Best Budget Treadmill under $500 in 2020

Are you looking for the best exercise equipment to lose weight, at an affordable price? If yes, then you are in the right place. because we are about to share the list of best budget treadmill under $500 available on amazon If you are someone who works 9 to 5 at an office, probably more than that, or you are someone who has a really busy routine where you don’t find time for yourself, chances are that you will start feeling like you are out of shape.

This feeling occurs because you don’t find time to exercise, jog, go for walks and runs. Also, you can’t spare any time, not even an hour to go to a local gym and using all those best machines for weight loss and fitness.

If you are the person that I am describing above, then the only thing you need to do is getting the best home exercising equipment for yourself. Now you must be thinking “What is the best exercise machine for weight loss”, right? Well, the answer is, a treadmill.

By getting this best gym equipment for weight loss and toning, you will save yourself from the hassle and inconvenience of going to a gym, you will have the best weight loss machine that you can enjoy anytime in the comfort of your house.

The next problem that we face is the price we have to pay for getting a treadmill. A few years ago, we had to pay at least $1000 to get a good and high-quality treadmill. But nowadays in this competitive market, you can easily find a treadmill under $500.

Finding the best budget treadmill can be a tedious task, but don’t worry, we have got your back. In this article, we are going to present you with our pick of the 10 best treadmills under $500 along with their features, pros, and cons. Also, we have compiled a short guide with some tips and things you should consider while you are buying a treadmill. Have a look at that too. Happy Reading!

Things to look for when buying a budget treadmill

Don’t get in a hurry and buy the first treadmill you lay your eyes on. There are a lot of essential things and features to consider before buying one. We have narrowed down a shortlist of features that you should look for, keep reading!

  • Size: The first thing you need to consider is the size of the treadmill and how much space it is going to take in your house. Some treadmills are compact, while some are not. If you are low on space, then always buy that is compact in size or is foldable. Trust me, you do not want to spend your money on something that will cause your inconvenience later.
  • Belt Size: The next important thing to consider is the belt size or deck of the treadmill you want to buy. There are treadmills with short and long decks both, you just need to figure out which one will suit you. If you are buying a treadmill for your home gym to perform simple exercises like jogging and running, then treadmills with short decks will be perfect for you as they consume less space while working efficiently too.
  • Durability and Warranty: Though we are talking about budget treadmills, we still don’t need to compromise on quality and convenience. Make sure you get a treadmill that has the strongest and sturdy construction, the material used is durable, and it is offering an ideal time of warranty to provide you with worry-free use.
  • Weight Limit: Make sure you buy a treadmill that offers a maximum weight limit so that even a heavy person can use it efficiently. We would suggest buying a treadmill that offers a minimum of 400-lbs weight capacity.
  • Foldable Design: Again, if you are tight on space, and looking for something compact then instead of compromising on the deck size, go for a treadmill that can be folded for easy storage and portability. Not all treadmills are foldable, but in our review, there are few. You can select one from there.

Hare is our selected Top 10 best treadmills under 500

Now that you have gone through the important features and things to consider, let’s take a look at our top ten recommendations.

ProForm Performance 300i Treadmill

proform performance 300i Treadmill

ProForm is a well-known brand and is offering high-quality exercise equipment like treadmills, exercise bikes, and rowing machines for a long time. Recently, ProForm launched a line of treadmills that are affordable and under the budget of $500, and this ProForm Performance 300i is one of them. But don’t worry, it has all the features and specs that a high-end treadmill has.

Experience and Performance

It is considered as an entry-level treadmill and is equipped with a 2.0 horsepower motor that provides a speed of up to 10mph. Moreover, this treadmill can support a maximum weight of 300-lbs, which is ideal. Despite its lower price, it comes with a high-tech feature like Built-in Bluetooth, which is only seen in high-end and expensive treadmills. Crazy, right?

Also, you can connect the treadmill with your iFit App through your Android or iOS device to monitor your workout status and track your progress and stats. Moreover, it has a super effective and comfortable deck that measures 18 x 50” and is equipped with approximately 15 built-in workout routines and 10 incline settings. Moreover, it features heart rate sensors on handles to effectively track your heart rate.

Moving towards the size of the treadmill, it is small and compact which makes it ideally portable and convenient to move from one place to another, it can even be passed through a doorway. The best part is that it comes with the best warranty – lifetime on frame, 25 years on the motor, and 1 year on other parts. All in all, it is the best machine for weight loss that you can find under the budget of $500.


  • Built-in Bluetooth
  • Long term Warranty
  • Heart Rate Sensors on handles
  • Portable and easy to move
  • Small and compact in size


  • The deck size is not ideal for long people.

