Best cheap electric guitars under $500 2024: epic electrics for smaller budgets

Just because you’re on a budget, doesn’t mean you can’t get as much guitar as possible for your money. With the right knowledge, it’s not hard to make your spending go as far as possible in 2024, and we’re on hand to help guide you in making the right purchase for your needs. With the best cheap electric guitars under $500, you might be surprised at how much you can get for your hard-earned cash.

We’ve spent a lot of time reviewing guitars for this guide, determining the playability of the neck, the sounds of the pickups, the durability of the hardware, and the quality of the finishing. We have a wide range of guitarists on hand here at Guitar World, from those who like to shred metal guitars to fingerstyle blues players. This means we get a balanced overview of what guitarists want in an instrument at this price point.

Our expert team will help you decide whether it has the right tone for your preferred genre of music as well as whether or not it’s a good match in terms of neck profile and general playability. If you’ve got any questions you want answered before you buy, make sure to have a look at our buying advice section which features loads of great advice from the expert team here at Guitar World

Best cheap electric guitars under $500: The quick list

Best Telecaster

Best cheap electric guitars under $500: Squier Classic Vibe '50s Telecaster

(Image credit: Squier)

1. Squier Classic Vibe '50s Telecaster

An affordable version of a super versatile classic

Specifications

Body: Pine
Neck: Maple
Scale: 25.5"
Fingerboard: Maple
Frets: 21
Pickups: 2x Fender Designed Alnico Single-Coil
Controls: Volume, tone, 3-way selector
Hardware: 3-Saddle Vintage-Style Strings-Through-Body Tele with Chrome Barrel Saddles
Left-handed: Yes
Finish: Aged White Blonde, Butterscotch Blonde, 2-Color Sunburst, Vintage Blonde, Burgundy Mist, Sonic Blue

Reasons to buy

+
Lively and versatile tones
+
Fantastic value for money
+
Great selection of colorways

Reasons to avoid

-
Some won’t dig the Pine body
At a Glance

Buy if you want a versatile instrument: Thanks to its two very different pickup sounds, this Telecaster can help you cover everything from hard rock to country.
Avoid if you prefer modern guitars: Based upon a classic '50s Telecaster, this is a simple instrument without many of the embellishments of other more modern instruments.

The Squier Classic Vibe ‘50s Telecaster is undoubtedly the best Telecaster guitar you can get for less than $500. It’s a simple guitar, but it does its job incredibly well and will provide you with a versatile instrument that can cover a lot of different sonic territory.

The two Alnico single coil pickups match a very bright bridge position with a dark neck position, which is how it can work in so many different styles. Whether you need that smooth Rage Against The Machine riffing tone of the neck position, or the cutting treble tone of the bridge that will shine in any mix, you’ll be hard-pressed to find a guitar quite as versatile as this one.

The classic three-saddle bridge is part of what gives the Tele its distinctive sound, and here you have three steel saddles for an even brighter tone. It’s also available in a huge range of colors, whether you prefer something vintage-inspired or a more modern touch making it our number one choice for a brilliant Telecaster on a budget.

Best Stratocaster

Best cheap electric guitars under $500: Squier Affinity Stratocaster FMT HSS

(Image credit: Fender)
Bag the versatility of a Strat for less

Specifications

Body: Poplar
Neck: Maple
Scale: 25.5"
Fingerboard: Maple
Frets: 21
Pickups: Ceramic Humbucker/Ceramic Single-Coil/Ceramic Single-Coil
Controls: Master Volume, Tone 1. (Neck/Middle Pickups), Tone 2. (Bridge Pickup) 5-way switch
Hardware: 2-Point Synchronized Tremolo with Block Saddles
Left-handed: Yes
Finish: Sienna Sunburst, Black Burst

Reasons to buy

+
HSS pickup configuration 
+
Flame Top 
+
70’s style large headstock 

Reasons to avoid

-
Some players may prefer SSS set up
At a Glance

Buy if you want to cover any style: Having both humbucker and single coil pickups means you can go from metal tones to jazz at the flick of a switch.
Avoid if you prefer vintage guitars: While we love this guitar's versatility, we can understand some players will prefer the classic Strat lineup of three single coil pickups.

The Fender Strat has long been considered one of the most versatile guitars of all time, and when you throw a high-output ceramic humbucker into the mix, it gets even better. 

