Best Electric Bikes Under $500 2021

There are many different types of electric bikes on the market today. You can buy either road-based electric bikes or you can go for mountain-based electric bikes. Road-based electric bikes are great for higher terrain and are fairly easy to ride. However, mountain-based electric bikes are heavier and can be difficult to ride up and downhills.

New electric bike manufacturers are popping up like wildfire. Electric bikes have become a popular sport among both people and teenagers. Although there are many different types of electric bikes available, some of the best sellers for electric bikes are Under $500 2021. Of course, there are some entry-level bikes that cost far more than this, but these are slightly more affordable than the more expensive models.

An electric bike is a bicycle that uses electric motors to help the rider travel. Because of its electric assistance, it is also called an electric bike. if you want to see the best Bike for Overweight females and Heavy Riders.

Electric bikes are popular for their ability to be cheap and simple to use, both for commuting and in situations where you need a little assistance on uneven terrain or in traffic.

Best Electric Bike Under $500 2021

Buying the right bike for you is one of the most important decisions you make. If you’re looking for a bike that is efficient and rides like a bike, it’s a good idea to check out the best electric bikes to buy in 2021.

10 Best Electric Bikes Under $500 2021 

The Best Electric Bikes Under $500 2021

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

Best Electric Bike Under $500
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The EB-5 is an electric bike that is designed to be a great alternative to other bicycles. Its lightweight aluminum frame not only makes it very easy for riders to maneuver, but it is also very durable.

The EB-5’s foldable bike frame can accommodate riders up to 264 pounds and folds three times so it fits inside compact vehicles. The aluminum folding build is also very sturdy and strong and can be used outdoors as well. It is also very easy to adjust the handlebars.

Swagtron EB-5 Electric Bike is the ultimate folding electric bike for teenagers and adults to ride at a low cost. With a powerful motor and 14-inch wheels, this electric bike is built to handle any terrain. This electric bike is user-friendly and easy to operate.

The 24-volt lithium-ion battery gives riders up to 3.15 miles on a single charge and can be recharged in the included charging station. The removable battery provides lots of run time and the adjustable seat height makes it suitable for kids and adults.

EB5 is a bike with basic features and a low price. It lacks some features of other more sophisticated models but is good value for money.

  • Speeds up to 12.5mph were attainable.
  • The EB5’s battery lasted up to 15 miles per charge.
  • This e-bike folded up to fit in a car boot.
  • Highly adjustable handlebars impressed users.
  • Riders up to 235lbs were happy with the EB5.
  • Users found it suitable for camping and RVs.
  • Construction of the EB5 was said to be sturdy
  • The EB5 arrives almost completely assembled.
  • Folding and unfolding was simple and straightforward.
  • Battery life decreased to a 1.3mi range, after one year of use.
  • A weight limit of 264lbs disappointed bigger riders.
  • The EB5’s kickstand spring interfered with folding.
  • This e-bike struggled on hills.
  • The battery indicator fluctuates and shows three bars on empty.
  • The EB5 doesn’t use keys and can be turned on by anyone.
  • Both experts and users experienced a maximum 12.5 mph range.
  • Customer service disappointed a number of owners.
  • Under pedal-assist, a 6mi range was reported by one expert.

2. ANCHEER an-EB5 Plus Folding Electric Bike 350W/500W Electric Commuter Bicycle

Best Electric Bike Under $500 2021
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This electric bike is one of the most affordable folding electric bikes Under $500 with high quality and stylish design. It is the more popular folding electric bike with a stylish and trendy folding design that makes it more unique. It is very lightweight and durable for your daily use.

The comfortable riding position makes you feel more comfortable when you riding the bike. This bike has 3 speed modes, a low/medium/high, easy-to-shift bike with twist throttle control. With front and rear suspension, this bike can easily pass through all.

ANCHEER’s bikes are known for their high quality and the best customer service. It provides great comfort during riding, has great range, and is the most powerful motor.

