Best Electric Guitars Under $500

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

Best Electric Guitars Under 500

Great Choices at a Glance:

How to choose an 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.

Additionally, there are also electric guitars that are entirely portable. This kind of guitar can help you practice just about anywhere. of course there are also electric guitars that are produced by well-known brands; these may be budget friendly but they’re still great quality.

When selecting a guitar, it is important to consider how you’re going to use it. This will help make sure the guitar you choose will really be useful to you.

Guitar Niche -bar stars

Squier by Fender Deluxe Stratocaster Electric Guitar

On Sale!
Squier by Fender Deluxe Hot Rails Stratocaster Beginner Electric Guitar - Black
104 Reviews
Squier by Fender Deluxe Hot Rails Stratocaster Beginner Electric Guitar - Black
  • Basswood body w/ gloss polyurethan3 finish
  • C-shape maple neck with 9.5 in radius, maple fingerboard and 22 medium jumbo frets
  • Three Duncan Designed Single-Coil Pickups
  • Synchronous Twin-Pivot Tremolo
  • Master volume, 2 tone controls and a 5-position selector switch

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 Squire 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

Click Here to Check Availability >>


  • 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

Squier by Fender Deluxe Stratocaster Guitar

  • 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
  • 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

Guitar Niche -bar stars

Schecter C-1 SGR Electric Guitar

C-1 SGR by Schecter Beginner Electric Guitar - Walnut Satin (Amazon Exclusive)
197 Reviews
C-1 SGR by Schecter Beginner Electric Guitar - Walnut Satin (Amazon Exclusive)
  • Arch Top Carved Body Electric Guitar (incudes gig bag)
  • Maple Neck with Rosewood Fretboard
  • Pearloid Dots with 12th fret Custom Inlay
  • Black Chrome Hardware

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 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.

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

Read What Schecter C-1 Customers are Saying >>


  • 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

Schecter C-1 SGR Electric Guitar

  • 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
  • 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

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

Guitar Niche -bar stars

Yamaha Pacifica Series PAC112V Electric Guitar

On Sale!
Yamaha Pacifica Series PAC112V Electric Guitar; Old Violin Sunburst
43 Reviews
Yamaha Pacifica Series PAC112V Electric Guitar; Old Violin Sunburst
  • Solid Alder Body
  • Maple Bolt-On Neck
  • Rosewood Fingerboard
  • Vintage Tremelo with block saddles
  • 5 Position Switch with coil tap

The guitars that fall under the Yamaha Pacifica Series such as this PAC112V 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 is the best electric guitar under $500 for those who are looking for a guitar with a great quality of sound.

The 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.

Yamaha Pacifica Series PAC112V Electric Guitar; Old Violin Sunburst

What Do Yamaha Pacifica PAC112V Users Think?


  • 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

Yamaha Pacifica Series PAC112V Electric Guitar

  • 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
  • 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

Compare these electric guitars under $500:

Guitar Niche -bar stars

Final verdict

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 by Fender 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.

Top Guitar Accessories:

Leave a Reply

Your email address will not be published. Required fields are marked *