7 Best Electric Guitars Under $500

Let’s face it; we all dream of owning those high-end guitars that our favorite rock stars play. But, reality check: not everyone’s wallet is as fat as a rockstar’s. Fear not! If you’re on a budget but still want to own a solid electric guitar, we’ve got some amazing picks for you.

Let’s uncover the 10 best electric guitars you can snag for under $500.

1. Fender Squier Classic Vibe ’50s Stratocaster

A Fender Strat is iconic, but its price tag can be intimidating. Enter the Squier Classic Vibe series! This guitar has the traditional Strat look and feel but at a fraction of the cost. With its vintage-tint gloss neck, three Alnico single-coil pickups, and classic design, it’s a lot of guitar for not a lot of cash.

2. Yamaha Pacifica PAC112V

Yamaha is known for producing quality instruments across the board, and the Pacifica series is no exception. The PAC112V offers a solid alder body, a versatile HSS pickup configuration, and a smooth-playing maple neck. Plus, it’s known for its robust build. Bang for the buck? Absolutely!

3. Ibanez RG421

Metalheads, where you at? The Ibanez RG series is legendary in metal and shred circles for its fast neck and aggressive tone. The RG421 has a mahogany body, a Wizard III maple neck, and Quantum pickups, making it perfect for everything from chunky rhythms to blazing solos.

4. Gretsch G2622 Streamliner

Who says semi-hollow guitars are only for jazz cats? The Gretsch G2622 Streamliner combines vintage vibes with a modern edge. Its Broad’Tron pickups can handle clean tones and gritty rock sounds with ease. And let’s face it, that double-cutaway body just oozes cool.

5. Jackson JS32 Dinky

Another one for the metal enthusiasts! Jackson guitars have long been a staple in the metal world, and the JS32 Dinky embodies that spirit without costing a fortune. With its arch-top basswood body, speedy maple neck, and high-output ceramic-magnet humbuckers, it’s ready to roar.

6. Schecter C-6 Deluxe

Schecter is a brand that has grown in popularity thanks to its blend of quality and affordability. The C-6 Deluxe, with its basswood body and Schecter Diamond Plus pickups, offers a balanced tone suitable for various genres. Plus, the thin ‘C’ shaped neck is a joy to play.

7. Mitchell TD400

A lesser-known brand, but don’t let that fool you! The Mitchell TD400 offers an alder body, a maple neck, and a unique pickup configuration (one single-coil and one humbucker). It’s versatile, and its double-cutaway design is both functional and stylish.


In conclusion, there’s no need to spend big bucks to get a quality electric guitar. Many brands offer fantastic instruments that capture the essence of their more expensive counterparts without the high price.