is a benefit, it does come with trade-offs. The smaller wheels don’t handle rough roads as well as full-sized options, and the top speed of 15.5 mph feels limiting on longer rides. Additionally, the battery life is suitable for short commutes but might fall short for extended trips, so plan accordingly.

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3. Best Upgrade Pick – Ride1Up Turris

Specifications

The Ride1Up Turris boasts a 750W motor, a 48V 12.8Ah battery, and a maximum speed of 28 mph. It features an aluminum alloy frame, a front suspension fork, and hydraulic disc brakes, offering a premium riding experience.

What we liked:

The Ride1Up Turris is a standout for anyone willing to stretch their budget a bit. Its 750W motor packs a serious punch, and I felt confident tackling steep hills and longer commutes without breaking a sweat. The hydraulic disc brakes and front suspension fork are features typically found on higher-end bikes, and they significantly enhance the ride quality. The bike feels smooth, powerful, and responsive, making it a joy to ride.

I also appreciated the bike’s thoughtful design. The integrated battery blends seamlessly into the frame, giving it a clean, polished look. The LCD display is easy to read, and the bike offers multiple assist levels, so you can fine-tune your ride.

What we didn’t like:

The biggest downside is that it barely falls under the $500 category if you can catch it on sale. Regular pricing is higher, so you’ll need to keep an eye out for discounts. Additionally, while the bike offers impressive features, its assembly process is more complex than others on this list. If you’re not mechanically inclined, you might want professional assistance to put it together.

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4 – Jasion EB5 Electric Bike

Specifications

The Jasion EB5 features a 350W motor, a 36V 7.5Ah battery, and a maximum speed of 20 mph. With a minimalist design and a lightweight aluminum frame, it’s an excellent entry-level e-bike.

What we liked:

The Jasion EB5 is a reliable and straightforward option for beginners. Its 350W motor provides enough power for daily commutes, and the bike feels stable and easy to handle. The minimalist design is appealing—it’s not overloaded with features but delivers where it counts. The pedal-assist mode is responsive, and the throttle is handy for short bursts of speed.

Another thing I loved was its weight. At just over 40 pounds, it’s one of the lighter options, making it easier to carry up stairs or lift onto a bike rack. For someone looking for a no-frills, dependable e-bike, the Jasion EB5 hits the mark.

What we didn’t like:

The range is a bit limited, especially if you rely heavily on the throttle. I also noticed that the seat isn’t the most comfortable for longer rides, so you might want to invest in a cushion or a replacement. Additionally, while the minimalist design is great for simplicity, it lacks extras like a built-in rack or fenders, which could be a dealbreaker for some.

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5 – Jetson Bolt Folding Electric Bike

Specifications

The Jetson Bolt comes with a 250W motor, a 36V 5.2Ah battery, and a top speed of 15.5 mph. Weighing just 34 pounds, it’s one of the lightest folding e-bikes available and is designed for ultimate portability.

What we liked:

The Jetson Bolt is all about convenience. Its ultra-lightweight frame and compact design make it a great option for city dwellers and anyone with limited storage space. I was amazed at how easy it was to carry—this bike feels like it was made for urban commuters. Despite its smaller motor, it performed admirably on flat terrain and shorter trips.

Another highlight is its affordability. The Jetson Bolt is one of the most budget-friendly options available, and while it doesn’t have all the bells and whistles, it delivers solid performance for the price. The built-in carrying handle is a small but thoughtful touch that adds to its practicality.

What we didn’t like:

The 250W motor and smaller battery limit its range and power, making it less suitable for hilly areas or longer commutes. The lack of pedal-assist mode is also a downside—it’s throttle-only, which can drain the battery quickly. Additionally, the small wheels make for a bumpier ride on uneven surfaces, so it’s best suited for smooth city streets.

Frequently Asked Questions

What is a reasonable price for an eBike?

