Best Phone Under $500 for 2023: All the Features You Need

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You may think you need to spend a fortune to get an excellent phone, but that’s simply not the case. The best phones under $500 really don’t sacrifice much in comparison to devices with much higher price tags. The midrange space has a ton of competition that offer features like high-refresh-rate screens, 5G and photography processing software. You’ll need to accept some tradeoffs, though, such as lower-quality cameras or an older processor. 

The best phones under $500 may hit most of the features on your checklist. Looking for a big 6.5-inch screen? Many of these phones have that, or there are also smaller displays if that’s your preference. Need a great camera? You’ll find that in most of these picks. Most of these phones don’t skimp on software updates either, with their makers promising at minimum three years of security updates.

There are some compromises made to keep costs low, and each company takes a different approach to make these cuts less noticeable. Apple’s iPhone SE and Google’s Pixel 6A, for instance, have a smaller screen and older camera setup, yet include new processors and software from these companies. Samsung’s Galaxy A53 has a spacious screen and impressive battery life, although it runs on a less powerful processor than the Galaxy S22. And the Moto G Stylus 5G takes nice photos, provides a roomy 256GB of space and throws in a stylus, but Motorola doesn’t provide software support for as long as its competitors.

Photography and video in particular are areas where the phones in this price bracket take a noticeable hit in comparison to their more expensive counterparts. However, photo-processing software should help pick up some of the slack. For instance, while the iPhone SE has a single 12-megapixel camera that doesn’t support night photography, its A15 Bionic chip does allow for Apple’s Deep Fusion processing. It’s a similar situation for the Pixel 6A, which uses a 12-megapixel main camera and a 12-megapixel ultrawide camera, yet can enhance those photos with processing powered by the phone’s Tensor chip.

You can see the pros and cons of each of these phones below, with more details available in our full reviews.

What is the best phone under $500

The Google Pixel 6A’s solid camera and premium design make it the best Android phone under $500 right now. As long as the Pixel 7 isn’t on sale. The Pixel 6A generally accomplishes its intended purpose of providing a lot for less. The camera may be a step down from the Pixel 7, but it takes crisp and colorful photos for a phone of its price. You also get the same eye-catching design and Pixel-specific software features like Magic Eraser and Live Translate.

We should warn you that the Pixel 7A is rumored to be announced at Google I/O on May 10. If you can wait until then, you might be able to snag the 7A or get the 6A at a reduced price.

Best phones under $500

The Pixel 6A replaces the Pixel 5A as the $449 budget-friendly version of its flagship phone. CNET’s Lisa Eadicicco called it the “best Android phone under $500” in her Pixel 6A review, calling out how it keeps the same Tensor chip seen in the $599 Pixel 6 and many of its features.

The phone is slightly smaller than the Pixel 6, featuring a 6.1-inch OLED display and a refresh rate of 60Hz. And it has a similar camera to the Pixel 5A, including a 12.2-megapixel main camera and a 12-megapixel ultrawide camera. But by including the Tensor chip, photos can benefit from its Real Tone skin tone feature, Face Unblur, Night Sight for darker photography and the Magic Eraser for removing unwanted elements from a photo.

Read our Google Pixel 6A review.

The Samsung Galaxy A53 includes many of the best features seen in the Galaxy S22 line, with a few tradeoffs to hit that lower price. The phone includes a 6.5-inch AMOLED screen with a 2,400×1,080-pixel resolution, 5G support and a long-lasting 5,000-mAh battery. The phone also comes with a 64-megapixel main camera, 12-megapixel ultrawide camera, 5-megapixel macro camera and 5-megapixel depth camera.

But a particular high point for this phone is Samsung’s pledge to provide four years of software support, in addition to shipping with Android 12 with Samsung’s One UI 4.1. However, Samsung just announced a new version of this phone, called the Galaxy A54 5G, which we’re looking forward to testing soon. 

Read our Samsung Galaxy A53 5G review.