Miageek 2 in 1 Under Desk Folding Treadmill

If you are looking for something compact and easy to store, then this Miageek Foldable Treadmill is the best option for you. As the name implies, it is a 2 in 1 treadmill, with its foldable handrail, you can use it as an under-desk walking machine and as a proper running treadmill for heavy workouts, both. Also, it comes with multiple speed settings for you to customize your exercise experience.

Experience and Performance

First of all, it is extremely easy to use and setup, you will spend less time assembling and more time exercising. It is equipped with a 2.2 HP motor and a shock-resistant system. This treadmill will provide you with a whisper-quiet operation no matter how fast and hard is your workout. Moreover, it features a multi-functional LED Display controller that allows you to track the speed, distance, time, and calories burned.

Talking about the deck, it has an absorbent technology that can absorb all sorts of impact for you to conveniently and comfortably workout anywhere you like, whether at your office or at your home. The walking area of the deck is 16” x 40” and its strong and sturdy steel frame has a maximum weight capacity of 220 pounds. Moreover, you can connect your phone and TV to this treadmill with the built-in Bluetooth to enjoy your favorite songs and shows while you are running.

It also allows you to change and adjust the speed instantly with remote control and in case of emergency, you only need to reach out to the safety key to stop it immediately. Overall, this treadmill is ideal, portable, and comes fully assembled. What else do you need? This transportable treadmill can be your best home gym equipment for weight loss.


  • Foldable Design
  • The central console can be lowered and raised according to your desire.
  • Portable and easy to move from one place to another.
  • Provides you with whisper-quiet operation.
  • Equipped with high-tech features
  • Durable, strong, and sturdy build.


  • The running deck didn’t have feature of incline and decline

MaxKare Folding Treadmill Electric Motorized Running Machine

If you are looking for a budget-friendly yet efficient treadmill, then this Folding Treadmill by MaxKare is the perfect option for you. This folding treadmill is one of the best midrange treadmills available in the market right now. Also, it comes with numerous appealing features along with all the installation tools and guidelines for you to assemble it and start your workout quickly and smoothly.

Experience and Performance

This machine has a rock-solid and strong build and framework along with decent looks and classy design. In terms of performance, this treadmill is equipped with a 2.5 HP powerful motor offering the speed of 8.5 mph – which is obviously not the fastest on our list, but not the slowest either. Moreover, the motor has a noise reduction feature that ensures you get a whisper-quiet operation no matter how hard and fast you are working out.

The belt size is 17”, which is wide enough and can endure a maximum weight of 220 pounds, which is ideal. The deck is durable, strong, and sturdy and is padded with a line of rubber to ensure a comfortable and safe workout. Also, it features a medium-sized LED Display that allows you to monitor and observe the data like speed, calories burned, time, and heart rate.

The folding system is extremely easy to use, and you can adjust the speed settings according to your desire for a customized workout. Moreover, it has a compact and ergonomic design and can easily fit in even if you are short on space. All in all, it is the best option if you want a high-intensity workout at an affordable price.


  • Ergonomic Design
  • Wide belt range
  • Equipped with LCD Display
  • Easy to use and assemble
  • Rubber padded deck
  • Foldable and Compact


  • Even the top speeds are kind of low

EFITMENT Slimline Motorized Treadmill

EFITMENT is a well-known company for producing high-quality fitness equipment at an affordable price.  This slimline Motorized Treadmill is also one of its kind by being affordable yet highly efficient. Also, it is an ideal option if you are looking for something for personal use like at your home or office. The treadmill can be folded and has wheels for portability. It is a perfect option for walking and jogging both.

Experience and Performance

This efficient Treadmill is constructed with high-quality and strong heavy-duty steel. It is equipped with a 1.5 HP powerful motor that can provide with speed level up to 7.5 mph – not that high, but still, amazing. Its maximum weight capacity is 220 pounds and you won’t have to worry about it making noise, its amazing motor will provide you with a whisper-quiet operation. Moreover, this treadmill allows you to adjust between two incline modes according to your desire.

Talking about the control panel, it is highly equipped and you hardly find such a panel at this price range. It has an LCD Display that allows you to track stats like the time covered, heart rate, distance, speed, and calories burned. Moreover, it is equipped with a 3mm Audio Jack and a built-in Bluetooth connection for you to enjoy your favorite music while you are doing your workout. Additionally, it has pulse grip monitors on the handrails that determine the heart rate and the calories you have burned.

It has a shock absorption surface that prevents your knees, ankles, and legs from soreness and pain. Also, it features Emergency start and stop buttons along with a safety key to stop the treadmill immediately in case of an accident or mishap. Overall, it is an amazing treadmill that is budget-friendly yet efficient. We surely declare it as the best exercise machine to lose weight.


