Best Electric Bikes Under $500 In 2021

Our childhood is filled with memories of riding bicycles and racing with our friends in the neighborhood. We cherish these memories for life, no matter how expensive cars and bikes we have today.

Our heart wants what it wants, the feeling of riding bikes everywhere. We know it is not possible. Now, with the help of technology and innovation, you can buy the best electric bike for under 500 dollars.

Electric bikes are the most convenient and environmentally friendly means of transportation. It is time to enjoy the bike ride in your adulthood.

E-bikes are made for such purposes only. They don’t consume any fuel as they run on electricity. They are cost-efficient bikes. The best part is unlike conventional bikes you don’t have to pedal E-bikes for traveling long distances. Electric bikes are a combo of style and elegance.

In 2021, we are offering you the best electric bike under 500. A perfect combination of innovation and modernization. We all know the price of petrol and diesel are touching the sky. Buying a car is easy but maintaining and dealing with day-to-day costs can disrupt your entire budget.

The other option is choosing public transport. I prefer public transport for daily commute but the COVID-19 pandemic has shaken us to our core. Now, the thought of traveling via public transport is unbearable. 

Electric bikes are effortless, comfortable, environment-friendly, cost-efficient, and stylish. You can make a statement among your colleagues, relatives, and kids by buying the best electric bike for less than $500.

We understand that you might be confused to see so many options in the market. Therefore, we are listing our few best electric bikes under $500 which you can buy, and before that, we are listing the factors that can help you to choose the best electric bike for a budget of 500 dollars for you.

Buying Guidelines For The Best Electric Bike Under $500

There are many options available in the market now. Before selecting the best electric bike under 500, you must know about its features and working mechanism. Some e-bikes might look very stylish but might not have the capacity to run for a long time and visa-versa. You need to choose the best electric bike under $500 that can fulfill your needs and is according to your taste. 

Below we are listing the few factors that will help you to select the best electric bike. Let’s have a look:

1. Types of Electric Bike

Do you know that there are at least 4 types of electric bikes available in the market? You must choose the e-bike that suits your requirements. The different types of electric bikes are Mountain bikes, E-gravel bikes, Hunting bikes, E-MTB bikes, and foldable electric bikes.

All these bikes serve different purposes and are suitable for riding at different places. Their build and design are not even similar. 

Mountain, hunting and E-MTB bikes are not ideal for road use. You can use these bikes in mountains and forests or places with tough surfaces. They have broad tires which makes the ride cushy and hassle-free. 

Whereas E-gravel and Folding bikes are ideal for day-to-day work. You can ride them on the roads. E-gravel bikes are pedal bikes with electric motors in the back, you can control their speed with the help of gears.

A folding bike is also an electric bike that is easy to store. They have an average speed of 30MPH. They are the most preferable and comfortable electric bikes for daily use.

2. Mileage

Mileage is the ratio of the average distance covered by a vehicle while consuming the total fuel. In the case of electric bikes, mileage plays a very crucial role. It helps us to evaluate the quality of the battery and motor power.

If you don’t want your electric bike to die before reaching its destination then you must pay attention to its mileage. An e-bike with a high-powered motor and a good quality battery will help you to fulfill your daily functions without any interference. 

Some bikes are fully and partially electric. If you are looking for a fully automated bike then you should know the mileage varies in every model and design. Electric bikes also come with an assist mode function which helps you to save battery life and covers long distances easily.

3. Design and Flexibility

We use bikes for different reasons such as hiking, hunting, exercising, sporting, and daily commute. Sharing bikes with our family members and friends is very common. Therefore, we must choose a bike design that is stylish yet comfortable.

Not everyone has the same height and weight with whom you will share your bike. This is why you must choose a bike design that can satisfy your needs. 

Always choose the bike with an adjustable frame, handle, and seat position. Also, make sure that your e-bike is durable. Only buy the electric bike that is under a budget of $500 and built with aluminum and not fiber.

Other parts such as wheels, hubs, and forks should be made with carbon base material for long-term use. Fiber or plastic body bikes might be light-weighted but are prone to damage.

4. LCD

Electric bikes are a true example of technology and creativity. Even though electric bikes are eco-friendly that doesn’t mean they lack creativity. Most of the electric bikes now come with an LCD screen.

