The Best Treadmills Under $500 in 2023

If you’re looking to add more movement to your daily routine, having a treadmill at home or in the office can make a big difference. However, many treadmills on the market can be quite expensive, with prices exceeding $1,000. This may not be feasible for everyone’s budget. 

That’s why we have put together this list of the best treadmills under $500 that are perfect for those on a more modest budget.

With that, here are The 5 best treadmills that cost $500 or less for your home gym.

Our Picks for the Best Treadmill Under $500:

Best Overall Treadmill Under $500: WalkingPad C1 Lightest Foldable Walking Machine

Key Features:

  • Price: $470
  • Net Weight: 48 lbs / 22KG
  • Warranty: One year
  • User weight capacity: 220 lbs / 100KG
  • Incline/speed levels: 12 speed levels, no incline
  • Tech features: Remote control without display screen
  • Motor: 746 W Brush motor

If you’re looking for the best treadmills under $500 in 2023, then you definitely need to check out the WalkingPad C1 Lightest Foldable Walking Machine. This innovative piece of fitness equipment is a game-changer when it comes to at-home workouts. Not only is it compact and lightweight, but it also offers an incredible walking experience that rivals traditional treadmills.

One of the standout features of the WalkingPad C1 is its foldable design. This means that you can easily store it away when not in use, making it perfect for those with limited space. But don’t let its small size fool you, because this walking machine is packed with power. With a maximum speed of 6 km/h, you can get your heart rate up and burn calories without having to leave the comfort of your home.

Another great feature of the WalkingPad C1 is its intelligent speed control. This means that the speed adjusts automatically based on your walking pace, giving you a seamless and comfortable workout every time. Plus, with its non-slip walking surface and shock absorption design, you can feel confident and safe while using this machine.

But what really sets the WalkingPad C1 apart from other treadmills in its price range is its advanced technology. It features a built-in LED display that shows your speed, distance, time, and calories burned. You can even connect it to your smartphone via Bluetooth and track your progress using the WalkingPad app.

Best Under-Desk Treadmill Under $500: WalkingPad P1 Foldable Walking Treadmill

Key Features:

  • Price: $499
  • Net Weight: 62 lbs / 28KG
  • Warranty: One year
  • User weight capacity: 220 lbs / 100KG
  • Speed levels: 0.5 to 3.7 miles per hour
  • Tech features: None
  • Motor: 746 W Brush motor

This compact machine has a sleek design and lacks a console or front handlebars, making it convenient to fit under a standing desk for use or store it beneath a bed or couch when not in use. If storage space is limited, there’s good news – it can be folded in half, reducing its footprint to 33 by 21 inches without requiring any additional height clearance. To enhance the walking experience and minimize noise that could disturb coworkers, an extra layer of EVA foam is added underneath the walking belt to cushion each step.

With 12-speed options ranging from ​​0.5 to 3.75 miles per hour, you have multiple ways to control the pace: using the remote control which displays your current speed, utilizing the KS Fit app on your smartphone, or simply adjusting your foot placement on the belt itself. The latter option allows for hands-free adjustment of pace and is our personal favorite because you can maintain productivity while focusing on tasks such as spreadsheets – just move your feet closer towards the front of the belt to increase speed or towards the rear to decrease speed; keeping them centered will maintain a constant pace.

Best Mini Treadmill Under $500: WalkingPad C1 Mini Folding Walking Machine

Key Features:

  • Price: $480
  • Footprint: 57 inches long and 21 inches wide
  • Warranty: One year
  • User weight capacity: 220 pounds
  • Incline/speed levels: 12 speed levels, no incline
  • Tech features: Remote control with display screen
  • Motor: 746 W brushed DC motor

If you find yourself spending most of your day sitting at a desk, an under-desk treadmill can be a valuable tool to incorporate more movement into your work routine. One option worth considering is the WalkingPad C1 Mini Folding Walking Machine, which is priced below $500. This treadmill offers 12 different speed settings ranging from ​​0.5 to 3.75 miles per hour and provides three ways to control the pace: through a remote control, a mobile app, or by adjusting your foot placement on the belt.

Our preferred method for adjusting the pace hands-free is by using our feet on the belt itself. To increase speed, simply move your feet closer to the front of the belt; conversely, moving them towards the rear will decrease speed. By keeping your feet in the middle position, you can maintain a consistent speed throughout your workout session.

Additionally, if space is limited in your home or office environment, you’ll be pleased to know that this treadmill folds in half and takes up very little space when stored – just 34 by 21 inches wide and adding less than an inch in height when unfolded (4.6 inches).

Best Incline Treadmill Under $500: Egofit Walker

Key Features:

  • Price: $459
  • Footprint: 38.39 inches long and 6.89 inches wide
  • Warranty: One year
  • User weight capacity: 220 pounds
  • Incline/speed levels: 5 – 3.1 MPH, 5% incline
  • Tech features: Control through an app or the remote
  • Motor: 2.0HP 

The Egofit Walker is a budget-friendly machine that offers a 5% incline, perfect for those who want to prepare for challenging hill climbs or simply desire a more intense walking workout. Anthony O’Reilly, an expert product tester and GGR performance editor, discovered during his testing that this machine caused soreness in his legs, particularly his calves.

While there are treadmills available under $500 with steeper inclines, they tend to be bulkier than the compact Egofit Walker.

It’s important to note that this treadmill may not be suitable for taller runners or individuals with larger frames due to its weight capacity of only 220 pounds and smaller engine size (2 horsepower). Anthony, who is close to the weight limit, noticed some struggling from the engine while using it. However, Kate Meier – GGR’s head of content and product tester – who falls well below the weight limit has experienced no issues using it on a nearly daily basis.

Conveniently equipped with a remote control feature, users can easily adjust the speed while on the treadmill.

Best Treadmill for Walking Under $500: XTERRA Fitness TR150

Key Features:

  • Price: $366
  • Footprint: 63.4 inches long and 51.4 inches wide
  • Warranty: Lifetime frame, 1-year motor, 90-day labor, 90-day deck
  • User weight capacity: 250 pounds
  • Incline/speed levels: 0.5-12 MPH / 0-12 Levels
  • Tech features: APP Mobile control and WIRELESS Remote control
  • Motor: 2.25 CHP

The XTERRA Fitness TR150 is a top-notch treadmill that can assist you in achieving your personal walking goals. This cardio equipment is designed with user-friendliness in mind, featuring large buttons and a straightforward LCD display, making it an ideal addition to any home gym.

While it may not offer advanced interactive programming like iFIT, the TR150 does provide 12 preset programs to help you break a sweat. What sets this treadmill apart is its incredibly affordable price tag of under $400 and the fact that it comes with a lifetime warranty for its frame – a rarity among budget-friendly treadmills.

It’s worth noting that the XTERRA TR150 can be folded, making it our top pick for the best folding treadmill under $500. However, I do advise caution when using this feature. Unlike some other models, this treadmill does not have a gas shock mechanism on its deck to ensure smooth unfolding. As such, there is potential for accidents involving little hands or feet if not handled carefully.

In conclusion, if you’re seeking an efficient and reasonably priced treadmill to support your fitness journey at home, the XTERRA Fitness TR150 offers great value for money without compromising on quality or performance

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