The Affinity series may be the entry-level point into the varied catalog of Fender guitars, but it certainly doesn’t hold back on quality. Featuring an attractive flame maple top, a slim and comfortable C-shaped neck, and the iconic large 70s headstock, it’s hard to believe this guitar comes in under $500! 

The ace up the sleeve of this budget-friendly Strat is the Squier humbucker and single-coil neck and middle pickups. This allows you to achieve any tone imaginable with a simple flick of the 5-way selector switch. 

Read the full Squier Affinity Stratocaster FMT HSS review

Best Les Paul

Best cheap electric guitars under $500: Epiphone Les Paul Special TV Yellow

(Image credit: Epiphone)

3. Epiphone Les Paul Special TV Yellow

One of the best affordable electric guitars you can buy today

Specifications

Body: Mahogany
Neck: Mahogany
Scale: 24.75"
Frets: 22, medium-jumbo
Pickups: 2x P-90 PRO Soap Bar Single-coil
Controls: 3-way toggle pickup switch, 2 x volume, 2 x tone
Left-Handed: Yes
Finishes: TV Yellow

Reasons to buy

+
Superb sound
+
Quality hardware
+
Excellent playability

Reasons to avoid

-
Only one color
At a Glance

Buy if you want a guitar for rock and punk: As well as looking absolutely incredible, this Epiphone Les Paul features two P90 pickups that make it great for edgier styles of music.
Avoid if you want a lightweight guitar: Les Paul's are heavy thanks to their Mahogany bodies and necks, so you'll feel the weight of this guitar especially when playing standing up.

For us, it doesn’t get much better than the Epiphone Les Paul Special at the sub $500 price point. This version carries two P90 pickups and the classic Gibson TV Yellow finish, making an incredible guitar for relatively little money.

Sitting halfway between a humbucker and a single coil, the P90 pickups deliver an exceptional tone that goes from a gritty growl right the way through to sumptuous clean tones. It’s got quite a cutting tone that sits well in a full band mix, with bags of sustain and complex harmonic content.

The 50s fat neck profile might at first feel quite hefty, especially if you’re a beginner player, but once you get used to it you get unrivaled playability. The feel is exceptional and makes this guitar hard to put down. The only negative we can see here is that there’s only one color available.

Best for beginners

Best cheap electric guitars under $500: Epiphone Les Paul SL

(Image credit: Epiphone)

4. Epiphone Les Paul Melody Maker

A solid beginner electric guitar with larger-than-life swagger

Specifications

Body: Poplar
Neck: Mahogany
Scale: 24.75"
Frets: 22, medium-jumbo
Pickups: Epiphone 650SCR Ceramic Single-Coil (neck),Epiphone 700SCT Ceramic Single-Coil (bridge)
Controls: 3-way pickup selector, Master Volume, Master Tone
Left-Handed: No
Finishes: Ebony, Heritage Cherry Sunburst, Pacific Blue, Sunset Yellow, Turquoise, Vintage Sunburst

Reasons to buy

+
Incredibly lightweight
+
Easy to play
+
Surprisingly muscular, clear pickups

Reasons to avoid

-
Not the typical Epiphone sound 
At a Glance

Buy if you want a beginner guitar: As well as being fantastic value for money, this guitar plays great for beginners thanks to its lightweight body, perfect for the budding guitarist.
Avoid if you want a lightweight guitar: Les Paul's are heavy thanks to their Mahogany bodies and necks, so you'll feel the weight of this guitar especially when playing standing up.

Formerly known as the Les Paul SL, the Epiphone Les Paul Melody Maker is one seriously kick-ass guitar. Its poplar body is light as a feather but still has all the substantial heft of a Les Paul Junior without feeling cumbersome. The Melody Maker features a custom single-ply pickguard that surrounds the two Epiphone 700SCT (bridge) and 650SCR (neck) ceramic single-coil pickups. 

Aside from that though, the Melody Maker is a typical single-cut Les Paul Junior with no binding, a mahogany neck, a slim-taper D-profile neck shape, 22 medium jumbo frets, an adjustable intonated “wraparound” stop bar tailpiece, 'tophat' master volume and tone controls with a three-way toggle switch and premium die-cast 14:1 tuners.

Epiphone imbued the Melody Maker’s ceramic pickups with plenty of body and roundness, which gave these plump single coils a great deal of touch sensitivity. Even from a cranked amp, they still sound incredibly balanced and defined. 

