Best Electric Bikes Under 500: Top Affordable Picks in 2024

Electric bikes have become increasingly popular in recent years, offering riders an eco-friendly and efficient way to get around town or enjoy scenic trails.

By combining the convenience of cycling with the assistance of an electric motor, these bikes make it easier to cover greater distances, tackle hills, and keep a steady pace without becoming overly fatigued.

For those on a budget, finding an electric bike under 500 dollars might seem like a challenge, but there are options available that offer good value for money without compromising on quality.

In this price range, it’s essential to pay attention to key aspects such as the battery life, motor power, build quality, and overall performance to ensure you’re getting the right fit for your needs.

Many electric bikes in the lower price range are assembled using cheaper materials, which means they might not withstand heavy usage as effectively as premium models.

That said, there are still affordable options that manage to strike a balance between cost, reliability, and comfort. When considering a purchase, be sure to focus on the type of motor (hub motor or mid-drive motor), battery capabilities, frame and build quality, as well as ease of assembly and maintenance.

We’ve dedicated our expertise to thoroughly researching and testing a variety of electric bikes within the $500 range, ensuring the ideal options are presented for those seeking the greatest value for their investment. So let’s dive into our top picks and learn what makes them stand out among the competition.

Best Electric Bikes Under 500

We have compiled a list of the best electric bikes under 500 that offer excellent performance, value, and comfort. Browse through our top selections to find your perfect electric bike without breaking the bank.

Jasion EB3 Electric Bike for Adults

Jasion EB3 Electric Bike

The Jasion EB3 is an affordable and foldable electric bike that caters to both adults and teens without compromising on performance.


  • Efficient performance with a 350W motor and top speed of 21 mph
  • Foldable and portable design for easy storage and transport
  • Dual disc brakes and integrated lights for safe riding


  • Limited to a single-speed
  • Heavier than some other electric bikes on the market
  • May not be suitable for taller riders

The Jasion EB3 Electric Bike caught our attention due to its impressive performance in a compact and foldable design. With its 350W motor and 36V 7.5Ah battery, we were able to travel up to 20 miles on a single charge at a top speed of 21 mph. This proved to be quite efficient and enjoyable for our daily commutes and quick trips around the city.

What we truly appreciated was the bike’s foldable design, allowing us to easily store it in small apartments, offices, or even the trunk of a car. The 14-inch wheels and foldable handlebar & pedals ensured that our storage space was not compromised, and transporting the bike was a breeze.

Safety is an important aspect of any transport, and the Jasion EB3 ensured we could ride securely. The dual disc brakes provided reliable stopping power, while the bright headlight and integrated taillight with brake-light indicator improved our visibility on the road.

However, we noticed that the bike is limited to a single speed, which might not suit everyone’s preference or riding terrain. Additionally, despite its compact design, the bike is relatively heavy at 20 kilograms, making it slightly cumbersome to carry. Lastly, the bike may not be suitable for taller riders, given its 14-inch wheel size and overall dimensions.

The Jasion EB3 Electric Bike offers great performance and a foldable design at an affordable price, making it a solid contender for those looking for an electric bike under $500.

However, potential buyers should consider its weight and potential size limitations before making a purchase.

MICLON Cybertrack 100 Electric Bike

MICLON Cybertrack 100 Electric Bike

We recommend the MICLON Cybertrack 100 Electric Bike for its powerful motor, fast charging, and comfortable ride at an affordable price.


  • Powerful 350W BAFANG motor
  • 3-hour fast charging
  • Comfortable ride with front suspension fork


  • Max speed limited to 20mph
  • Not suitable for heavy off-road use
  • Limited to a range of 30-37 miles

We recently had the chance to ride the MICLON Cybertrack 100 Electric Bike, and we were impressed with its performance. The 350W BAFANG motor provides ample power for daily commuting or light trail riding, and the bike can reach speeds of up to 20mph. It’s not the fastest option, but it’s more than adequate for most riders.

One of our favorite features is the fast-charging 3-hour charging time for the 36V/10.4ah lithium-ion battery.

It’s convenient for those on a tight schedule, and the battery’s large capacity provides a decent range of 30-37 miles. However, if you’re planning longer trips or tackling steep hills, you might want to look for a bike with a greater range.

The Cybertrack 100 is designed for comfort, featuring a high-strength front suspension fork that effectively absorbs road shocks and helps you maintain control. It ensures a smooth ride on various terrains, letting you experience less fatigue. However, this bike is not suited for heavy trail or off-road use.

Safety is a priority, with the MICLON Cybertrack 100 sporting an aircraft-grade aluminum alloy frame, anti-slip tires, and powerful disc brakes.

The IPX4 water-resistant battery can also withstand light rain, ensuring your bike can handle inclement weather conditions.

Assembling this electric mountain bike is worry-free as it comes 85% pre-assembled. The remaining parts are simple to install, and you’ll have access to a helpful video guide on the product page.

Customer support is excellent; the bike comes with a one-year warranty and lifetime technical support from MICLON.

