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Do I wish I was as rich as Elon Musk? Tesla yeah! Am I even remotely sniffing an amount in my bank account close to his? Heck no. If you’re reading this, you probably aren’t either. No sweat! I made a list of the best treadmills under $500 for your viewing pleasure. 

I’m here to help you find your best budget treadmill, even if your budget is the equivalent of Patrick Star from Spongebob saying, “I have $3.” Okay, actually I can’t get you an entire treadmill for $3, but it will be pretty cheap compared to the norm. Let’s dive in!

To Hitting Your Fitness Goals––and Beyond!

I’ll be honest with you––I’ve tried so many treadmills, I could recite the industry standard specs on each aspect even if I was freshly out of surgery and high as a kite. That’s the kind of individual you want giving you treadmill buying advice. Oh, also I have a lot of cool fitness certifications you probably don’t care about, so we’ll just move on… but know, I really know my stuff when it comes to cardio machines. 

4 Best Treadmills Under $500

Best Overall Treadmill Under $500: Sunny Health & Fitness SF-T7603

Good for: Small spaces or those who enjoy light jogging and walking 

Best Overall Treadmill Under $500
Sunny Health & Fitness SF - T7603 Treadmill
Sunny Health & Fitness SF - T7603 Treadmill

Product SummaryWhen you’re short on space, finding a treadmill that can meet your fitness goals and fit into your home can be a challenge. But, the Sunny Health & Fitness SF-T7603 offers users a compact, sturdy, basic yet efficient and effective treadmill all for less than $400.00. The SF-T7603 motorized treadmill is powered by a 2.2 horsepower motor, which supports speeds up to 9 miles per hour and three levels of adjustable incline. While this motor is a bit weak for hardcore runners, it’s a great option for walkers, joggers or even light runners.The SF-T7603 comes equipped with nine pre-programmed workout options, which could be useful for those looking for guidance as they work towards their fitness goals. Although the console is a far cry from the high-definition ones seen on pricier treadmills, the easy-to-read LCD monitor displays all the workout stats you need to get a killer workout; distance, time, speed, pulse and calories. Conveniently change speeds with the quick-adjust buttons located on the handrails, which also function as a pulse grip to monitor your heart rateConstructed with a solid steel frame, the SF-T7603 has a maximum user weight of 220 pounds, which certainly falls below industry standard but, given the low price point, that number is not surprising. The shock-absorbing running deck measures 49 inches by 16 inches—this may feel constricting for those with particularly long strides. The SF-T7603 features a folding mechanism and a soft drop system to easily and safely fold and unfold. With two transport wheels, the SF-T7603 is easily moved and stored, a feature that can’t be underestimated if you live in a smaller dwelling. 

Pros:

  • Compact and foldable 
  • Simple to build solo
  • Foldable with a gas shock for gentle release
  • Handles have speed adjustments

Cons:

  • 2.2 CHP motor isn’t very strong 
  • Running deck is small
  • Manual incline 

If you’re only going to spend around $300 for a treadmill for home use, I’d hands down pick the Sunny Health and Fitness SF-T7603. This brand makes exceptionally good cardio machines for this price point––we’re also fans of their budget-friendly rower, the Sunny Health and Fitness SF-RW5801

In terms of the treadmill, you won’t be disappointed for the price. This machine has nine preset programs and is a great option for both walking and jogging. It feels more durable than other super cheap options I’ve tried, but obviously, it isn’t a Peloton Tread by any means. 

If you’re looking for a treadmill that will fold (and unfold) easily, you’ve found your match! The SF-T7603 has a gas shock to help the deck lower safely. Plus, since it’s foldable, it can be stored in a closet or out of the way while not in use. With this, though, comes a small running surface; win some, lose some.

coop jogging on sunny health and fitness sf t7603

In terms of other things I’m not wild about, the 220-pound user weight capacity tops the list. Generally, I like to look for a 300-pound weight cap for a mid-range treadmill, but I am keeping in mind the price tag when making this statement. 

The display of the SF-T7603 is on the primitive side–– expect to see standard buttons like program, mode, stop, and start. You’ll also be able to view a few metrics on the small LCD display, like your current speed and heart rate (thanks to the pulse sensors on the handle bars).

Check out our full Sunny Health & Fitness SF-T7603 Treadmill Review.

