Do you need to spend lots of money to grab a good ? Not at all! There are plenty of options out there under the $500 mark, whether you want a classic rock machine, a razor-sharp shred , or even a baritone. Let’s dive in to the best electric s you can buy in 2023 for under $500.
They say life begins at 40. That’s up for debate – but what certainly does begin at 40 is a line of excellent and affordable s, all with aged hardware and anodised pickguards. If you’re Squier, that is. In the Tele department, we have a blond finish, alnico pickups, black binding and a black anodised pickguard. For under $400. That’s how you celebrate a birthday.

It’s a little-known fact that Ibanez employs a cat to walk across a keyboard when it needs to name a . But that aside, this eminently affordable is a great entry point into the world of speedy shredders. With a thin neck profile, modern vibrato and two high-output humbuckers, this ’s ready for everything from At The Gates to Polyphia.
Best Acoustic Guitar Under 500 Dollars In 2019
Hey, that cat from the Ibanez office named this one too! But Yamaha Pacifica’s are some of the most well-regarded affordable s for a reason. This geartures a modern, flat-radiused fingerboard for comfortable lead playing, and a carved body shape for comfortable everything else.
Fancy a single-P90 instrument, but don’t want to go down the Fender route? Or even the Les Paul Junior route? Enter the Epiphone Coronet, a revival of one of Epiphone’s first-ever solidbody electric designs. It’s an odd looking thing, with its two dramatic cutaway horns and symmetrical pickguard – great if you want to stand out.
Construction consists of a mahogany body and set neck, paired with a 12” radius Indian Laurel fretboard. The single pickup is paired with some high-quality CTS potentiometers, and the bridge is a compensated wraparound ‘Lightning Bar’ unit.
Top 10 Best Electric Guitars Under $500
J Mascis’ signature Jazzmaster is a modern classic of Squier’s line, and for good reason. The tune-o-matic bridge paired with the offset vibrato also provides a little bit more stability, especially if you pick like the owes you money. Doing this on a Jazzmaster with a rocking bridge can occasionally jiggle it out of alignment and ruin your intonation.
And the pickups, rather than the understated traditionally-spec’d ones you might find in a Classic Vibe, are closer to P90s, with screw pole pieces providing a thicker and more confident sound.
Squier’s Affinity range are some of the brand’s most accessible s, but that by no means leads to bad instruments. The Affinity Stratocaster is a great entry point into the world of Strats, plus a brilliant affordable mod platform if you’re handy with a soldering iron.
Best Acoustic Guitars Under $500 (2023)
Harley Benton’s DC Junior is the German brand’s take on the the set-neck, double-cut, wraparound bridge and P90-loaded solidbody. Harley Benton s are famously good s for the money – plus, An ebony fretboard? At this price? You’d be mad not to.

This affordable offset is not only a great for the budget, it’s also got tonnes of character all its own. While it looks like a very surfy , it’s hardtail bridge and high-output pickups make this instrument a sleeper rock beast.
In the last couple of years, Squier has seemingly realised that the healthy appetite for baritone s means it should stop making them limited edition. Luckily, that means that the Cabronita Baritone Telecaster has stuck around: this dual-P90 tele offers a 27” scale length, making it perfect for tuning to B-standard or lower while retaining clarity and snap.
Best Classical Guitar For Under 500 (2024)
This stripped-back instrument was originally introduced as a student model in the 1950s – and now has returned as this updated Epiphone version. With a flat mahogany body and two soapbar P90 pickups, the Les Paul special offers a great platform for those who want a no-nonsense instrument loaded with a famously versatile set of pickups.
4 “Every time I’ve played that , people turn around”: Portugal. The Man’s John Gourley on his signature Gretsch and the music that shaped his lifeThanks to the instrument’s rich history, decades of design and development, and the prevalence of high-quality CNC machining, it’s never been easier to find an electric guitar under $500. Unlike the budget guitars of years past—which often suffered from issues with durability, tuning stability and overall playability—approachable electric guitars today are built to precise standards and designed for comfort and reliability above all else. Whether you’re looking for an affordable way to build your existing guitar collection or you’re shopping for a beginner-level instrument, a sub-$500 electric guitar is a great way to get very close to the sound and feel of the pro-level instruments after which they’re modeled while spending less than half the money. In this article, we’ll dive into the best electric guitars under $500 currently available and detail what sets them apart from the crowd.