TotGuard Electric Bike

Best Electric Bikes Under 500

We recommend the TotGuard Electric Bike for adults seeking a powerful, stylish, and efficient electric bike under $500.


  • Powerful 500W motor with a top speed of 21.6mph
  • Ingenious design featuring larger 27.5″ tires and lockable suspension fork
  • Shimano 21-speed gears for various terrains


  • 5-hour charging time for the battery
  • The saddle might not be comfortable for long rides
  • The bike’s weight at 49.6 pounds

The TotGuard Electric Bike is an impressive option for those looking for an affordable yet powerful electric bike. With a 500W motor and a top speed of 21.6mph, it offers impressive performance for a bike in this price range. The larger 27.5″ tires and lockable suspension fork make for a smoother ride, especially on rougher terrain.

The Shimano 21-speed gears offer versatility when conquering different terrains with efficiency. The bike’s intuitive LCD display allows users to easily monitor the battery life, assist levels, mileage, voltage, speed, and ride time.

Despite the many advantages, the TotGuard Electric Bike does have a few drawbacks. With a 5-hour charging time for the battery, owners may need to plan their rides accordingly.

Additionally, the saddle might not provide enough comfort during longer rides, so investing in a more comfortable saddle and suspension post is recommended. Lastly, the bike’s weight at 49.6 pounds might be a concern for some riders when it comes to portability.

The TotGuard Electric Bike offers excellent value with its powerful motor, versatile gearing, and smooth ride.

Some considerations include the battery charging time, saddle comfort, and overall weight. However, we believe that these concerns are manageable, making the TotGuard Electric Bike a top choice for those looking for an affordable, reliable, and powerful electric bike under $500.

Buying Guide

When looking for the best electric bikes under 500, it’s essential to keep in mind specific features that will help you make an informed decision. In this buying guide, we will walk you through these features and offer some advice on choosing the right electric bike for your needs.

Battery and Motor Power

One of the most significant aspects to consider is the battery and motor power. The battery capacity determines the bike’s range, while the motor power affects the speed and uphill climbing capabilities. Look for bikes that offer a high-quality lithium-ion battery and a motor with wattage ranging from 250W to 500W to ensure adequate performance.

Frame Material and Design

The frame material and design have a significant impact on the bike’s overall weight, durability, and aesthetics. Aluminum and steel frames are standard choices, with aluminum being lighter and more expensive, while steel is more robust and budget-friendly.

Additionally, make sure the electric bike design offers comfort, convenience, and a stylish appearance.

Braking System

A reliable and efficient braking system is crucial for any electric bike. Disc brakes and V-brakes are common options, with disc brakes providing better stopping power and performance in wet conditions.

Keep in mind that disc brakes might need more maintenance than V-brakes, so weigh the pros and cons depending on your riding style and environment.

Range and Speed

The electric bike’s range and maximum speed are essential factors to consider based on your commuting needs. A longer range ensures you can cover more distance without the need for frequent charging. Look for electric bikes with a top speed of around 20mph (32km/h), which should be suitable for most urban and suburban commuting.

Additional Features

Lastly, take into account additional features like pedal-assist, throttle-only mode, lighting, fenders, or a rear rack for carrying cargo. These features can enhance the functionality, safety, and overall experience of using your electric bike.

To sum up, when searching for the best electric bike under 500, pay attention to the battery and motor power, frame material and design, braking system, range, speed, and additional features. By keeping these factors in mind, you’ll be able to find an electric bike that meets your needs and budget without compromising on quality.

Q: What is the typical range I can expect from an e-bike under $500?

A: Most affordable e-bikes will offer a range between 20-40 miles on a full charge. Higher-end batteries provide more range but cost more. Prioritize your needed range when selecting a battery.

Q: Can I ride an e-bike without pedaling at all?

A: Most e-bikes under $500 are “pedal assist,” meaning you must pedal for the motor to engage. Higher-priced models offer a throttle mode to ride without pedaling.

Q: How long does it take to charge an e-bike battery?

A: Charge times range from 2-6 hours typically. Faster chargers usually cost extra. Charge overnight or when not in use to maximize uptime.

Q: What maintenance does an e-bike require?

A: E-bikes need basic bike maintenance like tune-ups and tire inflation. Additionally, clean and store the battery properly to maximize lifespan. Motors require little maintenance.

Q: Can I get a warranty on an e-bike under $500?

A: Many affordable e-bikes come with a 1-2 year warranty. Ensure the warranty covers the motor, battery, and major components. Register your bike upon receipt.

Additional Resources

  1. Study on e-bike safety from the National Institutes of Health:

This study analyzes e-bike accident patterns and risk factors to help inform safety recommendations. Relevant for an article discussing affordable e-bike options.

  1. E-bike industry market report from Mordor Intelligence:

This industry analysis looks at e-bike market trends and growth projections. Useful data to cite for an article about the rising popularity of budget e-bikes.

John Loyal

I'm a Mountain Bike enthusiast and am passionate about testing new Mountain Bike and electric Bike models and presenting the results of my findings.

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