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The Best Electric Guitars Under $500 [Quick Guide & Reviews for 2020]

In this expert review, we examine the best electric guitars under $500 that provide the greatest overall value for beginner to intermediate players.

The Best Electric Guitars Under $500

What’s the Best Electric Guitar Under $500? Let’s Find Out!

Budget Electric Guitars at a glance:

Product

Feature Image

Rating

Relative Price

#1 Best Value

Squier by Fender Deluxe Stratocaster

Squier by Fender Deluxe Hot Rails Stratocaster Beginner Electric Guitar - Black 4.2 out of 5 stars

$$$

 

#2 Modern Voicing

Schecter C-1 SGR

C-1 SGR by Schecter Beginner Electric Guitar - Walnut Satin (Amazon Exclusive) 4.5 out of 5 stars

$$

 

#3 Most Versatile

Yamaha Pacifica Series PAC112V

Yamaha Pacifica Series PAC112V Electric Guitar; Old Violin Sunburst 4 out of 5 stars

$$$

 

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In Review: The Top 3 Electric Guitars Under $500

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Guitar Niche -bar stars

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1. Best Value: Squier by Fender Deluxe Stratocaster Electric Guitar

The Squier by Fender Deluxe Stratocaster Electric Guitar is a very affordable electric guitar that beginners and intermediate players can buy. It has a basswood body and maple neck with a radius of 9.5”.

The pickups used for the guitar are three Duncan Designed single coils, and although they’re not the best looking pickups for electric guitars, they do a great job when it comes to sound.

The Squier Deluxe Stratocaster comes with a built-in tuner that is good enough to tune the guitar and play it, although there are tuners that are better. The well-crafted neck and fingerboard are made from maple and very smooth; that’s why moving up and down the fretboard is easy and free from snags.

They come in 4 beautiful colors and each of them looks more expensive than they really are. This is the best electric guitar under $500 for those who want an electric guitar that not only sounds good, but looks good as well.

Squier by Fender Deluxe Hot Rails Stratocaster Beginner Electric Guitar - Black

Key Features

  • Guitar body is made of basswood and has a polyurethane finish
  • Neck is made from maple and has a radius of 9.5”
  • Has 22 medium jumbo frets that is on a maple fingerboard
  • Makes use of single-coil pickups that are Three Duncan Designed
  • Has a synchronous twin-pivot tremolo
  • Has controls for volume, tone and a position selector
  • Available in different colors

Pros and Cons

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Squier Deluxe Stratocaster Electric Guitar Review

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What We Like

      • Low price for the great value of the guitar
      • Looks just like a high end guitar
      • Frets are smooth and there are no snags or fret sprouts

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What We Don’t Like

      • Difficult to keep in tune with excessive use of the whammy bar
      • Tuners are not the best quality
      • Guitar may not be set up and needs to be adjusted to lower the action

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What are Squier Deluxe Strat Owners Saying? >>

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Squier by Fender Deluxe Hot Rails Stratocaster Beginner Electric Guitar - Black

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Check Squier Deluxe Stratocaster Owners Availability >>

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Guitar Niche -bar stars

2. Most Modern: Schecter C-1 SGR Electric Guitar

The C-1 SGR by Schecter beginner electric guitar has an arched top, carved body with a maple neck, and rosewood fretboard. It has pearloid dots, a custom inlay on the 12th fret, and has black chrome hardware.

This is a great looking guitar that plays excellent considering it’s low price. The C-1 SGR by Schecter we examined on our workbench had all the earmarks of great overall value.

Many entry-level guitars can have less than great ergonomic design making uncomfortable to play.

This guitar is shaped with the comfort of the player in mind.