The guitar stands perfectly well on its own as an instrument that is poised for rock and blues, with a distinctive tone that cuts on its own terms. What’s even better is how flawlessly the guitar plays, thanks to Epiphone’s consistent textbook setup on its instruments.

Read our full Epiphone Les Paul Melody Maker review

Best metal guitar

Best cheap electric guitars under $500: Schecter Demon-6

5. Schecter Demon-6

Unleash your inner shredder without breaking the bank

Specifications

Body: Basswood
Neck: Maple
Scale: 25.5"
Fingerboard: Rosewood
Frets: 24
Pickups: Duncan Designed HB-105B humbucker (bridge), HB-105N (neck)
Controls: Volume, tone, 3-way selector
Hardware: Tune-o-matic bridge, Graph Tech XL Black Tusq nut
Left-handed: Yes
Finish: Crimson Red Burst

Reasons to buy

+
Smooth fretboard rewards a light touch
+
Amazing high-gain tones
+
Great tuning stability

Reasons to avoid

-
Those looks aren't for everyone
At a Glance

Buy if you want a metal guitar: With its high output humbuckers and fast-playing neck, the Demon-6 is the perfect guitar for playing metal on a budget.
Avoid if you like vintage tones: With it being so geared towards metal, it's probably not the best choice if you're really into Delta blues.

Smooth, affordable, and ferocious all at once, the Schecter Demon-6 is perfect for unleashing your inner speed demon. The guitar's thin-C profile neck, cut from maple with a satin finish, is incredibly quick and rewards a light touch. 

The bridge is simple but well-built, while the guitar's active pickups - powered by an easily accessible nine-volt battery - are absolutely terrific. Otherwise, the updated Demon-6 remains the same as its predecessors, with industrial black chrome hardware, burled tone, and volume knobs, and a Crimson Red Burst finish.

Tone-wise, the Demon-6 truly lives up to its name. The bridge humbucker is a workhorse with strong, growling mids and an absolutely diabolical amount of high-end - a gold mine for metal soloists, no doubt. 

Those who don't wish to summon demonic forces with their playing will find that the Demon-6's cleaner tones are just as satisfying. Any punchy classic rock riffs are a breeze, while the cleanest settings yield startlingly articulate leads that are more than adequate for even the most subtle of parts. This electric guitar is - despite its maker's metal target audience - a true all-rounder.

Best offset guitar

Best cheap electric guitars under $500: Squier Classic Vibe '60s Jazzmaster

(Image credit: Squier)

6. Squier Classic Vibe 60s Jazzmaster

A quality offset guitar at a bargain price

Specifications

Body: Poplar
Neck: Maple
Scale: 25.5"
Frets: 21, Narrow Tall
Pickups: 2x Fender Alnico Single-coil
Controls: Lead/Rhythm switch, 3-way pickup toggle, 2 x pickup thumbwheel controls, 2 x volume, 1 x master tone
Left-Handed: Yes
Finishes: Sonic Blue, Olympic White, 3-Color Sunburst

Reasons to buy

+
Versatile tone switching
+
Expressive tremolo
+
Excellent value

Reasons to avoid

-
Tremolo isn’t for everyone
At a Glance

Buy if you want an offset guitar: Based on one of the original Jazzmaster designs, this guitar embodies all the principles of a great offset instrument at an excellent value price point.
Avoid if you don't like tweaking your instrument: The Jazzmaster tremolo can be a finicky beast, and not everyone will love having to adjust string gauges to find the best balance.

With the recent surge in popularity of offset guitars, the Squier Classic Vibe 60s Jazzmaster is a great way to get your hands on an offset without spending loads of money. Its combination of quality build and unique tone makes it a great choice for any guitarist looking for that particular flavor of tone.

The Jazzmaster pickups are single coils but have a different construction to those you’d find on a Strat or Tele. It’s a super versatile sound that’s equally at home laden with fuzz and reverb for alt-rock sounds as it is actually playing clean jazz licks.

The combination of a three-way pickup switch, 2 thumbwheel controls, two volume controls, and a single tone knob means you’ve got a huge selection of sounds at your fingertips. The classic design of the Jazzmaster tremolo can sway people either way, but if you’re the sort of player who wants something different from a Strat or Tele, this guitar is a great choice.

More options...

Our top six picks can cover a lot of different ground but that's not all there is. We've tested loads of different guitars in our pursuit to find the very best cheap electric guitars under $500, so keep scrolling to see what else is out there for the guitarist on a budget.

