10 Best Budget Treadmill under $500 – Shopping Guide 2020

You can buy best budget treadmill under $500 for your living room, home gym or office, etc. to stay active and exercise by making your home or workplace into a makeshift fitness studio. Whilst spending this amount implies that you are looking for upgraded designs, robust machinery & motors, more effective top speeds, and a fistful of advanced specifications, that fully justify the budget of treadmill users. 

Top-rated treadmills that are on a budget come with easy-to-spot screens showing your stats in real-time, have quiet motors, come with foldable designs, and offer easy portability. Keeping all these features in mind, we have highlighted some of the best treadmills in this price bracket to enlighten you with a clearer idea of what kind of treadmills will best suit your needs.  

10 Best Budget Treadmill under $500 in 2020

Let’s dig in the details about best budget treadmill under $500:

1. Sunny Health & Fitness SF-T4400

Sunny Health & Fitness SF-T4400 comes in the price range of $500. It has plenty of benefits to offer. It features a running belt of 49” x 15.5”. Although it is not very large, still it can be a good option for many joggers and light runners. It is assembled with a strong motor of 2.2 HP delivering speeds of up to 9mph. 

Moreover, you can view your workout stats on a bright LCD screen with nine built-in programs. It has a convenient pause feature at the central console. The pausing function of the treadmill will pause the running belt but your workout data will remain intact.

This affordable treadmill brags a heart rate monitor, safety key and quick-speed buttons. In addition, It also has a shock-absorption deck, water bottle storage, transportation wheels, and soft drop system.     

Sunny Health & Fitness SF-T4400 under dollar 500
Sunny Health & Fitness SF-T4400


  • Motor: 2.2 HP
  • Speed: 0.5 to 9mph
  • Incline: Three positions (Manual)
  • Belt Size: 49” x 15.5”
  • Folding: Yes
  • Weight capacity: 220lb
  • Dimensions: 62”L X 25.5”W X 50”H

Additional Features: Bright LCD screen, Pause feature, A heart rate monitor, Safety key, Quick-speed buttons, Shock-absorption deck, Water bottle and mobile storage, Transportation wheels, and Soft drop system.  

Pros Cons
Shock absorption deck Small running belt 
9 Built in programs  
LCD screen, heart rate monitor, & quick controls.  
Transportation wheels for easy transit  

2. Weslo Cadence G 5.9

The Weslo Cadence G 5.9 Treadmill is another folding treadmill that saves the space when not being used in offices and homes, etc. The treadbelt running surface is 16W x 50”L with footprint 68 x 31x 10 inches and it weighs 117 pounds. The fringe benefit of Weslo Cadence G 5.9 is that it provides cushioning to make walking and running more comfortable. It has six workout programs along with adjustable incline having two-position.

This folding treadmill can be best budget treadmill under $500 that turns out to be a good value for money. It only requires 30 minutes to assemblage. It also has a heart rate monitor. Its motor produces no sound or you can also say that it is quieter than other folding treadmills in the same price range.

Weslo Cadence G 5.9 best budget treadmill
Weslo Cadence G 5.9 Folding Treadmill


  • Weight capacity: 250 pounds (113 kg)
  • Speed: 10 Mph (16 Km/h)
  • Motor: 2.25 HP
  • Incline: 2-Position (Manual)
  • Belt Size: 16W x 50”L
  • Dimensions: 64.5”L x 29”Wx 55.5”H

Additional Features: A heart rate monitor, Six workout programs, Quieter motor.

Pros Cons
Six workout programs Provides less additional features. 
Monitor and observe your heart rate  
Quiet motor  
Consume less space  
Cushioned treadmill belt  

3. Merax Electric Folding Treadmill

This folding treadmill from Merax is a sensible consideration as the best budget treadmill under $500 in 2020. It depicts very good features like a user-friendly central console with a simple LED screen providing a clearer view of the workout details. Under this price cap it also has a built-in aux sound system offering amplification of your tunes to make your workout amusing.

Moreover, it incorporates a heart rate monitor, media shelf, safety key, and transportation wheels to make the portability easier. This smart treadmill is more apt for lighter joggers and those with smaller strides because of the small size of belt i.e., 43.3” x 15.7”. The belt is made from a comfortable anti-slip lawn texture with quick controls. Its motor has a speed of 7 mph but its lower top speed is suitable for  joggers and walkers more than runners.     