Price:Around $300
Footprint:62” L x 27”W x 47” H
Warranty:3-year frame, 180-day parts
Weight Capacity:220 lbs
Motor Horsepower:2.2 CHP

Best Under Desk Treadmill Under $500: GoPlus 2-in-1 Treadmill

Good for: Walking while working from home, watching TV, being on a phone call, or listening to music

GoPlus 2-in-1 Treadmill
GoPlus 2-in-1 Folding Treadmill
GoPlus 2-in-1 Folding Treadmill

If you are new to the world of exercising, enjoy walking, or are an occasional jogger, the GoPlus 2-in-1 Folding Treadmill could be the treadmill for you. The GoPlus 2-in-1 offers two sport modes, running and walking, with maximum speeds of 8 miles per hour and 2.5 miles per hour respectively. With a 2.25 horsepower motor, it can easily be used under a standing desk so you can get your workout in while working. The GoPlus 2-in-1 Folding Treadmill features a five-layer non-slip and shock-absorbing running belt, safety key, Bluetooth speaker, remote control to change speeds and a phone mount on the handrails. With these features, you can connect and listen to your favorite music, watch a show or talk on the phone all while getting a workout! Although the running surface is a bit smaller than most measuring 40 inches by 16 inches, it does provide cushioning to decrease the tension put on your back, joints, knees and ankles.The LED display has a sleek and minimalist design which shows time, speed, distance and calories, monitoring your movement data in real time. Overall, this is a great budget treadmill for the right customer. That said, the GoPlus 2-in-1 Folding Treadmill is not built to withstand any sustained or fast running. Additionally, because of the smaller running deck and fixed handrail height of 3.5 feet, the GoPlus 2-in-1 is not a good fit for taller people.

Pros:

  • Fits seamlessly under most standing desks 
  • Quick assembly
  • Folds extremely flat for storage
  • Comes with remote to change speed with ease

Cons:

  • 3-month warranty is well below average 
  • Short deck
  • LCD screen is small

So many of us spend our days working from home, with little movement to break up the day. Solve this problem by purchasing an inexpensive under-desk treadmill, like the GoPlus 2-in-1! This compact machine fits well under almost all standing desks, and folds flat when you want to store it after hours.

The assembly process is really simple, but be warned––if you install the included handrails for extra support, you won’t be able to fold the machine quite as compactly. However, this may be an added safety step for you, which in that case, right on. 

Coop walking on the Goplus treadmill.

Pro tip: for the love of all things good––don’t lose the freakin’ included remote. You won’t be able to change the speed or even turn the treadmill on. I’d recommend deciding on a dedicated spot for it so you never forget where it is. 

The one thing I don’t love about the GoPlus? The super short, three-month warranty. I mean come on, I know this treadmill is only $330, but I feel like that isn’t even close to enough time for a warranty. Although this is worth noting, the founder of GGR, Coop, owns and uses this treadmill everyday, and hasn’t had any issues with durability.

Take a look at our full GoPlus 2-in-1 Treadmill review.

Price:$330
Footprint:49” L x 27” W x 42” H
Warranty:3 months
Weight Capacity:265 lbs
Motor Horsepower:2.25 CHP

Best Treadmill for Walking Under $500: XTERRA Fitness TR150

Good for: Beginners who want to regularly walk on a compact and budget-friendly treadmill 

XTERRA Fitness TR150
XTERRA Fitness TR150 Folding Treadmill
XTERRA Fitness TR150 Folding Treadmill

The XTERRA TR150 is a space-worthy investment best suited for beginner walkers to speed walkers. Featuring 12 preset programs, speeds ranging from .5 to 10 miles per hour, three manual incline settings, and an easy pull knob release for convenient storage, the XTERRA TR150 was developed with performance, comfort, and safety in mind. The 16-inch-by-50 inch walking surface is on the smaller size but is big enough to accommodate most users when walking or light jogging. The 5-inch LED display provides simple yet important stats during your workout including time, speed, distance and calories. The XTERRA TR150 is designed for convenience with an integrated bookrack and accessory holder to keep things like a remote control or phone close by. The hand grip pulse sensors are mounted on the side handlebars but users report that the heart rate readings are often inaccurate (as is often the case with grip sensors). The XTERRA also provides a soft cushioned deck intended to absorb impact and keep joints safe during workouts. If you are an avid runner looking to train hard, this is not the treadmill for you. With a 2.25 horsepower motor, the XTERRA TR150 is not intended for fast or sustained running.  Additionally, users report that the incline is almost unnoticeable. So, before you buy, be sure to know how you intend to use it!

Pros:

  • Simple to use
  • Lifetime warranty on the frame
  • Easy to build
  • 12 preset programs

Cons:

  • Folding mechanism is unsafe
  • Cushioning is subpar
  • Water bottle holders are small

Ready to get a jump on your fitness and start putting one foot in front of the other (did you sing that part, or is that just me…)? The XTERRA Fitness TR150 is an excellent treadmill to help you achieve all of your personal walking goals. This cardio machine is user-friendly with large buttons and a simple LCD display, making it a great add to most home gyms. 