Top-quality electric bicycles are offered by ANCHEER. It comes with a powerful 500W brushless motor and a 48V battery. It can reach a speed of 10 km/h. With the powerful 500W brushless motor, you can get 20 MPH. With a 48V 7.5Ah Lithium-Ion Battery, you can get a range of up to 18 miles per charge.

If you plan to put your e-bike in the trunk of a car or if you plan to take it on a bus or train, you are likely to have an ANCHEER EB5 Plus Folding Electric Bike in the future.

The eBike with a unique FOC vector controller adopts a fully integrated seal design – dustproof, waterproof, shockproof. It can be used normally when there is light rain.

  • Easy to carry
  • Strong and durable
  • Had 3 riding modes
  • 21-speed gear transmission
  • Stronger 500W Motor
  • Features 350w high-speed motor that helps to achieve top speed of 20-25km/h
  • Equipped with front and rear disc brakes that provides powerful breaks in any condition
  • Comes in a foldable design that offers easy storage and transportation
  • The light may not be bright enough

3. Macwheel 16″ Folding Electric Bike

Best Electric Bike Under $500 2021
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The Macwheel 16inch electric bike offers great style with a lightweight steel frame. The top speed of 15.5mph can cover the distance for commuting. This commuter bicycle is designed to keep you comfortable during all your daily commutes.

The adjustable seat is perfect for riders of different heights and the top speed allows you to ride in a way that is safe and comfortable for you. The Macwheel 16inch electric bike has a powerful 250W motor with a 7.5Ah large battery capacity which will.

This bicycle is designed for those who want to make the most of their commute on a bike. The Macwheel 16inch electric bike offers great style with a lightweight steel frame. This machine has dual disc brakes. This feature enables you to control the speed of the bike. It has front and rear brakes which provide greater safety when riding the bike.

Our 16-inch electric bike is ideal for those looking for a new commuter bicycle. Easy to maneuver and has a range of 18.6 miles on an electric charge. People aged 14 to 65 can use this bicycle.

This amazing 16-inch electric bike is ideal for passengers who need to drive and run trains on the way to work. After you travel easily to work, these wonderful e-bikes fold down can be easily stored at home or in the office.

  • Comes when pre-assembled
  • Lightweight and easy to store
  • Relatively comfy
  • Equipped with foldable stem that offers convenient storage
  • Made of high-quality aluminum frame that holds maximum weight up to 265lbs
  • Built-in dual-disc brake system provides solid brake feel and less brake fade in wet
  • Lacks the rear and front suspension
  • Doesn’t have a removable battery

4. ANANCHEER Electric Bike Electric Mountain Bike 350W Ebike 26” Electric BicycleCHEER Electric Bike

Best Electric Bike Under $500 2021
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Ancheer is a brand new bike on the market, which had been highly rated for its high quality. Ancheer is a very new brand and it has only started to gain momentum. Ancheer has great potential in the future.

If you’re looking for a lightweight and sleek electric bike, this is the one for you. The ANCHEER Electric Mountain Bike is a great bike for the city or countryside. It’s loaded with features, but you won’t mistake it for a high-end mountain bike.

The 26-inch wheels are made of durable aluminum alloy. They’re designed to roll over cracks and bumps, as well as heavy potholes to give you a smooth ride. The dual disc brakes ensure you’ll have great.

This e-bike offers multiple ways to save money and get more exercise. With a 350W motor at the front and a 20MPH top speed, this bike offers strong performance values for your dollar.

With an adjustable seat post, lightweight aluminum frame, and three riding modes, you can tailor the e-bike to your personal preferences while getting up to 22-40miles per charge.

This bike also has an integrated 7.8Ah removable battery and can be charged up to a 10.4Ah with. ANCHEER electric motor has a charging time of 4-6 hours. Professional 21-speed gears increase hill-climbing power, more range variation, and greater line adaptation.