  • Affordable & Budget-friendly
  • Foldable
  • Offers two incline options
  • High-tech control panel
  • Whisper-quiet operation


  • The running belt offers a maximum speed of 7.5 mph, which is relatively low as compared to other treadmills available at this price range.

Sunny Health & Fitness SF-T7515 Smart Treadmill

The SF-T7515 is a product from the series of treadmills launched by Sunny Health & Fitness. It’s a walking and jogging motor with a light motor, to be honest, but still, it is equipped with some high-tech and extra features that forced us to include this in our list. Again, it is really affordable and has 12 preset programs, so this treadmill is really a win-win offer

Experience and Performance

This treadmill is constructed with a durable and strong steel frame that can support a maximum weight capacity of 250-lbs, which is ideal and sufficient. The machine has a compact design and is slightly heavy at the same time. It weighs 120-lbs and offers a great amount of firmness. Despite the fact that it is heavy, relocating and moving it from one place to another is not a problem. The wheels attached makes it extremely portable.

This treadmill is equipped with a lightweight 1 HP motor, so you can only use it as a walking machine, not for jogging or heavy workouts. Also, this treadmill doesn’t have an incline system so you can’t change the angles. It doesn’t offer a whisper-quiet operation, but it will be nearly quiet. There is an LCD Display at the console that tells stats like time, distance, pulse, sleep, calories, and heart rate. Another amazing feature that we love about this treadmill is that it has a built-in Bluetooth feature. With the Bluetooth feature, you can enjoy your favorite music and listen to important calls while you are doing your workout.

The console has 12 preset programs, they all set the belt velocity automatically and some of them can even change the incline. Other than that, the maximum speed it offers is 8 mph, but not for heavy running. All in all, it might not be the best option on this list, but still a good one. The construction is strong and sturdy, it is easy to use and setup, and requires less maintenance. Most important, it will be light on your pockets.


  • Built-in Bluetooth Feature
  • 12 preset programs
  • Efficient Core Performance
  • Features a LED Display
  • Low power consumption


  • Equipped with a 1 HP motor, which is light and slow
  • Less equipped than other treadmills at this price range

XTERRA Fitness TR150 Folding Treadmill Machine

The next on our list is this powerful and famous TR150 Folding Treadmill Machine by XTERRA Fitness. It is a great performing treadmill with features that are worth considering. This machine is considered the best home equipment for weight loss. You can use it for walking, jogging, and light running. Also, it perfectly falls in the $500 world.

Experience and Performance

This treadmill is equipped and powered by a 2.25 HP Motor, that is powerful, impressive, and offers high power. Also, the motor allows the machine to provide you with a whisper-quite operation while saving you from annoying and unwanted noise. Moreover, this treadmill offers a speed range of 0.5 – 10 mph, which is amazing as compared to the price.

The console is equipped with a small 5-inch Display that displays all the necessary stats like speed, calories burned, time, distance, pulse, and heart rate. The deck size is 16” x 50”, which is also ideal. With its strong construction and robust framework, this treadmill can easily endure high-intensity workouts, without any inconvenience.

Additionally, it offers three manual inclines along with a weight limit of 250 pounds. All in all, though it is the smallest model by the brand, it is still highly equipped with a brilliant performance and workout experience. The best part, it is affordable.


  • Foldable Design.
  • 2 manual incline settings.
  • Whisper-quiet operation.
  • Features an accessory holder.


  • The LCD Screen is small.

Fitness Reality Tre5000 Compact Folding Electric Treadmill

The Fitness Reality Tre5000 Folding Electric Treadmill is a compact, lightweight, and effective treadmill by Fitness Reality. As the name implied, it is foldable and with the help of this treadmill, you can enjoy your workout in the comfort of your own house while watching TV or listening to music.

Experience and Performance

This treadmill has a maximum weight capacity of 220-lbs. Also, it is equipped with a powerful motor that requires zero maintenance and provides a nearly-quiet operation. Also, it provides a maximum speed of 5mph, which is ideal for walking and slow running. Moreover, this treadmill features an LCD Display that determines the time, distance, heart, and pulse rate.

Additionally, it is equipped with an extended belt – 15” x 42” in dimensions. The best part, this treadmill features Heart Pulse Sensors along with padded foam handlebars to provide you with balance while you are running. Other than that, there is a bottle holder and wheels for easy transportation. All in all, it is a great product, with amazing features while being affordable too.


  • Heart Pulse Sensors
  • Foldable and Portable
  • Transportation wheels
  • 5 years warranty


  • The operation is not as quite as it claims to be.

