Exercise bikes under $500 may lack the prestige of some of the higher priced models, yet there are many hidden gems located in this price range. Learn more about what you can expect (and need to pay attention for) with exercise bikes under $500 below...


Exercise Bike Schwinn
240
Schwinn
120
Schwinn
220
Nautilus
U514
ProForm
ZX2
Photo Schwinn 240 Exercise Bike Thumbnail Schwinn 120 Exercise Bike Thumbnail Schwinn 20 Thumbnail Nautilus U514 Exercise Bike Thumbnail ProForm ZX2 Exercise Bike Thumbnail
Rating

Our custom rating considers all of the bike's features, specs, warranties, and 100's of user & expert reviews, to save you time!

Rating: 82.8%
Rating: 82.4%
Rating: 80.4%
Rating: 76.2%
Rating: 74.8%
Full Review

This table compares the top 5 exercise bikes. Click Read Review to learn about one bike.

Read Review Read Review Read Review Read Review Read Review
Type

Type refers to the style of the ride: Recumbent bikes allow you to lay back, while Upright bikes are more like road bikes (lean forward).

Recumbent Upright Recumbent Upright Upright
Resistance

The flywheel in an exercise bike is what creates resistance. You can choose the level of resistance to increase your workout intensity.

16 Levels 16 Levels 16 Levels 16 Levels 12 Levels
Frame

It's important to choose an exercise bike that will last, and the material of the frame determines how durable the bike is.

"Step Through" Design Durable Steel Durable Steel Durable &
Lightweight
Durable Steel
Cooling Fans

Exercise Bike Cooling Fans are designed to help keep you cool during an intense workout.

Music Ready

Bikes that are music ready allow you to plug a music-playing device (iPod, smartphone, etc.) directly into the machine.

Speakers

Bike that include a sound system allow you to listen to your MP3 player/iPod through built-in speakers.

Display

Display refers to the screen you'll look at to monitor workouts. LED and LCD displays are similar to TV screens.

Multi-Color Backlit LCD LCD LCD Backlit Blue LCD Grafixx™ Hi-Res Display
Programs

Bike Programs allow you to complete a workout with changing speeds and inclines, without changing anything manually.

17 10 10 17 16
List Price

Suggested retail price, typically higher than the price you'll pay with our recommended retailers.

$599.00 $399.00 $499.00 $599.00 $599.00
Best Price

Since prices change daily, this link goes to our preferred retailer for the current best price. Note: MSRP stands for Manufacturer's Suggested Retail Price.

$488.00 $299.00 $349.00 $449.00 $599.00
Visit Site

After carefully evaluating each online retailer that offers this bike, this is the website we recommend purchasing from.


Exercise bikes under $500 are surprisingly dependable, especially when compared to traditionally low rated ellipticals and treadmills offered in the same price range. The reason for this likely falls under two explanations A) exercise bikes have less wear parts and features compared to other types of exercise equipment, thus reducing the potential for cheap parts break downs and B) exercise bikes are generally lower priced compared to ellipticals and treadmills to begin with.

Consequently, exercise bikes under $500 may not always get the same hype and coverage as other, higher priced (and more reputable models), but that is not to say that a few hidden gems exist in the under $500 price range. For example, in our list of exercise bikes under $500, four models actually received an 80 or higher percent overall rating — not bad for a budget-friendly supposedly “cheap” price range.

Exercise bikes under $500 actually compare favorably to exercise bikes from $1,000 to $1,500. The major difference is that exercise bikes under $500 do not quite have the number of extra features and luxuries of the higher priced models. If you consider one of the Top 5 Exercise Bikes Under $500 (above) you’ll be surprised to find some very dependable trainers.

For 2011, FitRated.com’s Best Exercise Bikes Under $500 include the NordicTrack C2SI (rated 82.9), Schwinn 240 (rated 82.8), Schwinn 120 (rated 82.4), Schwinn 220 (rated 80.4) and Nautilus U514 (rated 76.2). As you can probably tell, Schwinn exercise bikes particularly have a reputation for producing quality exercise bikes under $500.

When shopping for an exercise bike priced at $500 or lower the four most important things to compare and contrast is the resistance type/drive system, number of resistance levels, durability of the frame as well as the warranty & guarantee. If the warranty is poor, it probably shows a lot about the manufacture’s confidence in the trainer. You need something that is not only proficient in meeting your fitness demands but also dependable.

While upright exercise bikes are much more common in the Under $500 price range, there are actually a few recumbent bikes available including the highly touted Schwinn 240 and Schwinn 220. Check out other exercise bikes under $500 below…


More Exercise Bikes Under $500


The following did not make the Top 5 Exercise Bikes Under $500, but are still worth a look:
6) Schwinn 140 Exercise Bike Thumbnail

Schwinn 140

    List Price: $499.00

The Schwinn 140 is a reasonably priced exercise bike. The Schwinn 140 operates smoothly thanks to Eddy Current Braking Resistance (w/ 20 lb. flywheel), 16 levels of resistance and 17 pre-defined workout programs.
Read the full Schwinn 140 Review

7) ProForm 290 SPX Exercise Bike Thumbnail

ProForm 290 SPX

    List Price: $699.00

The ProForm 290 SPX is a quality exercise bike with adjustable resistance, cushioned seat and toe-cage pedals. The ProForm 290 SPX is a very basic exercise bike yet more than efficient in terms of delivering a solid workout experience.
Read the full ProForm 290 SPX Review

8) NordicTrack GX2 Sport Exercise Bike Thumbnail

NordicTrack GX2 Sport

    List Price: $999.00

The NordicTrack GX2 Sport is a solid entry-level exercise bike that is affordable and equipped with all the basic features. The NordicTrack GX2 Sport offers very few electronic luxuries, but delivers non-slip adjustable handlebars and oversized pedals.
Read the full NordicTrack GX2 Sport Review

9) ProForm ZR3 Exercise Bike Thumbnail

ProForm ZR3

    List Price: Discontinued

The ProForm ZR3 is a great "value trainer" considering that you get hi-res display, iPod dock, built-in speakers and iFit for under $600. The exercise bike also features 16 levels of resistance and "Step Through" frame design.
Read the full ProForm ZR3 Review

10) NordicTrack C2SI Exercise Bike Thumbnail

NordicTrack C2 SI

    List Price: Discontinued

The NordicTrack C2 SI is a practical trainer with 16 levels of digital resistance and compatibility with iFit. Your tunes also sound great on the built-in speakers with iPod/mp3 dock. The NordicTrack C2 SI is a quality budget trainer.
Read the full NordicTrack C2 SI Review

2 Comments

  1. sheppard
    December 10, 2012

    unit’s digital control panel has failed again. this the second failure since unit was purchased new (1/2009)

  2. Kyle
    December 11, 2012

    Hi Sheppard,

    Thanks for the feedback!

    It would be reasonable for it to do that once after 4 years, but if this is the 2nd time that’s not good.

    This model has been discontinued, so for anyone looking for a replacement, the Schwinn 120 is a good alternative in this price range.

    Have a good day,
    Kyle

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