The $429 iPhone SE is a mix of an older design with the latest smartphone features, including Apple’s A15 Bionic chip and 5G support. It’s also one of the few phones on the market that includes a smaller, 4.7-inch screen.

It’s that throwback design, which continues the general shape that Apple has used since 2014, that could be what you love or dislike most about this phone. If you want a larger iPhone in this price range, you can also consider the iPhone 11, and get a bigger screen and Face ID. But that phone does not include 5G connectivity.

The phone also only includes one 12-megapixel main camera, which does not support night mode. Most other phones in this roundup include multiple cameras and features like night mode, making the omission noticeable. However, photos make up for this by including the Deep Fusion photo-processing technique to enhance medium-to-low light photos, and Smart HDR4 processing for improving color and contrast. CNET Managing Editor Patrick Holland did find that video shot in 4K resolution at 60 frames per second is particularly good on the iPhone SE, but it will not include the Cinematic Mode seen on the iPhone 13.

Read our Apple iPhone SE review.

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The $500 Moto G Stylus 5G (2022) is one of the best stylus-equipped phones you can get right now, especially for the price. You get Android 12, 5G connectivity, a large 6.8-inch screen and a spacious 256GB of storage. Unfortunately, the phone is only promised one software update and three years of security updates, which is a much shorter timeline than the four years promised by Samsung for the Galaxy A53.

Yet if you want a stylus-equipped phone, the next step-up option is the substantially more expensive Galaxy S22 Ultra at $1,200.

Read our Moto G Stylus 5G review.

With the launch of the iPhone 14 series, Apple discontinued the $500 iPhone 11, but it’s still widely available. It might be a few generations old, but this phone is still more than capable, handling gaming well and equipped with two superb rear cameras. It is missing 5G support, which is increasingly improving as wireless carriers invest in the network, but the phone will work fine on LTE and Wi-Fi. The iPhone 11 also does not support MagSafe accessories, which were introduced alongside the iPhone 12.

Just note that some places may be selling refurbished versions of the phone since Apple itself is no longer selling new iPhone 11 models. Best Buy does not carry any unlocked models, so you’ll have to sign up for a service plan through either AT&T, Verizon, T-Mobile or Sprint.

Read our Apple iPhone 11 review.

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The Nothing Phone 1 is technically available in the US for $299, but only through a beta program that is selling an international model with limited US carrier compatibility. While the company does plan to officially launch a future phone for the North American market, this phone is still worth a look in countries where it’s available. It offers a striking design and decent specs for the money, even at its higher £399 UK price (which converts to roughly AU$700).

The Nothing Phone 1 is adorned with LED strips on the back, each of which is called a “glyph,” that light up for alerts and notifications. That design is accompanied by two 50-megapixel cameras: a wide angle and an ultrawide. Around the front is a 6.55-inch 120Hz display with a 2,400-by-1,080-pixel resolution and a 16-megapixel selfie camera. The phone runs on a Snapdragon 778G Plus chip, with models that start with 8GB of memory and 128GB of storage.

All that amounts to a phone that compares well within the price range, especially given its camera quality and looks. 

How we test phones

Every phone on this list has been thoroughly tested by CNET’s expert reviews team. We actually use the phone, test the features, play games and take photos. We assess any marketing promises that a company makes about its phones. And if we find something we don’t like, be it battery life or build quality, we tell you all about it. 

We examine every aspect of a phone during testing:

• Display
• Design and feel
• Processor performance
• Battery life
• Camera quality
• Features

We test all of a phone’s cameras (both front and back) in a variety of conditions: from outdoors under sunlight to dimmer indoor locales and night time scenes (for any available night modes). We also compare our findings against similarly priced models. We have a series of real world battery tests to see how long a phone lasts under everyday use.

We take into account additional phone features like 5G, fingerprint and face readers, styluses, fast charging, foldable displays and other useful extras. And we, of course, weigh all of our experiences and testing against the price so you know whether a phone represents good value or not.

Read more: How we test phones

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