  • 350w lithium-ion battery
  • 30 miles per charge
  • Three mode system
  • Mostly assembled
  • top speed of 20 miles per hour
  • Waterproof Connectors
  • Decent quality battery
  • The system works pretty well.
  • Easy to assemble
  • Great performance
  • Large battery life
  • Features multiple working modes that makes it easy to ride
  • Made of high-quality aluminum alloy that ensures extended durability
  • 36V 10.4Ah Lithium-Ion battery offers long-lasting run time
  • No warranty included

5. ANCHEER 350/500W Electric Bike 27.5” Adults Electric Commuter Bike/Electric Mountain Bike

Best Electric Bike Under $500 2021
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The ANCHEER electric bikes are successfully proven in the marketplace all over the world. With a good reputation and quality performance, the ANCHEER electric bike is a factory imported from China.

This bike combines the design with practical functions that make it one of the best on the market. ANCHEER is committed to offering a reasonable price with high-quality products.

This bike is suitable for anyone of any age. This is a very good product at a cheap price. If you are looking for the best electric bike which can be used for long-distance transportation, this is the best choice.

It also comes with a removable 36V 7.8Ah battery that can go up to 30 miles on a single charge. The battery can also be removed for replacement or charging, making sure you don’t have to worry about it being stolen.

With an aluminum alloy frame, this bike is very durable which can give maximum protection to the bike. It has a top speed of 20mph, which gives you a fairly high speed to get to your destination quickly.


  • 350W motor
  • 36V 7.8Ah battery
  • 3 main modes
  • Comes mostly assembled
  • Can go up to 30 miles on a single charge
  • Easy to assemble
  • A considerable number of buyers saw these bikes as great value.
  • Suspension operated satisfactorily over moderately bumpy city streets.
  • Fit and finish of Ancheer 350W Mountain Bikes was admired.
  • Operation and placement of the control unit was lauded.
  • A removable battery allows charging away from the bike.
  • Quite a few owners found that assembly was a doddle.
  • Gear shifting came across as smooth and accurate.
  • Charging times were said to be brief.
  • Customer service received stellar reviews for replacing small parts.
  • A small set of tools is provided with the bike, for assembly.
  • Throttle-only speeds of 18-20mph were easily attainable.
  • Riders found it easy to pedal without power, on flats.
  • Sunshine models feature just one level of throttle-integrated pedal-assist.
  • Owners reported malfunctioning control units on new bikes.

6. 20″ Folding Electric Bike

Best Electric Bike Under $500 2021
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A comfortable and reliable electric bike that is perfect for everyday use. This folding model comes with a 360-degree rotating seat. It also has a lightweight aluminum frame, allowing you to carry it wherever you need to go.

The removable large-capacity lithium-ion battery can be charged using the included wall charger. This helps extend your range and keeps you going when you need it most. This model is great for urban areas and recreational use. Choose from three different riding modes to set the pace for your ride.

You will enjoy a fast and comfortable riding experience with the 20″ electric bicycle. As the most popular folding electric bike in the market, it can be folded or unfolded in 12 seconds, which can meet your different transportation needs.

The powerful 300W motor is fitted with an LCD display and 7 gears for a great riding experience. It also features a standard 26″ seat post, which is height adjustable, making this folding electric bike suitable for riders from 5’2″ to 6’5″.

Our electric bicycle is produced by using a high-quality aluminum alloy frame, which is folding and easy to carry and move. With the front and rear lights, it can be a great helper for you when riding at night. The adjustable seat post enables riders to achieve the most comfortable position for riding

With 2 powerful brushless motors, enjoy a super smooth and quiet ride with max speed up to 15mph. Also, take advantage of 3 working modes and 7-speed gear systems to meet your different needs.