When selecting the best electric guitars under $500, we combined personal musical and production experiences, as well as the opinions of trusted peers, published critics, and online user impressions. We also considered a handful of criteria when compiling our list, beginning with the sound of a guitar, so we selected products that are capable of delivering some of the most versatile and well-known tones from popular music throughout history. In the case of purely electric guitars, the tone is dictated largely by the pickup configuration, while the acoustic-electric guitar’s body and pickups both contribute equally to its sound performance.
Best Acoustic Electric Guitars Under 500
The design and materials of an electric guitar, in general, play a significant role in the overall playability of the instrument, so we aimed to select electric guitars with woods, finishes, and designs that are easy to play and comfortable to hold. But great instruments are becoming more affordable every day, so we selected instruments that offer the best price-to-performance ratios available, whether as a standalone guitar or as a part of a bundle. Finally, brand reputation goes a long way in determining whether an electric guitar is likely to satisfy its users. Manufacturers like Fender, Gibson, and Martin have decades of experience under their belts, and their sub-$500 instruments are designed specifically to emulate their more expensive guitars at a friendlier price.
Why it made the cut: The Squier Classic Vibe ’50s Telecaster pulls off the clarity, responsiveness, and unmistakable twang of a vintage Tele at a wallet-friendly price.
The Squier Classic Vibe ’50s Telecaster is one of the best guitars under $500 currently available, boasting a build quality and finish that prove you don’t have to spend a fortune to find an instrument that sounds, feels, and looks fantastic. It’s built from a sturdy and rather heavy combination of pine and maple and comes in two distinct polyurethane body finish options (white blonde or butterscotch blonde) paired with a black pickguard to closely emulate the look of Fender’s legendary “black guard” Telecasters from the early 1950s. The guitar’s two single-coil Alnico pickups gracefully deliver Fender’s timeless palette of warm and woody tones at the neck coupled with a bright and snappy bridge sound, and its modern C-shaped neck features a 9.5-inch radius to maximize comfort and ease of playability.

Best Picks: Electric Guitars Under S$500
Overall, Fender’s quality control of the Classic Vibe ’50s Telecaster is excellent, but its price point corresponds to a relative lack of attention to some small finishing details. While any guitar can benefit from a professional setup to ensure that it performs at its best, small issues like sharp, unfinished fret edges and high string action may make a setup more or less a necessity for this Telecaster straight out of the box. Some players may also find its glossy neck finish a bit too grippy, but this is mostly a matter of personal preference and shouldn’t affect playability for the majority of guitarists. Still, if you’re open to a bit of initial maintenance and setup, the Classic Vibe ’50s Telecaster is built to sound and feel nearly identical to more expensive models like the Fender Player Telecaster, making it a fantastic way to enjoy one of music history’s most versatile and ubiquitous instruments on a budget. If a Stratocaster is more your style, consider the Squier Classic Vibe Stratocaster by Fender from the same product line.
Why it made the cut: The Little Martin LX1E is a convenient travel-sized acoustic guitar built from durable laminate wood and equipped with a built-in pickup for amplification.
The Little Martin LX1E’s compact frame, impressive unplugged volume, and easy-to-use electronics make it one of the best acoustic-electric guitars available under $500. As the most affordable acoustic-electric model in the legendary Martin company’s product line, the LX1E is a short-scale travel-friendly instrument composed primarily of a tough wooden fibreboard that’s as cost-effective as it is durable. The guitar features the same traditional solid spruce top found on the best full-sized acoustic guitars, like the Martin D-10E and D-18, which gives the LX1E outsize volume and projection performance for its relatively shallow body. A single 1/4-inch jack and a built-in Fishman pickup allow players to connect the guitar to any PA or amplifier and
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