If you’re in the market for a new smartphone but don’t want to break the bank, but still have some funds to pay, you’re in luck! With so many great options available, it’s easy to find a device that offers premium features without exceeding your budget. Whether you’re looking for powerful performance, stunning displays, excellent cameras, or long-lasting battery life, there are plenty of smartphones under $500 that deliver incredible value.
To make your decision easier, we’ve compiled a list of the best smartphones under $500. These devices provide top-tier specifications and functionality, so you can enjoy a premium smartphone experience without the hefty price tag. Keep reading to discover the best budget-friendly smartphones that don’t compromise on quality!
Best Smartphones Under $500
POCO X7 Pro
The POCO X7 Pro arrived as one of the greatest offerings for the premium mid-range market. It has a powerful Dimensity 8400-Ultra chipset that can rival the level of performance seen on many flagships. The device also has a powerful battery can capable cameras to make it one of the best options under $500 you can grab.
Realme 14 Pro+ 5G
OnePlus 12R
Realme Neo7
The Realme Neo 7 is a powerful mid-range phone designed with high-end features. It offers a 6.78-inch AMOLED display with a 120Hz refresh rate, providing vibrant colors and smooth visuals. The phone is powered by the MediaTek Dimensity 9300+ chipset with up to 16GB of RAM and 1TB of internal storage.
The rear camera setup includes a 50MP primary sensor with OIS, paired with an 8MP ultra-wide lens, capturing sharp and wide-angle shots. The 16MP front camera is great for selfies and video calls.
It features a 7000mAh battery with 80W wired charging, ensuring you can charge the device rapidly. The phone is also IP68/IP69 rated, offering water and dust resistance. Other notable features include stereo speakers, 5G support, and NFC. It runs on Android 15 with Realme UI 6.0, making it an efficient and user-friendly device.
Honor 300
The next device to be among the best smartphones under $500 is the Honor 300. We don’t know exactly when Honor will bring this smartphone to global markets. However, the MWC 2025 could be a good opportunity. It’s packed with good cameras and great hardware and for less than $400 (in China) it’s a great option.
The Honor 300, launched in December 2024, is a premium smartphone that combines high-end performance with a sleek design. It features a 6.7-inch AMOLED display with a 120Hz refresh rate, ensuring smooth visuals. Under the hood, it is powered by the Qualcomm Snapdragon 7 Gen 3 processor, supported by 8GB, 12GB, or 16GB of RAM, and offers storage options of 256GB or 512GB. The device is equipped with a 5,300mAh battery, supporting 100W wired fast charging and 5W reverse wired charging, providing ample power for extended use. For photography, it boasts a 50MP main rear camera and a 50MP front-facing camera, delivering high-quality images. The Honor 300 runs on Android 15 with MagicOS 9, offering a user-friendly interface. Its IP65 rating ensures dust and water resistance, adding durability to its design.
Conclusion
And these are the best smartphones under $500 you can grab in January 2025. If you’re looking for alternatives, check the best smartphones under $300 and $150 list we’ve compiled for the different money quotas.