Obviously, you won’t find crazy interactive programming like iFIT, but you will find 12 preset programs to get your sweat on. Plus, this under-$400 machine has a lifetime frame warranty, which is almost unheard of on such an affordable treadmill. 

XTERRA TR150 coop

Although the XTERRA is foldable, I wouldn’t recommend using this feature. Since the TR150 doesn’t have a gas shock on the deck of the machine, it doesn’t softly come down when unfolded. This can be a major hazard for little hands, paws, and feet, so proceed with caution.

If you’re someone who suffers from joint pain, I probably wouldn’t choose this treadmill. Although the XTERRA has a lot going for it, cushioning and shock absorption is not one of those things. Compared to even mid-range treadmills, the XTERRA falls pretty flat in the cushy-deck department.  

However, for a walking treadmill, especially with a lifetime frame warranty, the XTERRA gets the job done––and for a great price.  

Read our full XTERRA Fitness TR150 review.

Price:$366
Footprint:63.4” L x 28.75” W x 51.4” H
Warranty:Lifetime frame, 1-year motor, 90-day labor, 90-day deck
Weight Capacity:250 lbs
Motor Horsepower:2.25 CHP

Best Treadmill Under $500 for Small Spaces: UREVO 2-in-1 Treadmill

Good for: Apartments, condos, small homes or shared spaces

Best Treadmill Under $500 for Small Spaces
UREVO 2-in-1 Under Desk Treadmill
UREVO 2-in-1 Under Desk Treadmill

If you live in an apartment or other compact space, the UREVO 2-in-1 treadmill might be a good option for you. This lightweight machine clocks in at under 60 pounds, which makes it easy to fold and move into a closet or against a wall to free up space. Plus, the handle easily folds down to allow it to be used under a desk while working from home.However, the deck itself is very thin and short. If you're over 5'9", this treadmill might be too short for you to take normal length strides. Although the machine has a maximum speed of 7.6 mph, you likely wouldn't be able to take appropriate strides if you're of average height or taller. However, I personally wouldn't really recommend anyone use thew UREVO for running, as it is better suited for slow paced walking.

Pros:

  • Folds flat to fit under beds and couches 
  • Comes ready to go; no assembly required
  • Easy to move
  • Can also be used under a standing desk

Cons:

  • Lots of plastic used
  • No incline levels
  • Handle is flimsy

Living in small spaces can be a real logistical challenge. Just ask GGR writer Anthony O’Reilly. The New York native lived in a 300-square-foot apartment with his cat and girlfriend during the height of the COVID-19 pandemic. Anthony mentioned he would have loved to have a convenient way to walk indoors, but didn’t feel he had space for a treadmill. Ah, if only he had known about the UREVO 2-in-1. 

This uber-small cardio machine can be folded almost completely flat. I personally tested its foldability, and was amazed that it fit against walls, under beds, and in closets without any issues. It’s also simple to move solo, since it weighs just 59 pounds. Plus, when the UREVO arrives at your doorstep, you’ll be ready to start walking in under 15 minutes, since the machine comes almost entirely pre-assembled.

Caroline on the UREVO 2 in 1 treadmill

With so many benefits for such a cheap price, you know there are bound to be some negatives. Firstly, the UREVO doesn’t have a long deck. Like at all. If you’re over 5’9” like me, forget about running (and maybe even jogging). The length of the deck is only 42.9 inches, and the industry standard is around 50-55 inches.

It is also worth noting that there are no incline options on this machine. To be fair, the UREVO is supposed to be used for more gentle movement, like walking or light jogging, versus climbing a mountain. 

Read our full UREVO treadmill review.

Price:$329
Footprint:54.7” L x 26.4” W x 5.1” H
Warranty:1-year warranty
Weight Capacity:265 lbs
Motor Horsepower:2.5 CHP

Other Products We Researched

Surprisingly, there are tons of home treadmills available for under $500, especially on Amazon. However, a lot of them just aren’t that high-quality, plain and simple. Here are a few that didn’t quite make the cut:

SereneLife Folding Treadmill: Although this machine is just over $300, it didn’t quite make the cut on this list (even though the lovely reviewers of Amazon seem pleased enough). The SereneLife Folding Treadmill caps out at 6 MPH, and the running deck is just 15.7” x 39.3″. As Randy Jackson on American Idol used to say, “It’s a no from me, dawg.”

FondRun Upgraded Folding Treadmill: I’m impressed by the 3.25 CHP motor of the FondRun Folding Treadmill, but based on the reviews, the machine is low-quality and made with lots of plastic.