The LCD screen shows you the speed, distance covered, and battery life. Those e-bikes that don’t have the LCD screen have the feature to connect with your smartphone where you will receive all the notifications such as GPS, Speedometer, Distance covered, and battery level. You need all these features for safety and maintenance purposes.

5. Portability

Many people hesitate to purchase bikes just because they don’t have a place to park their bikes. Well, forget the old times, technology has evolved a lot since then.

Now, you can find many folding electric bikes in the market which are light-weighted and durable. You can carry your bike on floors and mount them on walls as well when not in use. 

In the market, there are two options available that can help you with portability. Folding bikes and light-weighted bikes under 18kg. While traveling through steep hills or taking stairs, lightweight bikes are very popular. However, if you are facing a parking issue then folding bikes are the ideal choice.

6. Safety

Tons of thousands of people use electric bikes every day. Safety is always a grave concern when it comes to driving whether it’s via car, bike, public transport, bicycle, or electric bike.

Before purchasing the best electric bike under $500 make sure that your bike is equipped with all the necessary safety features. Features like front and back brake, both headlights, and horns are very common. 

An electric bike is more advanced than a regular bike. Because it runs on electricity it contains a battery and electric motor. Therefore, to avoid getting electrocuted or battery discharge some additional safety features have been installed in an electric bike.

Always look for waterproof battery coverage in e-bikes. Also, look for the shock absorption structure and anti-slip built tires to avoid any physical injury while riding. Last but not least, select a bike with a good locking mechanism to avoid any theft or misuse by neighbors.

7. Additional Features

An electric bike is like any other vehicle you are driving on roads. Electric bikes are not just environment friendly but they are much faster than regular bicycles and attractive.

There are some other features that enhance the look of an electric bike such as front and tail headlights, a horn, a bike stand, a basket to carry small things, and a back seat (if needed).

These features can change the whole look and are quite useful as well. Now, we have listed out the factors you should consider before purchasing the best electric bike under 500 dollars. We would only advise you to consider all the factors and then select the perfect e-bike for you or your loved one.

Top 8 Best Electric Bike Under $500

We can understand your confusion after seeing so many electric bikes, you still don’t know which is the best electric bike under 500 dollars that can fulfill your needs.

Well, to end your confusion and after an extensive search and study, we are bringing you the top 8 best electric bikes under $500. We are sharing all the key features, pros, and cons of every bike below for easy comparison.

Here are the top 8 best e-bikes under $500 in the market:

1. SWAGTRON Swagcycle EB-5 Lightweight & Aluminum Folding Ebike 

This is an ideal electric bike for daily use within your budget. Swagtron EB-5 plus can be used both by teens and adults. Its unique design makes it more desirable. It is ready to go by bike at the time of delivery. It is a pre-assembled folding bike. It helps to save parking space and runs on a powerful motor.

You can enjoy both features of both regular and electric bikes. It is a great bike for daily activities and makes you stay healthy with the pedaling feature.

Key Features

  • It comes with a 250-watt motor
  • It comes with a 36-volt lithium-ion replaceable battery
  • It can cover the 15.5-mile distance on a full battery at the throttle.
  • It comes with pedal and throttle function
  • It has 14 inches of air-filled tires
  • It provides a speed of 15mph
  • It comes with a water-resistant IPX4
  • It is a foldable bike
  • It has an LCD screen on the handlebar
  • It is ideal for height between 4’10” -5’10”
  • Comes with an adjustable seat and handlebars
  • They delivered it assembled and ready to use
  • Easy to fold in 3 steps
  • Weigh only 37 pounds, easy to carry around
  • Comes with caliper brakes
  • It can carry the weight of 264 pounds
  • The bike comes with only 1-speed mode.

2. Mac wheel Electric Bike, 16 inches Ebike with Foldable Design

Macwheel electric bikes are heart stealers. Its unique design and vibrant color are the definitions of class and innovation. Its streamlined and aerodynamic design can ride steep hills and slopes effortlessly.

This e-bike comes with a multi-speed feature and 3 riding modes for fun. It is equipped with many additional features and comes at a reasonable cost.