Ancheer 2-in-1 Folding Treadmill

If you spend long hours in the office while working, then this Ancheer 2-in-1 Folding Treadmill is the ideal option for you. Ancheer has been providing us with sports equipment for a long time along with a series of treadmills. This Folding treadmill also has no exception and meets the standard of the company.

Experience and Performance

This treadmill is small and compact in size, and with its foldable design, it can even fit underneath your desk. It is equipped with a 2.25 HP powerful motor that gives a top speed of 4mph, which is best because you are only using it as a walking machine while you are working, right? Moreover, its portable design is easy to move around.

It does not have any Bluetooth or internet connectivity options but is equipped with a large LCD display that shows you all the necessary stats like heart rate, pulse rate, speed, and distance along with a remote control to change the settings. Also, the treadmill comes ready to use, you just need to unfold it. All in all, it is affordable and a great option if you are looking for something simple.


  • Affordable
  • Portable Design
  • Strong and Sturdy Construction
  • Comes with a Remote Control


  • No incline decline options
  • No workout programs

Merax Electric Folding Treadmill

The next we have is this amazing treadmill by Merax. All of the machines by Merax are strong, durable, and provides a satisfying performance. We can surely say that the case is the same with this Electric Folding Treadmill too. It has a couple of amazing features along with a foldable design for you to store it easily.

Experience and Performance

This foldable treadmill is powered and equipped with a strong 1.5 HP motor that provides a speed range of 0.5 – 5 mph. With this smart and sleek treadmill, you can easily take a simple walk or a run to burn your calories. Moreover, this treadmill features a large multi-functional LCD Display that allows you to see and monitor the speed, distance covered, heart rate, and pulse rate.

This machine offers you approximately 12 preset programs and 3 countdown modes to provide you with a comfortable workout experience. Additionally, there is a built-in USB port, you can plug in your phone in it and enjoy your favorite music or playlist while you are burning your calories. This machine is not highly equipped with features like others on the list, but still, it is a great and affordable option.


  • Large LCD Display
  • Powerful 1.5 HP Motor
  • Foldable and Portable


  • It is not advisable to fast runners due to slow speed (top speed: 5 mph).

Weslo Cadence G 5.9 Treadmill Series

Though Weslo is not a well-known name in the Treadmill industry, it still did a remarkable job with this Cadence G 5.9 Treadmill Series. We could not resist ourselves putting this on our list after reading all those remarkable and highly positive reviews. Trust me, it is the best budget weight loss machine you can find for your home.

Experience and Performance

This treadmill is equipped with 6 built-in personal trainer programs to guide and kickstart your workout experience. Talking about the deck, it has a user-friendly design with comfort cell cushioning to prevent your knees and joints from pain and soreness. Also, it has a powerful motor that gives an efficient and quiet operation.

This weight capacity of this amazing machine is a whopping 275-lbs, one of its kind, right? Additionally, it features an LCD display to monitor your speed, heart, and pulse rate along with 2-manual inclines to provide you with a more convenient experience. All in all, this treadmill by Weslo is affordable and compact, it can easily fit in your room or apartment. Also, the sleek design is a plus point.


  • Affordable and good value for money
  • Easy to use and assemble
  • Quiet Operation
  • Comes with six personal trainer workouts
  • Excellent weight capacity


  • The size of the LCD display is small

Frequently Asked Questions

  • What is the best inexpensive treadmill?

According to us, ProForm 905 CST is the best treadmill for home use. It is equipped with a 3.0 CHP motor, which is highly efficient. Also, it is budget-friendly and economical.

  • What is the best treadmill under $600?

Sunny Health and Fitness T7643 with a weight capacity of 350-lbs is the best budget-friendly treadmill according to our research.

  • Which treadmill is best for home use?

Nordic Track T 6.5 Series and ProForm 505 CST are considered the best home exercise pieces of equipment for weight loss and exercises. They are comfortable, affordable, and really easy to use.

  • What is a good price for a treadmill?

The features of a good quality treadmill are that it will be quiet, comfortable, and easy to use. If you want a high-end treadmill with amazing features to offer, then you should spend at least 1000$ on it. However, if you want something simpler for home use, like just for a jog or run, then we would suggest you spend $500 or $600, not more than that. Just keep one thing in mind, you will get what you will pay for.

Wrapping Up

Up till now, you have gone through 10 of our favorite $500 treadmills to choose from, and we hope you have narrowed down to one. There are tons of others, but we can guarantee that the ones in our list are reliable, durable, and will provide you with a long time of satisfaction at a much low price.’

So, which one did you choose for your home gym? Don’t forget to tell us about your decision in the comments so others can cut their hustle, and we hope you make the right one. Happy Exercising!

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