RUNOW Folding Treadmill: You won’t exactly be sprinting on the RUNOW Folding Treadmill, since the machine caps out at just 8.1 MPH. However, the 280-pound weight capacity isn’t horrible by any means. 

How We Picked and Tested 

When testing any type of exercise equipment for review, we carefully analyze many different factors. Here are the the things we took into consideration when choosing treadmills for this list:

  • Affordability: Is the treadmill under $500? Are there any financing options available?
  • Compactness: Is this a foldable treadmill? Can it be easily moved or stored? Is it space-saving or a compact treadmill?
  • Warranty: Is there a warranty in place? How long will it last?
  • Durability: What is the treadmill made of? Does it feel sturdy?
  • Weight limit: What is the maximum weight capacity for this product? Is this an inclusive option?
  • Assembly: Will the common person be able to assemble the product with ease?
  • Deck size: Is this treadmill better suited for walking or running based on the size of the running area?
  • Display: Does this machine have an LCD or LED display? Is there a remote control? Does the display show calories burned? 
  • Belt: Is the running belt non-slip? Does it have shock-absorbing qualities? 
  • Type of Treadmill: Is this an electric treadmill or manual treadmill?
  • Speed Range: What is the top speed of this treadmill?
  • Extras: Does the machine have a device holder? What about Bluetooth connectivity?

Benefits of Treadmills Under $500

So why the heck should you buy a treadmill under $500 anyway? Well, I’m glad you asked! Check out our top reasons for adding an inexpensive piece of cardio equipment into your fitness repertoire: 

Price 

Obviously, one of the biggest benefits of treadmills under $500 is that you’re saving money. While these cardio machines aren’t quite as nice as more expensive models, they still provide intense aerobic workouts.

RELATED: HIIT Treadmill Workout

Footprint

Since these treadmills cost several hundred dollars less than most on the market, they’re likely to be smaller. That might not be good for most people, but for those in apartments or compact workout areas, it can be a huge benefit. 

Improved Cardio Fitness

Just like treadmills of any other cost, these are going to increase your heart rate and help improve several health markers such as blood pressure and the amount of calories you burn in a day. 

“Treadmills are one of the easiest ways to get more physical activity throughout the day,” says certified personal trainer Anthony O’Reilly. “It doesn’t have to be a fancy one with a big screen either, just as long as it forces you to move in a way that’s challenging.” 

Buying Guide: What to Look for in Treadmills Under $500

There are several factors you should take into consideration before clicking “Add to Cart” with any treadmill under $500:

Affordability

It goes without saying, but make sure you can afford the treadmill. There’s financing plans for many of them if you want to break them into monthly payments. However, some really cheap treadmills won’t have financing options. Make sure to save up in advance for any large fitness equipment purchases. 

Space 

Check the dimensions of each treadmill to make sure it can fit in your workout area, whether that’s a studio apartment or a garage gym. Most budget-friendly treadmills have a smaller footprint, but it is still wise to take a look at this before purchasing. 

Durability

Look, no treadmill under $500 is going to last forever. That said, there are some that are a little more durable than others. You’ll want to find one made with decent materials and maybe a few years’ warranty. However, don’t have unrealistic expectations for such an inexpensive cardio machine.

Motor

Again, a cheap treadmill is going to mean cheap parts. Look up what type of motor each treadmill uses and make sure it can handle the duration, amount, and type of workout you want to be able to do. Typically, you want a 3.0 CHP motor for running, but for walking, the HP matters less.

Weight Capacity

This is especially important for taller people, but you’ll want to make sure the treadmill can support your weight or the weight of anyone else who plans on using it.

Best Treadmills Under $500 FAQs

Who has the best prices for treadmills?

I’m personally a big fan of looking on Amazon for treadmills under $500. With so many different brands available (plus frequent free shipping), it might not be a bad place to start. You’ll notice a lot of the links to the treadmills in this roundup lead you to Amazon, as it is one of the most cost effective places for super-budget cardio machines.

What does a decent treadmill cost?

This all depends on what you think a decent treadmill consists of. Does this machine need to have Bluetooth capabilities, adjustable incline, workout programs, or even a touchscreen? Figuring out what you want in your new treadmill is important before deciding how much you’re going to spend. In my book, as long as you’re getting a good cardio workout in, it doesn’t matter much about anything else.

What will come on a treadmill that only costs $500?

Generally speaking, you’ll find things like an LCD display, three or four manual incline settings, a safety keypossibly a soft drop folding mechanism, and a tablet holder. Others may (or may not) have transport wheels, pulse sensors, handlebars, or a heart rate monitor. More expensive treadmills have other extras, like a touchscreen or interactive programming you won’t find on a cheaper pick.

Further reading

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