Key Features

  • It has 250 watts of motor power
  • Comes with a 36 volt or 7.5ah of battery power
  • It has a maximum speed of 15..5mph
  • Comes in 2 riding modes – E-bike mode, Assist mode, and Manpower mode
  • Comes with a headlight and rear reflector
  • Comes with 16 inches of air-filled tires
  • Comes with a dual disc brake feature 
  • It has an LCD screen on the handlebar
  • It weighs 39.7 pounds
  • It comes with an adjustable frame like handle and seat
  • Ideal for height 5’2” – 6’2”
  • It has a load capacity of 220lbs
  • Comes with 5-speed gears
  • Easy to carry around
  • Comes with a folding feature
  • Speed varies as it can transform into 3 riding modes
  • Comes with a wheel reflector
  • Ideal for riding in the dark
  • Comes with a 1-year warranty
  • It doesn’t come fully assembled, you have to assemble the seat and pedals yourself after the delivery.
  • Takes 4-6 hours to get fully charged

3. ANCHEER Folding Electric Commuter Bike, 16” City Ebike

Ancheer is one of the oldest and finest brands. It has manufactured innovative and cutting-edge technology bikes over the years. It is a reputed brand in the bikers community. They are known for the range of their mountain bikes, electric and regular.

Today, we are bringing you their city bike, foldable. It is made of aluminum equipped with several safety measures.

Key Features

  • It comes with 250 watts of motor power
  • It has the 36-volt replaceable battery
  • It comes with 2 riding modes – full electric and assists pedal mode
  • It weighs around 37 pounds
  • Comes with a LED meter with a 3speed button
  • It has a maximum speed of 15.5mph
  • Comes with front and back disc brakes
  • It comes with 16 inches wheels
  • It has a load capacity of 44 pounds
  • Comes with an easy folding feature
  • It can cover 15 miles on full throttle mode
  • It can cover the 30 miles on assist pedal mode
  • Easy for storage and transport as it can fit in the trunk of your car
  • Comes with a removable battery
  • You can charge the battery on or off the bike
  • Its brake system is effective in every season
  • The throttle will shut automatically if not used for 30 seconds
  • It comes with single speed feature
  • You have to pump the motor before starting by pedaling
  • It is not fully assembled at the time of delivery

4. FIIDO D3S Folding EBike, 250W Aluminum Electric Bicycle

FIIDO D3S is a light weighted electronic bike built with high-quality aluminum alloy. It comes with a collapsible frame for easy fold function. It doesn’t need much space to store and can easily fit in the back of your car.

Ideal for camping and hiking. It comes with 3 riding modes. It is an ideal example of the speed with safety measures.

Key Features

  • It comes with a motor of 250 watt
  • Its battery power is 36V or 7.8AH
  • It has a maximum speed of 15miles per hour
  • It comes with an LED- 3-speed meter
  • It comes with an induction headlight and bright brake light at the rear
  • It comes with new disc-brake technology with shock absorbents
  • It comes with rear 6 speed gears 
  • It has a load capacity of 265lbs
  • You can combine 3 riding modes
  • It is ideal for riding at night
  • Front forks are made with high strength carbon steel to avoid any physical damage
  • Easy to store
  • It comes with 16 inches tires which is ideal for any tough surfaces
  • The distance covered in a full battery is between 35-50 km
  • It doesn’t come with an adjustable frame
  • Partially assembled at the time of delivery

5. Speedrid Electric Bike 14” Electric Bicycle, 500W Electric Commuter Bike

If you enjoy riding bikes then this one is right in your budget. It has a classy finish with a unique design. It comes in both white and black colors. It is an ideal choice for any road and steep, rough areas.

Speedrid e-bike 14 has 500Watts of motor power which gives a boost to its speed quality.

Key Features

  • This electric bicycle includes 500 watts of the motor. 
  • It has a 48-volt battery. 
  • It can arrive at a maximum velocity of 20 miles for each hour. 
  • In assist mode, this bicycle has a scope of 15 miles and 30 miles on pedal help mode. 
  • It has a carbon-steel fork for incredible suspension. 
  • It has a double-disc brake stopping mechanism. 
  • This bicycle comes furnished with a 3-speed keen engine button
  • It comes with headlights
  • It includes the cruise control function for smooth riding
  • It is appropriate for tall riders also.
  • It can also be utilized as an ordinary bicycle and a trailblazing bicycle.
  • It has 21 Shimano speed gears.
  • The handlebars and seat posts can be changed according to the riding necessities of the individual.
  • It has a high weight limit of 330 pounds.
  • It has a brilliant LED headlamp and a noisy horn.
  • It comes with IPX5 waterproof technology
  • It is not a foldable bike like other e-bikes

6. Hiboy P10 Folding Electric Bike for Adults

Hiboy is another famous name in the cycle industry. They are known for their innovative and revolutionary products. They have always produced high-quality regular and electric bikes in a reasonable price range.