Best cheap electric guitars under $500: Sterling by Music Man Cutlass CT50 HSS

(Image credit: Sterling by Music Man)
A versatile electric that far outperforms its price tag

Specifications

Body: Poplar
Neck: Roasted Maple
Scale: 25.5"
Fingerboard: Rosewood/Roasted Maple
Frets: 22
Pickups: 1x Alnico Humbucker, 2x Alnico SingleCoils
Controls: Volume, tone, 5-way selector
Hardware: Vintage Tremolo
Left-handed: No
Finish: Charcoal Frost, Daphne Blue Satin, Firemist Silver

Reasons to buy

+
Ultra versatile pickups
+
Locking tuners
+
Roasted Maple neck

Reasons to avoid

-
Will max out your budget
At a Glance

Buy if you want to maximize your budget: With a Roasted Maple neck, locking tuners, and a versatile set of pickups, the Cutlass will max out your budget, but you'll be getting a phenomenal guitar for your money.
Avoid if you're on a budget: This is one of the priciest guitars on this list, so definitely avoid it if you haven't got the full $500 to spend.

As far as versatility goes, a guitar with an HSS pickup format will help you cover a lot of ground. It’s right at the $500 mark, but the Sterling by Music Man Cutlass CT50 HSS gives you the performance and specs of a guitar twice the price. 

The pickup configuration ensures you’ve got enough heft for heavier styles thanks to the bridge humbucker, while the two single coils in the middle and neck position offer slinkier tones that will fit into a variety of different types of playing.

A roasted maple neck and fretboard combo give this guitar a premium feel, delivering an excellent playing feel and reliable performance. Locking tuners, something typically found on more expensive guitars, give you extra stability with the tremolo, as well as help the guitar keep its tune more generally.

Read the full Sterling by Music Man Cutlass CT50 HSS review 

Best cheap electric guitars under $500: Epiphone Coronet

(Image credit: Epiphone)

8. Epiphone Coronet

A single pickup time capsule from Epiphone

Specifications

Body: Mahogany
Neck: Mahogany
Scale: 24.75”
Frets: 22
Pickups: 1x PRO P90 Dogear
Controls: Master volume, Master tone
Left-Handed: No
Finishes: Ebony, Cherry

Reasons to buy

+
Super cool old-school looks
+
Single P90 sounds killer
+
Mahogany body offers warmth and sustain 

Reasons to avoid

-
Bridge setup is quite minimalistic 
At a Glance

Buy if you want a simple guitar: The Coronet has a single P90 pickup and a wraparound-style bridge, which makes it super simple to use and maintain.
Avoid if you want lots of tones: Due to this simple nature, it's not the most versatile if you want to play many different music styles.

The Epiphone Coronet, first introduced as a reliable and solid entry-level guitar back in 1959, is an icon of Epiphone’s solid-body guitar range. Reissued multiple times since the Coronet has proven itself to be a firm favorite. We can see why.

Equipped with a single Dogear P90 in the bridge position, the Coronet means business from first glance. You can expect gritty, abrasive-driven tones perfect for blues and rock, and with it being a fat single coil, the cleans are smooth, punchy, and prominent in any mix.

The Coronet’s hardware configuration continues the minimalistic theme, with a fixed wrap-over bridge and vintage-style machine heads adorning this straight-to-the-point axe. For under $500, this is ideal for anyone who wants to make a no-frills racket on a budget.

Read the full Epiphone Coronet review

Best cheap electric guitars under $500: Yamaha Revstar RSE20

(Image credit: Yamaha)
Yamaha's stylish take on a classic design

Specifications

Body: Chambered mahogany
Neck: 3-piece mahogany
Scale Length: 24.75”
Fingerboard: Rosewood
Frets: 22
Pickups: YGD-designed VH3 covered humbuckers
Controls: 3-way lever pickup selector switch, volume and tone (with pull-push Dry Switch high‑pass filter)
Left-Handed: Yes
Finishes: Neon Yellow, Black, Red Copper, Swift Blue, Vintage White

Reasons to buy

+
Very resonant
+
The Dry Switch is very handy
+
Tidy build quality

Reasons to avoid

-
Some players may prefer a Les Paul or SG
At a Glance

Buy if you want a lightweight, Mahogany guitar: Mahogany guitars sound great, but they sure are heavy. Yamaha has gotten around this by chambering the body, giving the Revstar a much lighter weight than you'd expect.
Avoid if you like traditional guitars: The design is cool, but we can appreciate that not everyone will dig it, so one to avoid if you're set on a Strat or Les Paul-type guitar.