  • The electric bicycle adopts lightweight aluminum alloy collapsible frame for quick folding and easy storage. You can have it with minimal storage space and easily store into any vehicle.
  • Front and rear disc brakes fully protect your safety. The front fork is made of high-strength carbon steel and packed with premium comfort shock absorption, double layer aluminum alloy wheel. The bright LED headlamp and horn is equipped for night riding.
  • 250W high speed brushless gear motors will easily assist you to travel at the 15mph road speed limit; 7-speed professional transmission system.
  • E-bike & Assisted bicycle & Normal bike. With the LED 3-speed smart meter button, you can choose the electric assist power according to your needs. You can add a burst of speed with the throttle, which is ideal for pulling away from traffic lights. Combining three modes would be a better choice
  • Light weight, foldable and compact perfect for students, city, urban riding and commuting.
  • Very easy to manoeuvre
  • Comfortable design
  • Terrain adaptable
  • You will have to assemble the bike yourself

7. NAKTO 26″ 250W Cargo Electric Bicycle Sporting Shimano 6 Speed Gear EBike

Best Electric Bike Under $500 2021
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A great beginner bike for those who want to experience the finer things of cycling. This is a great bike for commuters especially because the weight is relatively low. The 26” wheel size makes it easy to ride on any terrain, whether it be pavement or dirt. This is a great bike for beginners.

The heavy-duty 30-mile range per charge means you can ride farther and longer. A great low-cost electric bike with high-quality components for long-term value and durability. The 36V, 10AH lithium battery of this e-bike is removable.

With a host of amazing features, this full-suspension mountain bike is made for serious riders. The Shimano 21 speed drivetrain provides impressive shifting performance. The Shimano hydraulic disc brakes provide powerful stopping power that can be felt in all seasons.

The durable and lightweight aluminum frame ensures a smooth ride. With a 26 inch wheel, it’s easy to cover long distances without becoming fatigued. A 250W electric motor provides all the assistance you need to reach your destination on time.

 E-bike and battery are 1-year-warranty. Perfect brakes protect your safety perfectly. It has a large battery of 36 V 10AH removable battery which allows easy recharging and replacement.


  • 250W motor
  • Six-speed transmission
  • 36V 10AH battery
  • Comes mostly assembled
  • Can go up to 30 to 35 kilometers on a single charge
  • Long-lasting battery life
  • Very comfortable
  • Extremely easy to assemble
  • Lacks some transmission modes of previous bikes

8. Tomasar Folding Electric Bike with 26 Inch Wheel

Best Electric Bike Under $500 2021
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The Tomasar Folding Electric Bike is a great solution for those who want to stay fit, but don’t have space for a full-size bike. With its folding design, this bike can fold easily into any room in your home or office. Why ride a bulky bike when you can have a lightweight and convenient alternative. The Tomasar will help you to get fit and healthy without creating more clutter and space.

This electric bicycle adopts a foldable design, with a 36V 250W Lithium-Ion battery with a removable controller, premium full suspension, and quality gear. The bike has two working modes: full throttle and boosting mode. With two powerful motors, the bike can reach its top speed of 15 mph.

The high-speed brushless gear motors give the bike a powerful acceleration. With this bike, you will enjoy riding in a comfortable and convenient way.

Tomasar electric folding bike provides a great way for people to ride easily while commuting to work and school, riding on the road and mountain trail. The bike is made of high-quality aluminum alloy which can last for a long time.

Need quality and cheap electric bike than your expectation. If you are looking for a folding electric bike, Tomasar 21 inch portable folding electric motorbike is a perfect choice for you. With a 26 inch wheel, the lightweight electric bike is highly portable and easy to carry. The bike has two modes: 2 working modes.
28-inch frame and the 26-inch wheel is a perfect combination, you can enjoy riding this folding electric bike by yourself or with friends.


  • 3 main modes
  • 36V 8AH battery
  • 21-speed transmission
  • 26-inch bead tires
  • front and rear mechanical brakes
  • Very easy to use
  • Large battery life
  • Works on all terrains
  • It doesn’t have adjustable seats

9. CLIENSY 26″ Aluminum Mountain Electric Bike

Best Electric Bike Under $500 2021
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Electric mountain bike for adults, it has a high-quality aluminum frame which makes it lightweight and durable. It has a 21 speed Shimano rear derailleur, a Shimano front derailleur, 26″/650C specially designed bicycle wheel with a PU trim. The 36V/10AH lithium battery is removable and replaceable which can be charged in 4-6 hours.