Merax Electric 7mph folding budget treadmill
Merax Electric 7mph Folding Treadmill


  • Motor: 1.5 HP
  • Speed: 0.5 to 7mph
  • Incline: Three positions (Manual)
  • Belt Size: 43.3” x 15.7”
  • Weight Capacity: 240lb 
  • Dimensions: 55”L x 23.5” W x 43”H

Additional Features: User-friendly central console, Simple LED screen, A built-in aux sound system, Heart rate monitor, Media shelf, Safety key, and Transportation wheels.  

Pros Cons
Anti-slip texture of running belt Low top speeds for joggers and walkers only
Incorporates heart rate monitor Small size of belt
User-friendly central console  
Built-in aux sound system  

4. ProForm Performance 300i Treadmill

ProForm treadmills start its price cap from a couple of hundreds of dollars up to a couple of thousands. ProForm Performance 300i Treadmill is one of the most affordable treadmills of ProForm. Regardless of such a low price, the performance of this treadmill is way better than many of the expensive models. ProForm Performance 300i is an entry level treadmill but it comes with better built-in features than comparably priced treadmills.

It features bluetooth connectivity to track progress, although this is usually a feature that you only get with considerably more priced treadmills. Use iFit app (iOS and Android) to get your workout stats to track your progress by connecting it with the bluetooth. This treadmill is compact, easily portable and can get through a doorway easily.

Under $500, The Performance 300i comes with the warranty that you would not expect from another treadmill. Its motor has 25 years whereas parts and labor has 1 year of warranty.  

ProForm Performance 300i under 500 dollars treadmill
ProForm Performance 300i Treadmill           


  • Motor: 2.0 HP
  • Belt Size: 16”W x 50”L
  • Foldable: Yes
  • Weight Capacity: 300 pounds
  • Incline: Up to 10%
  • Speed: Up to 10 miles per hour (16 Km/h)
  • Dimensions: 65” L x 29” W x 55” H

Additional Features: Heart Rate Monitor(by gripping handles), Heart Rate sensors on handles, Built-in Bluetooth, Easy to transport, Built-in speakers, and Preset programs.

Pros Cons
Supports iFit app (iOS and Android) The deck is small for tall people. 
Bluetooth connectivity  
Heart Rate Monitoring  
Easy Portability  

5. XTERRA Fitness TR150

The TR150 is one of the top picks from XTERRA Fitness (makes some of the best fitness equipment). It features 16”W by 50”L XTRASoft treadmill belt which is a great option for wider running stride. The TR150 can handle speeds up to 10mph. It just not only offers intense running but also, three different incline options that enhances the potency of your workouts.

It features 12 different pre-programmed workouts that result in a varying stimulus of your body. There is a heart rate monitor integrated into the handles that helps you monitor your heart rate constantly during the workout. The TR150 has a large 5” display screen which gives it a more higher-end outlook. The display screen helps you to track your calories, speed, distance, and time.

It has an impressive motor of 2.25 HP and three manual incline settings for walking, jogging and lighter running. It has a lifetime warranty of frame, 1 year of motor, 90 days of parts and labor.       

XTERRA Fitness TR150 budget treadmill
XTERRA Fitness TR150


  • Motor: 2.25 HP
  • Speed: upto 10mph
  • Incline: 3 Manual positions
  • Belt Size: 16”W x 50”L
  • Folding: Yes
  • Weight Capacity: 250 LBS
  • Dimensions: 63.4″ L x 28.75″ W x 51.4″ H

Additional Features: Heart rate monitor, XTRASoft cushioning, 5” display screen, 12 pre-programmed workouts, Quick speed keys, Accessory holders, Reading rack.

Pros Cons
3 Manual incline positions  Small size of LCD display
12 pre-programmed workouts  
Large 5” display screen  
Accessory holders and Reading rack.  

6. GoPlus 2 In 1 Folding Treadmill

GoPlus 2 In 1 Folding Treadmill comes with the classy outlook and available in unique design and color. You can use it in your homes or offices as your own walking desk. Goplus features a powerful 2.25hp motor that can easily cater to the intense workout. The handrail can be raised and used as handles to provide you support while doing the workout.

