Although there are some very good ellipticals under $500, it's important to realize that these are going to be rather basic machines for the most part, with limited features and capabilities.
These are just fine for light use, rehabilitation or use by the elderly, but if you want something more substantial try to bump up to the $500-$1000 range if you can.
If not, there are certainly enough good choices for you here.
Below you will find our top elliptical trainers under $500. We made these selections based on features, capabilities, workout programs and overall value.
We start with the most popular ellipticals at the top and work down from there.
You can see the best current price for each model as well as read our in-depth reviews. We've also provided a brief overview of the best features so you can decide which appeal to you most.
BEST ELLIPTICAL UNDER $500 - WINNER
The Xterra FS3.5 is one of the most feature-packed ellipticals you'll find for under $500. You get 12 built in workout programs, 24 resistance levels, heart rate monitoring and a 300 lb. max weight capacity.
Schwinn 411 Elliptical
One of the newest ellipticals in the Schwinn lineup, this one has 16 resistance levels, lots of workout programs, wireless heart rate monitoring and free Run Social app integration.
ProForm Hybrid Trainer
The ProForm Hybrid Trainer combines two cardio machines in one with 16 built in workouts, 16 resistance levels, iFit technology, Google map integration and adjustability for comfort.
Another good choice, the Exerpeutic 5000 comes with Bluetooth workout tracking, 24 levels of resistance, compact size and 12 built in workout programs.
Those are our expert's selections for the best ellipticals under $500 as far as features and capabilities that are included for the price.
Most of the popular brands out there, including NordicTrack, Sole, Bowflex and Horizon, don't make ellipticals under $500.
Their machines start at around $799 for the base model, and work their way up to about $1999 on the high end.
ProForm ellipticals are the one exception to the rule, as they offer the Hybrid Trainers in the $399-$599 price range, and those are worth considering if you want to stay right around $500 or so.
Other than ProForm, for cheap ellipticals you're looking at brands like Schwinn, Exerpeutic, Sunny Health, Best Fitness and Stamina, companies that specialize in entry level cardio equipment.
If you want to find a wide selection of ellipticals under $500 just follow that link to Amazon, where you will find dozens of popular models from these brands as well as others like Schwinn, Nautilus and other low cost companies.
Again, don't expect too much at this price range, and definitely opt for an extended warranty as most of the elliptical trainers under $500 have less than adequate warranties. Make sure you protect yourself as these machines tend to break down much quicker than the more expensive ones.
What You Can Expect/What to Look For
If there will be multiple users, or if you plan on using your elliptical every single day, note you'll be much better off above $500.
Even upping your budget a couple of hundred dollars can make all the difference, and if you can get another year or two on the machine, it's worth it.
If you're interesting in seeing our best picks in all price ranges, our experts break down the best elliptical for home use for every budget.
Best By Price
Elliptical Buying Guide
Here is your chance to rant or rave about the elliptical you use at home or at the fitness center.