It is a convenient way to move to and from work, school, and running errands. The bike handlebars, seat, pedals, and wheels are equipped with LED lights for safe riding at night. This bicycle provides a comfortable ride whether you ride on flat ground or pedaling up hills.

Moving with this bike is a fun experience that lets you enjoy the outdoors and escape from your everyday routine. This bike is an excellent choice for adults that want to stay active.

The CLIENSY 26″ Aluminum Electric Mountain Bike is a durable, well-built E-Bike that can go up to 30km/18.5 miles (depending on the terrain) on one charge, making it ideal for commuting to work, running errands, or riding through the city. The bike is equipped with a 36V/10AH Lithium Battery that has a superb battery life and can be easily charged via the provided wall charger.


  • Large 36V/10AH battery
  • 21-speed combinations
  • Three main modes
  • dual disc brakes
  • can ride up to 35 kmph
  • Easy to use
  • Suitable on any terrain
  • Is easily returnable
  • You will have to assemble it yourself

10. Speedrid 26 Electric Bike for Adults, Electric Mountain Bike/Electric Commuting Bike

Best Electric Bike Under $500 2021
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The most flexible and durable electric bike ever made. The design focus was on the rider’s comfort and performance. The bike has Shimano 21-speed gears for faster speeds and a suspension seat post to ensure a comfortable ride.

The 29-inch frame is made of 6061 High Tensile Aluminum alloy which is light, durable, and easy to maintain. The large step-thru frame makes climbing easy.

Medium geometry, this endurance bike fits most riders and its sleek design is perfect for modern city cycling. Equipped with a powerful 36V 8Ah lithium-ion battery, and weighing only 26 lbs, this electric mountain bike can reach speeds up to 17mph for long-distance cruising.

With a padded seat and upright handlebars, the electric commute is as comfortable as it is easy. This powerful bike can take you from work to play in no time.

SpeedRid is the best electric mountain bike for adults. Great for fast riding, racing, and commuting. It is the perfect machine for a person who needs to go up and downhills.


  • 21-speed configurations
  • Three bike modes
  • 36V 8AH battery
  • 85% assembled
  • 15 to 30 miles on a full charge
  • 21-speed configurations
  • Three bike modes
  • 36V 8AH battery
  • 85% assembled
  • 15 to 30 miles on a full charge
  • May not be as damage resistant compared to other bikes

Learn more about electric bike classification.

Related Guide:

Best Bike for Overweight Female and Heavy Riders

How to Choose the Best E-Bike Under $500 – Buyer’s Guide

There are many different types of bikes for every interest and every budget. If you’re looking to buy a bike Under $500, then you’ve got plenty of options to choose from. Electric bikes offer a lot of advantages when compared to gas-powered ones. To help you out, we’ll discuss some of the main factors you need to consider when choosing an electric bike.  First, let’s check the shapes, size, weight, and battery life of the bike.

Battery life:

Battery life is one of the most common topics discussed on electric bike forums and online discussion boards. There are many different configurations of the battery used in electric bikes meant to maximize performance or to ensure long-lasting battery life. Ample research and hands-on experience are necessary in order to determine which type of battery is best for your electric bike.

If you’re looking for an eBike battery that can handle the rigors of regular riding, look no further than a Lithium-ion battery. Lithium-ion batteries are lightweight and efficient, and some bikes use them due to their relative ease of use/maintenance.

Lithium-ion batteries also have a longer lifespan than other types of batteries, so you aren’t constantly replacing your battery as you ride. A Lithium-ion battery is also safer to use than other types of batteries in that it won’t overheat when the ride gets hot.