You can change the speed of the belt using a remote, especially, when you are using Goplus in walking mode. The walking speed is 1-4 mph while running speed is 1-12 mph. At this price point, having a built-in bluetooth speaker is an astounding feature. You can just connect it with your phones and enjoy your workout with music. Its running belt has a 5-Layer non-slip texture which prevents any damage to your knees or joints in case of accidents.

It offers 12 built-in workout programs (Auto and Manual) according to your needs. GoPlus 2 In 1 Folding Treadmill comes in a very space-saving design with the dimensions 46″W x 20″L x 43″H. Other amazing qualities of this treadmill are its quiet motor and shock absorbent noise reduction system.

GoPlus 2 In 1 best budget folding treadmill
GoPlus 2 In 1 Folding Treadmill


  • Motor: 2.25 HP
  • Speed: upto 12mph
  • Belt Size: 40″ W x16″ L
  • Folding: Yes
  • Weight Capacity: 220lbs
  • Dimension: 49” L x 27” W x 42” H

Additional Features: Remote Control, Phone Holder, Safety Key, Power Cord,  LED Display, Built-in Bluetooth Speaker.  

Pros Cons
Shock absorbent noise reduction system The motor is not that powerful.
12 built-in workout programs   
Space-saving design   
Built-in bluetooth speaker  

7. Efitment T012 Best Budget Treadmill under $500

The T012 from Efitment boasts sleek and aesthetically-pleasing designs. It exhibits some valuable core performances while bragging some great additional features as well. It has a pulse motor of 2.2 HP with a top speed of 9mph. The size of the belt is 15.5” x 47” whereas the most prominent feature is its 15 levels of motorized incline positions. 

All the other treadmills in the sub-$500 price range don’t have this level of incline options. Other highlighted features of Efitment T012 include built-in speakers and Bluetooth connectivity to make your workout full of fun. It has 9 programs of workout to meet the varying goals of your exercise. You can walk, jog, or run on this spacious treadmill and can track your progress on the digital monitor. 

Efitment T012 Best Budget Treadmill under $500
Efitment T012 Best Budget Treadmill under $500


  • Speed: 0 to 9mph
  • Motor: 2.2 HP
  • Belt Size: 47”L x 15.6”W
  • Folding: Yes
  • Incline: 0 to 10% (Motorized)
  • Weight Capacity: 220lb
  • Dimensions: 63” L × 27” W × 50.5” H

Additional Features: Backlit display screen, 3mm Audio Aux, Bluetooth connectivity, Built-in speakers, Quick speed buttons, Integrated device holder.  

Pros Cons
Soft drop hydraulic system Can be a bit expensive. 
9 programs of workout   
Built-in speakers and Bluetooth connectivity  
Backlit display screen  
15 levels of motorized incline  

8. MaxKare 801 Folding Treadmill

The 801 from MaxKare is another reasonable choice that complements your price range and comes with many appealing features. It has a relatively quiet and powerful motor of 2.5 HP with a speed of up to 8.5mph. The noise reduction feature ensures that your workout is whisper-quiet regardless of how hard and fast you are running or jogging. 

Its 17 inches wide multi-layer belt caters to the intense workout for wider users. It comes with the manual three-angle incline option. The whole assembly of MaxKare 801 includes a heart rate monitor, controls built into the handles, nicely-sized background-lit LCD screen (display all your workout details like speed, calories, time, heart-rate, etc.)

MaxKare 801 can endure the weight capacity of 220 pounds, which seems to be ideal for every range of users. The running deck is sturdy and cushioned with rubber to offer a safe workout. The 801 from MaxKare comes in a compact and ergonomic design that easily fits in a short space. It offers 15 Pre-set Programs to meet the different needs of your exercising goals.

MaxKare 801 folding best affordable treadmill
MaxKare 801 Folding Treadmill


  • Speed: upto 8.5mph 
  • Motor: 2.5 HP
  • Belt Size: 17 inches
  • Folding: Yes
  • Incline: 3 Manual positions
  • Weight Capacity: 220 pounds
  • Dimensions:53.39” x 26.18” x 45.95”

Additional Features: Quiet motor, Heart rate monitor, Controls, background-lit LCD screen, Cushioned running deck, 15 Pre-set Programs, Anti-shock system    

Pros Cons
Wide background-lit LCD screen Maximum top speed is only 8.5 MPH
Anti-shock system  
Easy to assemble  
Compact Design – Can fit almost anywhere  

9. Exerpeutic TF1000 Electric Treadmill

It is a Walk-to-Fitness Electric Treadmill that is only used for walking. It is foldable and has an incline with 2 positions. Due to its compact assembly, it is quite space-saving. It is considered as one of the best treadmills for walking purposes. You can also use this treadmill for fast-paced brisk walking. Its speed ranges up to 4 miles per hour or 6.5km/h.