It's fair to say we've been massive fans of the Revstar series since their debut in 2015, and with Yamaha recently updating the guitars to improve their playability, comfort, and visuals, we couldn't be happier. 

These stylish and well-crafted instruments now come with a lightweight chambered mahogany body, which Yamaha says is to "sculpt tone and reduce weight". The RSE20 is also loaded with a dual set of Yamaha Alnico V humbuckers, which, when paired with a 5-way selector switch and the Revstar's high-pass "Dry" switch, deliver endless tonal possibilities. 

For us, the Yamaha RSE20 proves that you can get a reliable, great-playing, and stellar-sounding guitar for under $500. It's worth noting that the left-handed model costs slightly more than $500, but despite this, we still think it's worth it!  

Read our full Yamaha Revstar RSE20 review

Best cheap electric guitars under $500: Epiphone SG Standard

(Image credit: Epiphone)
A super playable SG that’s a rock machine

Specifications

Body: Mahogany
Neck: Mahogany
Scale: 24.75"
Frets: 22, Medium Jumbo
Pickups: 2x Alnico Classic PRO Humbucker
Controls: 3-way toggle pickup switch, 2 x volume, 2 x tone
Left-Handed: Yes
Finishes: Alpine White, Ebony, Heritage Cherry

Reasons to buy

+
Superb pickups
+
Ultra playable neck
+
Looks great

Reasons to avoid

-
Unusual feel
At a Glance

Buy if you want a rock & roll guitar: The SG is synonymous with rock guitar thanks to countless big names that utilized it. Two humbuckers and excellent upper fret access make it perfect for the genre.
Avoid if you want something versatile: The SG is not completely one-dimensional in terms of tone, but there are others on this list that are more versatile.

If you’re in the market for a proper rock machine, the Epiphone SG Standard is a fantastic option at the sub-$500 price point. Despite the Les Paul being a bigger name in the world of guitar, it’s actually the SG that is the best-selling instrument in Gibson’s stable, and as you’ll find here, for very good reason.

Loaded with two Alnico humbuckers this SG is tight and controlled that reacts beautifully to dirt tones. It’s got a nice emphasis in the midrange - something the SG is famous for - and we found that it handled hefty doom-laden riffing just as well as it did pristine clean passages.

The 60s SlimTaper neck gives you lovely playability that makes it great for chunky riffing. The excellent upper fret access means you can make use of all 22 frets, another famous SG characteristic, and we found it a simply joyous experience to play. CTS pots and a GraphTech NuBone nut round out this guitar’s excellent value-for-money feature set.

Read the full Epiphone SG Standard review 

Best cheap electric guitars under $500: Jackson King V JS32T

(Image credit: Jackson)

12. Jackson King V JS32T

One of the best budget electric guitar deals on a metal guitar

Specifications

Body: Poplar
Neck: 1-piece Maple
Scale Length: 25.5"
Fingerboard: Amaranth
Frets: 24
Pickups: Jackson High-Output Humbucking (Neck and Bridge)
Controls: Master Volume, Master Tone
Hardware: Jackson Sealed Die-Cast tuning machines, Jackson TOM-Style Adjustable String-Through-Body Bridge
Left-Handed: No
Finishes: Ferrari Red, Gloss Black

Reasons to buy

+
Sustain for days
+
Equally great for metal rhythm and leads
+
Looks amazing

Reasons to avoid

-
More finishes would be nice
At a Glance

Buy if you want a guitar for performing: V-shaped guitars are designed for the stage, making this one perfect for the metalhead who will be regularly playing on stage.
Avoid if you only play at home: If you're only playing at home, you'll probably get a bit tired of standing up and playing this guitar all the time.

Sleek, and chock-full of visual and sonic attitude, the Jackson King V JS32T is simply one of the best bang-for-your-buck deals in the metal guitar market today. With Jackson's trademark pointy headstock and Sharkfin position inlays, this thing makes a hell of an impression before you even play a note. 

The King V JS32T features a bolt-on, graphite-reinforced maple speed neck with 24 jumbo frets and a 12" to 16" compound radius. The guitar's two Jackson humbucking pickups are fitted with ceramic magnets.

The King V JS32T's tone is incredibly aggressive, while its sustain would please even the Nigel Tufnels of the world. The guitar's compound radius makes it incredibly easy to play. Sustained, steady riffage and hurricane-speed shredding both end up being a piece of cake as a result.