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Schecter SGR C-1

SGR C-1 Pickups

SGR C-1 Black Hardawre

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Key Features

  • smooth, arched top
  • pickups are clean and reasonably well balanced
  • polished black chrome hardware
  • 24 frets for a full two octave span
  • pearloid dots
  • unique pattern on the 12th fret
  • attractive and unique shape
  • comes with its own gig bag
  • easy playing, fast action neck

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Pros and Cons

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Schecter C-1 SGR Electric Guitar Review

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What We Like

      • This guitar comes in a variety of colors, including walnut satin, electric blue, and midnight satin black
      • You have 24 frets to work with, so the guitar is going to be able to grow with you as you learn and want to experiment more on the higher frets
      • The rosewood fretboard is attractive with the pearloid dots and interesting 12th fret design, and it is smooth and easy to play on

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What We Don’t Like

      • One of the biggest problems we can find with this guitar is that it sometimes will buzz between frets, therefor a minor setup is necessary
      • There are other entry-level guitars around the same price that have much better pickups
      • This is probably not the best choice for advanced musicians, as it is designed to be a beginner guitar

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What Are Schecter C-1 SGR Customers Saying? >>

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C-1 SGR by Schecter Beginner Electric Guitar - Walnut Satin (Amazon Exclusive)

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Check Schecter C-1 SGR Availability! >>

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Read our complete expert Schecter C-1 SGR electric guitar review here.

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3. Most Versatile: Yamaha Pacifica Series PAC12 Electric Guitar

The guitars that fall under the Yamaha Pacifica Series such as this PAC12 Electric Guitar are well known for their tone as well as how great they are to play. It comes from a well- known brand when it comes to producing musical instruments.

It certainly qualifies as one of the best electric guitars under $500 for those who are looking for a guitar with a great quality of sound.

This Yamaha guitar comes in different colors and there are also different models that are under the same series. They can also be purchased as a set with accessories, with the amp only, or a guitar only.

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Yamaha Pacifica Series

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Key Features

  • Body is made from solid alder
  • The neck is made of maple and is bolt-on
  • It has a beautiful rosewood fingerboard
  • It includes a vintage tremolo
  • Finished with a clear varnish to showcase the natural grain of the wood
  • Has a 5-position pickup switch with humbucker coil-splitting
  • There are 2 single-coil pickups and an Alnico V magnet humbucker
  • Guitar can be purchased as the guitar alone, with a set of accessories or only with the amp

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Pros and Cons

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Yamaha Pacifica PAC12 Electric Guitar Review

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What We Like

      • Low action makes it easier for beginners to use and practice on it
      • Materials used for the guitar are properly built to make sure they are durable

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What We Don’t Like

      • Initially set up for low action which causes some fret buzz, but this can be remedied by having it properly set up by a local music store
      • Doesn’t include other accessories such as an amp, picks, guitar cord or a stand

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What Do Yamaha Pacifica PAC12 Users Think?

Yamaha Pacifica Series PAC012 Electric Guitar; Metallic Red

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Check Yamaha Pacifica Availability! >>

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What To Look For When Choosing A Good Electric Guitar Under $500

The best way to learn how to play an electric guitar is to have a decent instrument that you can practice on. At first it may seem that some electric guitars are too expensive, which is why some choose to go for a self-contained acoustic.

If you’re committed to learning and playing an electric guitar, you’ll certainly find one that will fit your $500 budget.

There are tons of electric guitars are under $500, but you still have to make sure a particular electric guitar you choose is well suited for you.

There are electrics that not only sound great but look great too – but keep in mind cosmetic appointments come at a price. Still, these are instruments you’ll certainly be happy to take with you to your gigs and jam sessions.

Of course there are electric guitars produced by well-known brands; these may be budget friendly, but they’re still great quality.

When selecting a guitar, it’s important to consider how you’re going to use it. It must It must also be user friendly and easy to play. This will help make sure the guitar you choose will really be useful to you.

Compare your best choices for electric guitars under $500:

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Final Verdict: Which Mid-level Electric Guitar Promises the Best Value?

Affordable guitars under $500 are available today and you can find a great quality model within that budget.

The three mentioned here are all under $500 but if we just had to choose one, we’d say that the Squier Deluxe Stratocaster Electric Guitar is the best electric guitar under $500.

For those who are concerned not only with the sound and quality but also the appearance of their guitar, this guitar can certainly be taken to gigs and jamming sessions.

EDITOR’S PICK

Squier Deluxe Stratocaster Electric Guitar

Squier by Fender Deluxe Hot Rails Stratocaster Beginner Electric Guitar - Black

What are Squier Strat Owners Saying? >>

  • Average Build Quality
  • Average Sound Quality
  • Average Value Factor
4.3

Summary

Overall Score:

Top Guitar Accessories:

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