Exerpeutic TF1000 has exceptional weight capacity and can endure weights up to 400 pounds. One of the major benefits is its wide belt i.e., 20″ that makes the walk safe and comfortable for heavy persons. Another distinct feature of Exerpeutic TF1000 Walk-to-Fitness electric treadmill is that it has long handles with integrated heart rate sensors that are way better than thumb only heart rate monitors.       

Exerpeutic TF1000 Electric best budget treadmill under 500 dollars
Exerpeutic TF1000 Electric Treadmill



  • Speed: 4MPH (6.5 Km/h)
  • Motor: 1.5 HP
  • Belt: 20″W
  • Folding: Yes
  • Weight Capacity: 400 pounds (180 kg).
  • Incline: 2-Position manual
  • Dimensions: 63” Lx 32” Wx 51.2” H

Additional Features: Heart Rate sensors, Long Handles, Quick controls.

Pros Cons
Heart Rate sensors on handles Can not be used for running. 
Can endure heavy weights.  
Convenient speed controls  

10. Ravent Electric Motorized Treadmill

The Ravent Electric Motorized Treadmills cater to the needs of the people who want a basic or minimalist exercise approach. It is very easy to assemble and occupies less space. Its compact design allows a fast-folding mechanism that makes transportation quite easy. 

The power of Ravent Electric Motorized Treadmill’s motor is 1.5 horsepower with the belt speed of about 0.5 to 6 miles per hour. It can endure a maximum weight of 220 pounds. Although, it lacks some additional features like Bluetooth connectivity, shock absorption, tracking metrics, etc. It offers 12 built-in workout programs and to traverse the stats there is a back-facing LCD screen that shows you distance, time, and calories burned. 

The handrails have easy to reach control so that you have immediate access to start or stop the treadmill. It comes with a Level 6 damping system, double deck running board with anti-slip & anti-static lawn texture.   

Ravent electric motorized under five hundred dollars
Ravent Electric Motorized under $500


  • Speed: 0.5 to 6 miles per hour
  • Motor: 1.5 HP
  • Belt: 41″L x14″W
  • Folding: Yes
  • Weight Capacity: 220 pounds(100kg)
  • Dimensions: 49.21” Lx 23.58” Wx 42.13” H

Additional Features: Low noise motor, Handrail controls, 12 built-in workout programs, Soft drop system, Heart Rate Sensor.

Pros Cons
Low noise motor Less powerful motor
Anti-slip lawn texture running belt Less additional feature
Quick Handrail controls  
Heart Rate Sensor  
Easy to frame up  
12 programmed workouts  

Important Aspects while shopping a $500 Treadmill

You can invest more money to bring you more lavish treadmills. However, under this price cap, the most prominent features we must look for are stronger motors, adequate belt space, and incline options. The lower-priced models still have entry-level advanced features to make the user feel comfortable and luxurious under this affordable territory. Here are some of the important aspects one must keep track of while shopping for a treadmill for $500:    

Running Belt Size:

Some of the aforementioned treadmills are not gym-graded. Therefore, the size of the running belt is a crucial consideration while shopping for them. The belt of treadmills under this price cap is bigger than many other entry-level treadmills. The average size is 15.5” W and 47” L that is easily suitable for those who are less than 6ft.

The design of most of the treadmills in this price range is foldable. They look pretty decent and give a stylish look to your modern living. Treadmills should be compact in design and must have transportation wheels so that you can easily transport them whenever or wherever you want. Some treadmills have hydraulic assistance to make the movements smooth.    

Essential Components:
The motor should have decent power that is at least 1.5 to 2 horsepower. Whereas, the top speed should be at least 7 to 8mph. It can be more than that. It should be adequate for the walker, runner, and joggers. It should have corporate digital heart rate monitors, sensors, and Shock Absorption metrics.

Additional Features:     
The treadmills under 500$ boast some additional features including Bluetooth support, integrated speakers, and a back-lit display screen to view workout stats. 

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