Its low action also lends a hand to the instrument's shredding prowess, while also paving the way for titanic string bends. Lean, mean, and incredibly easy on the wallet, the Jackson King V JS32T is certainly a force to be reckoned with.

Best cheap electric guitars under $500: Ibanez S521

(Image credit: Ibanez)

13. Ibanez S521

The look (and tones) of an Ibanez at a terrifically low price

Specifications

Body: Meranti
Neck: Maple
Scale Length: 25.5"
Fingerboard: Jatoba
Frets: 24
Pickups: Quantum (H) (neck and bridge)
Controls: 5-way pickup switch, Master Volume, Master Tone
Left-Handed: Yes
Finishes: Ocean Fade Metallic, Blackberry Sunburst

Reasons to buy

+
Terrific sustain
+
Beautiful, classic Ibanez look
+
Great playability

Reasons to avoid

-
Clean tones do occasionally leave a bit to be desired
At a Glance

Buy if you want a guitar for shredding: Ibanez makes some of the fastest-playing guitar necks in the business, and this S-series guitar is suitably rapid feeling.
Avoid if you only play clean tones: This guitar is definitely more geared towards distorted tones, so you might want to look elsewhere if you only play clean.

The latest evolution in Ibanez's S series, the S521 gets you the look (and a lot of the great tones) of an Ibanez at a terrifically low price. The guitar's rosewood fretboard is two-octave and features 24 jumbo frets, while its mahogany body is coated in an eye-catching burst finish. 

Quantum pickups (in the neck and bridge) plus a five-way switch also come as standard. Overall, the Wizard III maple neck is well-constructed and reliable. The Cosmo black finish on the S521's hardware adds an elegant touch to the low-budget model.

The S521's fretboard is incredibly quick, and smooth as silk. Tonally, though the guitar's cleans aren't always top-notch, its mid-range is phenomenal. On the higher end, its articulation is quite good and expressive, with leads sounding lean but nimble. In addition to its rock-solid variety of tones, the S521's sustain stands out within its price range. 

Best cheap electric guitars under $500: Buying advice

Schecter Demon-6 on concrete floor

(Image credit: Future)

Are guitars under $500 worth it?

In short - yes! To be honest, in this day and age, it's pretty difficult to track down a genuinely awful guitar. Advancements in technology have made high-quality instruments more accessible than ever before, with anyone being able to pick up a giggable guitar for well under $500! 

While there is certainly an allure to expensive and premium six-strings, some guitarists just prefer to opt for a cheaper, more accessible model over a hand-crafted Custom Shop guitar at times. 

For example, Biffy frontman and lead ax-slinger Simon Neil headlined Glastonbury playing his signature Classic Vibe Strat, and Mike Rutherford of Genesis played arenas with a $200 Squier Bullet. So, if this doesn't reassure you that the best cheap electric guitars under $500 are worth their salt, then we're not sure what else to say!

What makes a great budget electric guitar?

It’s all well and good for a guitar to be cheap, but a guitar has to be more than just affordable for us to include it in this guide to the best electric guitars under $500. For starters, the guitar should be well-built, finished to a reasonable standard, and sound great. Each of the hand-selected guitars on this list certainly meets this criteria and offers bags of style and superb value for money. 

When looking at guitars in this price bracket, it’s essential to check the common areas in which entry-level guitars tend to fall down. 

Frets can make or break your new cheap electric guitar. Now, thankfully most guitar brands won’t let a guitar out of the factory with a bad fret job, but it’s always worth checking them out just to be sure. Are the edges a bit sharp? Do they protrude out from the edge of the fingerboard? If so, we’d take a visit to a guitar tech to get those sorted out. Sharp frets will stop you wanting to play the guitar - and that’s exactly what we don’t want to happen.

Hardware is another crucial factor in what makes a cheap electric guitar good. All of the guitars in this guide feature solid and durable hardware which, if cared for and maintained correctly, will see you through most of, if not all of your guitar playing career. If your hardware isn’t up to scratch, you’ll have problems with your tuning, intonation and the playability of your guitar will suffer - so we think it’s worth spending some money and getting a well-made instrument with good hardware.