A reasonable price for an eBike depends on your needs and expectations. Entry-level eBikes, like those under $500, are great for casual riders or short commutes. Mid-range eBikes ($1,000–$2,000) often have better motors, batteries, and features like suspension. High-end models can go beyond $3,000, offering premium components and long ranges.

Is 500W enough for an eBike?

Yes, a 500W motor is enough for most riders. It provides sufficient power for flat terrain, moderate hills, and commuting. However, for steeper inclines or heavy cargo, a 750W or higher motor might be more appropriate.

Is it worth buying an electric bike?

Absolutely! Electric bikes offer convenience, eco-friendliness, and fun. They can replace short car trips, save you money on fuel, and make cycling accessible to more people, especially those who need extra assistance on hills or long rides.

How fast does a cheap electric bike go?

Most affordable eBikes under $500 have a top speed of around 15–20 mph, depending on the motor power and weight of the rider. These speeds are suitable for city commutes and recreational use.

What are the drawbacks of electric bikes?

Electric bikes can be heavier than traditional bikes due to the motor and battery. They also require regular charging and may have higher upfront costs. Maintenance, especially for the motor and battery, can also add to the expense.

What is the difference between electric bike and e-bike?

There’s no difference! “Electric bike” and “e-bike” are interchangeable terms that describe bicycles with an electric motor to assist with pedaling or provide full propulsion.

Is there a big difference between a 500W and 750W eBike?

Yes, the main difference is power and torque. A 750W motor provides more acceleration, can tackle steeper hills, and supports heavier loads compared to a 500W motor. However, 750W motors may drain the battery faster.

How fast is 48V 500W in mph?

A 48V 500W eBike typically reaches speeds of around 20–28 mph, depending on rider weight, terrain, and other factors.

Which is better, 350W or 500W?

A 500W motor is generally better if you need more power for hills or carrying cargo. However, 350W motors are lighter, consume less battery, and are ideal for flat terrain and casual riders.

How fast will a 750W eBike go?

A 750W eBike can reach speeds of up to 28 mph on flat terrain, making it a great choice for riders seeking more speed and power.

How fast is 5000 watts in mph?

A 5000W eBike can reach speeds of 50–60 mph, depending on factors like terrain and rider weight. These bikes are typically considered high-performance and are not suitable for all riders.

How long will a 500W eBike battery last?

The battery life of a 500W eBike depends on its capacity (measured in watt-hours) and usage. A typical 48V 10Ah battery provides around 20–40 miles per charge, depending on factors like terrain, speed, and assist level.

How many watts is a good electric bike?

A good electric bike generally has a motor between 250W and 750W, depending on your needs. For city commuting, 250–500W is sufficient, while 750W or more is better for off-road or heavy loads.

How fast will a 1000 watt eBike go?

A 1000W eBike can reach speeds of 30–35 mph, making it a powerful option for off-road adventures or riders looking for more speed.

Is 750W enough for an eBike?

Yes, 750W is more than enough for most riders. It provides excellent power for hills, faster speeds, and carrying heavy loads without being excessively energy-hungry.

What is the top speed of a 500W eBike?

The top speed of a 500W eBike is usually around 20–28 mph, depending on the voltage, terrain, and rider weight.

How fast is 1000 watts in mph?

A 1000W eBike typically reaches speeds of 30–35 mph, depending on terrain, rider weight, and motor efficiency.

How fast is 250W in mph?

A 250W eBike can reach speeds of around 15–20 mph on flat terrain, making it ideal for casual riders and city commutes.

How fast is 500W in mph?

A 500W eBike generally reaches speeds of 20–28 mph, depending on conditions like terrain and rider weight.

How fast will a 1200 watt eBike go?

A 1200W eBike can achieve speeds of 35–40 mph on flat terrain, providing a thrilling experience for adventurous riders.

Can a 500W eBike climb a hill?

Yes, a 500W eBike can climb moderate hills without much effort. However, for steeper inclines or heavier riders, a 750W or higher motor would perform better.