We brought you 7 electric bikes (ebikes) under $1,000 here. Today we go even cheaper! If you’re a commuter on a budget, you owe it to yourself to check out this list of the 5 best electric bikes under $500.

5. EmioCycles Dual Power E-Bike

Our first ebike is a tiny little bike with a tiny little price tag. Don’t let the Emiocycles Dual Power fool you however, it can reach speeds of up to 15 miles per hour. This ebike can also travel up to 21 miles on a single charge. I really like the design of this bike, it has a very unique and almost industrial look to it.

4. Swagtron SwagCycle Classic E-Bike – $348.00

Swagtron’s Swagcycle is a winner and with a price tag of under $350, won’t break the bank. This little beauty can travel at speeds of up to 10 miles per hour and has a range of up to 10 miles on a single charge. A USB attachment on the bike even allows the rider to charge their mobile devices while on the go!

3. Ancheer Folding Electric Bicycle – $389.99

Powered by a 36 volt lithium-ion battery, the Ancheer Folding Ebike will get you where you need to go. This bike weighs around 25 lbs. and can be carried easily. The Ancheer also has an app that allows the user to track mileage and battery usage. This looks like a whole lot of fun!

2. Meiyatu Ebike – $499.99

Coming in at just under our $500 cutoff, Meiyatu’s folding ebike is a strong competitor. With a range of up to 20 miles on a single charge and a top speed of 18 miles per hour, the Meiyatu won’t leave you stranded. A handy storage basket on the back and a cell phone holder on the front means you never have to leave your most prized possessions behind. This little guy even allows the rider to add an optional tandem seat on the back. Very cool!

1. Goplus Folding

Our final ebike comes to us from the fine folks at Goplus. Their folding ebike features cruise control, front and rear lights for increased safety, and shock absorbent tires for a smoother ride. With a 12 mile range and a top speed of up to 19 miles per hour, the golpus is ideal for urban commuting. Don’t forget your helmet!

What do our readers think about our list of affordable electric bikes under $500? Anyone out there own any of these and care to comment? Are there any other ebikes under $500 that you feel should have made the list? Please drop by the comments section below and let us know what you think.

Source | Images: Amazon.com