The Best Treadmills Under $500 For Your Home Gym (2023)

When it comes to the best treadmills under $500 for 2023, keep in mind that these machines are built for very light use, so if you are looking for something that you can use daily for years, you might want to bump up to the $500-$1000 range if possible.

If not, our top picks will be just fine for light walking or jogging, rehabilitation, or use by the elderly for an easy cardio workout.

Below you will find our our expert picks of the top under $500 treadmills. These are your best bets for an entry level treadmill, starting with our top selection as well as three others to consider.  

You can check out the best current price for each model or read our review for more information including specs, pros, cons, etc.


Sunny SF-T7515

Best Features: Workout programs, incline capability, easy folding, increased speed range


Sunny Fitness SF-T7515 Treadmill


Xterra Fitness TR150

Best Features: Easy folding, great cushioning, high max weight capacity, 12 built in programs, heart rate pulse grips


Read Review

Xterra Fitness TR150 - Best Treadmill Under $500

Weslo Cadence G 5.9

Best Features: Foldable, workout selection, incline capability, low price


Read Review

Stamina In-Motion

Best Features: Foldable, transport wheels, portable, incline capability, low price


Read Review

Treadmills Under $500 - What To Expect

Those are our expert picks of the best treadmills under $500 for 2023. Note that all of these companies offer other models, so you might find one of their less expensive or more expensive machines  more appealing.

We chose the ones that appeal to the most people, with a good combination of features and functionality.

So what can you expect from the best treadmills under $500?

You'll find incline capability for adding some challenge to your workouts, basic LCD displays, walking and jogging capability and easy folding for storage post workout.

Some may give you advanced features like workout variation and Bluetooth tracking, but those are usually the ones closer to the $500 level.

If it is at all possible, consider bumping up to the $500-$1000 price category, as that will give you more options to consider and it will be a nice step up as far as quality, capabilities and features.

As you move up you definitely do get a lot more, and considering this is something you want to use for years, it makes sense to get something that you will really enjoy.

We've all read the stories about cardio equipment turning into clothes you want to avoid this by starting off with the right machine.

These companies: Xterra, Exerpeutic, Weslo, Stamina and Sunny, only make entry level treadmills for the most part.  And they do a pretty good job with it.  They give you as much as they can without raising the price, and for the most part customers have been very happy with their treadmills.

So if you want a treadmill and your max budget is $500, all of these machines will serve you well for light workouts...walking, jogging, rehab, etc.  

If you are going to do a lot of running, or you are on the taller or heavier side, you'll want to explore the higher price ranges.

Low Cost Treadmill Buying Tips

One of the most important things to do when it comes to the best treadmills under $500 is to read all of the available reviews.  This will give you a sense of what you can expect as far as set up, workouts, mechanical issues, customer service, etc.

Also, check out all of the company's offerings.  There may be a feature that you are looking for that is not on one treadmill but the other model has it at a similar price.  So think about the features you want vs the features you need and choose accordingly.

Look for deals like special discounts and free shipping.  For example, if you buy at Amazon you can take advantage of free Prime 2 day shipping on a number of low cost treadmills.

They also offer expert assembly which is something to consider if you're not very handy.

If there is a protection plan on top of the manufacturer's warranty, that is a good idea, especially on under $500 treadmills where something is much more likely to break down over time.

The additional coverage will help you sleep easy at night and usually doesn't cost too much more on top of the price of the treadmill.

Take your time...choose the treadmill that you think will fit in best in your home gym...consider size, features, capabilities, max user weight and warranty.  Get a full picture before you decide to take the plunge.

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