Key Features

  • It comes with 350 watts of the hub motor
  • It has 36 volts of lithium-ion battery
  • It can go to the maximum speed of 15.5mph
  • It comes with 12 inches of air-filled tires
  • P 10 model is highly portable
  • It comes with an adjustable frame with high aluminum quality
  • It comes with 3 riding modes- E-bike, regular, and assist mode
  • It has disc brakes
  • One can travel 15- 21 miles per hour under certain conditions
  • It has good stability and durable for rough roads
  • Ideal for small spaces due to its compact design
  • You can store or travel with it on public transport as well
  • It has a load capacity of 265lbs
  • You can drive up to 31 miles in assist mode
  • Not ideal for hiking purposes

7. ANCHEER Folding Electric Bike 12″/14” Electric Bike

We have brought you another best electric bike from Ancheer which is available for under 500 dollars. The reviews for the Ancheer folding electric bike are amazing, if you wish to save space while enjoying the full features of an electric bike, then this option is more than ideal for you.

Key Features

  • Comes equipped with a strong 500W motor, providing enough power for daily travel.
  • 48 volts of the lithium-ion battery providing 18-20 miles per charge.
  • The dolphin-inspired design is stylish and built with great quality material.
  • Equipped with cruise control options. 
  • Dual disc brakes for emergency stops.
  • Lightweight and sturdy built
  • Great for daily commuting
  • 18-20 miles on a full charge
  • Dual disc for safe breaks
  • It can also be used as a mountain bike
  • Waterproof with an IP65 rating
  • Requires limited space as it can be folded
  • Not suitable for kids below the age of 15

8. Razor EcoSmart Metro Electric Scooter

Razor is a well-known brand in the electric bike and scooter industry. The Razor EcoSmart Metro Electric Scooter is one example of fine craftsmanship. Here’s why you should consider getting this E-bike. 

Key Features

  • Padded seat for comfortable riding
  • 16” air-filled tires
  • 500 Watt high-torque motor
  • Speeds can reach up to 18 miles per hour
  • Rear-wheel drive feature
  • Cargo carrier for carrying groceries and books. 
  • Very comfortable to ride
  • Ideal for senior citizens and physically challenged people
  • Comes with a high-torque and chain-driven motor boasts
  • It has a maximum speed of 18mph
  • Can cover the 19 km and have battery back up of 40 minutes
  • It’s a rear-wheel-drive bike
  • It is a fully automated electric bike
  • Comes with a 1-speed function only
  • Doesn’t have pedals
  • Cannot drive in high traffic areas

9. Razor RSF350 Electric Street Bike, Red/Black

This model is quite popular among youths, unlike the above one which is apt for senior citizens. This is a street bike. It has a design like a motorbike but it is eco-friendly and comes under your budget. It comes in only one attractive color: red and black.

Key Features

  • It comes with a high-torque chain-driven powerful motor
  • Comes with a rechargeable lead-acid battery system
  • It has a maximum speed of 14MPH
  • It contains 24V of battery
  • It comes with a hand-operated disc brake front and back
  • It has handlebars with soft rubber grips
  • It comes with a retractable kickstand
  • It has 10 inches tires for slip control
  • It has a look of authentic street bike
  • It is a perfect fun bike for teens
  • You cannot ride it for more than 30 minutes continuously
  • It doesn’t have many safety measures


We are in awe of their exceptional design and multiple uses. From teens to senior citizens, anyone can enjoy these electric bikes while doing their chores. They are ideal for completing daily chores without leaving carbon footprints in the environment. Purchasing an electric bike is a wise decision. 

In the market, you can get many best electric bikes under 500 dollars for yourself and your loved ones. In our opinion, We like the Swagtron EB5 plus, Ancheer, Mac wheel, FIIDO, and Speedrid 500watts. They are ideal choices for long distancing and rough roads, equipped with all the necessary safety measures.

If you think that these e-bikes features are not something that you are looking for, then check out these higher-end e-bikes:

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