The neck of a guitar - being the part you hold in your hand whenever you play - needs to be comfortable in your hands. Now, going to a guitar store is the best answer here, as you can hold a few in your hands and see what feels right for you, but if you’re buying online, there are a few things to take note of. Most of the time, online guitar stores will tell you if the neck is thin, fat, wide, narrow, gloss-finished, satin-finished in their product descriptions - but if that’s not the case, most guitar stores will be happy to take a phone call if you want to double-check.

Pickups and electronics are also important - but not nearly as important as how a guitar feels to play. Of course, it helps for everything on your guitar to be perfect from the get go, but if you love a guitar and hate the pickups, you can always swap them out. If that’s the case, it might be worth checking out our best electric guitar pickups guide. 

What style of guitar should I choose?

The first thing to consider when choosing from among the best budget electric guitars under $500 is what kind of tone you hear in your head. Is it darker and warmer? Thinner and slinkier? Somewhere in between? 

To get an idea, look into the specs of the guitars wielded by your biggest guitar heroes or the players you’re attempting to sound like.

Funk players inspired by Nile Rodgers might gravitate towards Fender Stratocaster style guitars because of their single-coil pickups and five-way tone switch. Most Strat-style guitars also use body woods like alder or ash that are perfect for cutting through above any rhythm section, whereas heavy metal guitarists tend to prefer the hellfire of mahogany bodies wired with hotter humbucker pickups, in some cases with active circuitry.

Jazz guitarists, on the other hand, might gravitate to the woollier sound of a semi-acoustic with flatwound electric guitar strings. It’s worth bearing in mind that all of these factors will affect the tone of an instrument before any further coloration from amplifiers or pedals. 

Other features to consider  

You can trust Guitar World Our expert reviewers spend hours testing and comparing guitar products so you can choose the best for you. Find out more about how we test.

Guitars can come with a lot of different features that vary from model to model. For example, some come with a vibrato or whammy bar. If this isn’t something you see yourself taking advantage of, then it may be wise to avoid it. Likewise, a guitar with a locking tremolo such as a Floyd Rose requires a little more work to maintain and restring, so if you don’t need it, go for a fixed bridge guitar.

Then there’s the physical aspect of holding a guitar for hours on end. Do you prefer the sonic muscle of something heavy or instead like the idea of something less taxing on the spinal column? Ultimately, you should go with whatever feels most natural under the fingers. Try as many models as you can. See if you can remember what was different about the guitars you liked and the ones you didn’t, bearing in mind that action and string gauges can always be adjusted to suit each player.

Read more about our rating system, how we choose the gear we feature, and exactly how we test each product.  

How we choose the best cheap electric guitars under $500

At Guitar World, our team of writers understands that not everyone is able to spend loads of money when they're after a quality instrument. When it comes to selecting the best affordable electric guitars under $500, we merge our love for accessible gear with a discerning eye for performance to give you a great recommendation.

Navigating the budget-friendly guitar landscape requires a keen understanding of playability, tonal versatility, build quality, and, of course, value for money. We've extensively tested a variety of options, from classic designs to modern innovations, ensuring that our recommendations not only fit the budget but also exceed expectations in terms of sound and craftsmanship.

When testing an instrument we'll look at every aspect from the quality of the hardware to the sound of the pickups, testing in a variety of scenarios whether it's playing at home or blasting it through a tube amp on stage. We'll check the fret ends, the action, and the intonation out of the box, judging how easy it is to make adjustments and whether it will need further work to make it playable to a good standard.

We've selected options for beginners embarking on their musical journey or experienced players seeking a reliable backup. Each recommendation has earned its spot through rigorous testing, guaranteeing that whether you're strumming chords or unleashing blistering solos, our suggested guitars under $500 will be your trusted companions on the road to musical excellence.

Amit Sharma

Amit has been writing for titles like Total GuitarMusicRadar and Guitar World for over a decade and counts Richie Kotzen, Guthrie Govan and Jeff Beck among his primary influences as a guitar player. He's worked for magazines like Kerrang!Metal HammerClassic RockProgRecord CollectorPlanet RockRhythm and Bass Player, as well as newspapers like Metro and The Independent, interviewing everyone from Ozzy Osbourne and Lemmy to Slash and Jimmy Page, and once even traded solos with a member of Slayer on a track released internationally. As a session guitarist, he's played alongside members of Judas Priest and Uriah Heep in London ensemble Metalworks, as well as handled lead guitars for legends like Glen Matlock (Sex Pistols, The Faces) and Stu Hamm (Steve Vai, Joe Satriani, G3).

With contributions from