The Best Electric Guitars Under $500

These are what we recommend as the best electric guitars in the $130 to $500 price range. Although it is possible to find some that are cheaper if you look hard enough - we haven't found any below this price range that are of good enough quality for us to recommend them.

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The models below are listed in order of price - not the manufacturer's suggested price - but the lower prices you can actually buy your electric guitar for at online music gear stores.

We've broken these down into two categories:
1. Best Under $200
2. Best Under $500

Best Electric Guitars Under $200

For the best in the budget price range, suitable for beginners, there is a clear leading brand - Epiphone. They produce budget versions of some of the more famous Gibson guitars like the 'Les Paul'. The other big name brand here is Squire, and they make affordable versions of Fender guitars like the famous Stratocaster.

But they're not the only good guitars in this price range, so here's our recommended Top 5 electric guitars under $200:

Squier Bullet Strat

Squier Bullet Strat
The Squier Bullet Strat is an affordable and practical electric guitar with the familiar Fender Stratocaster body shape and tremolo. It is a light weight solidbody electric guitar, designed to produce basic yet versatile single coil Fender tones. The Squier Bullet will introduce you to the feel and sound of Fender guitars.

Look around and you'll find this selling for a little under $130. Go to the Squire Bullet page for more information.

Epiphone Les Paul Special II

Epiphone Les Paul Special II
Definitely one of the best guitars in this price range, it's Epiphone's top selling guitar, and it's not hard to see why. It is a popular Les Paul stunt double, allowing you to rest your expensive Gibson Les Paul and carry an affordable road worthy look-a-like workhorse. The Epiphone Les Paul Special II is designed to produce something close to the Gibson Les Paul tone and feel by using inexpensive materials.

It usually sells online for $149. Go to Sweetwater for complete specs.

Ibanez GRX70QA

Ibanez GRX70QA
By using affordable tonewoods and parts, the Ibanez GRX70QA offers the same playability, look and set-up as expensive guitars at affordable prices. It offers the same fast and low action neck that Ibanez is known for, making it ideal for aspiring shredders. While the quilted grain top gives it an elegant look, which is quite rare in this price range. Although it looks like it is meant for rock, the guitar's HSH triple pickup configuration allows it to work well with other genres.

The street price is $199.99. Go to the Ibanez GRX70QA site for full specs.

Best Electric Guitars Under $500

There are some great guitars in this price range, including actual Fender model. Here is our pick of the Best 5 electric guitars under $500:

Ibanez RG450DX

Ibanez RG450DX
The RG450DX is the epitome of Ibanez, featuring hot rod looks and specs at a very reasonable price tag. Its striking appearance are matched by its sleek playability and tonal versatility. If you want to play fast, then you will appreciate Ibanez' "Wizard III" neck, considered by many as the most comfortable neck profile in the world. The Edge Zero II vibrato bridge and HSH pickup configuration allow for expanded musical expression, which in this price range is a great deal.

You can buy it online for only $399.99. For more info visit Sweetwater.

Epiphone G-310

Epiphone G-310
Another iconic rock guitar is made affordable by Epiphone. The G-310 SG is designed to capture the feel and sound of classic Gibson SGs. The shape and size of the body follows the traditional SG design and two open-coil humbucker pickups reproduce the classic sounds expected from these dual cutaway metal and rock axe. And the best thing about it is it gives you all these without having to spend much.

You can buy it for only $249.00 online. For the complete specs, visit the Epiphone G-310 page.

Epiphone Les Paul Standard

Epiphone Les Paul Standard
A great value guitar under $400! This is Epiphone's take on the original Les Paul design and it looks and plays very much like the more pricey original. Being affordable and mass produced, it doesn't have the same expensive woods and components as the Gibson version, but you will find the Epiphone Les Paul Standard can nearly match the expensive Gibson Les Pauls in terms of sound quality.

Current Retail price is at $399. For more info, visit the Epiphone Les Paul Standard page.

Schecter Damien Elite-6

Schecter Damien Elite-6
Schecter have really made a name for themselves in the metal scene, and the Damien Elite-6 is certainly up there in terms of tone and features, despite being available for just under 500 bucks.

It sports active EMG 81/85 humbucker pickups and 24 jumbo sized frets to let you shred with the best of them. The abalone fret inlays and the shiney finish on the quilted maple top are things you'd usually expect in a more expensive model.

It's listed online at $499. For full specs, visit the Damien Elite-6 page.

Fender Standard Stratocaster

Fender Standard Stratocaster
The Fender Standard Stratocaster embodies the classic Fender Strat features including 3 Standard Strat single-coil pickups. It has the classic vintage style tremolo, however they have added a high mass bridge block to give it even more sustain than the original strats.

It is currently selling for just under $500. Visit the Standard Strat page for further info.

Sweetwater Thank you to Sweetwater for their sponsorship and providing the full specifications for the guitars above where possible. You can see more electric guitars at www.sweetwater.com/shop/guitars/electric-guitars/

Related Items:

electric guitars Check out this collection of electric guitar brands which our team here are GuitarSite.com have rated as the best.
 

acoustic-electric The 5 Best Acoustic-Electric Guitars Under $500.
 

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Electric Guitars

Oh wow these guitars are just so good! I loved each and every one of them! In fact, I was planning to give a gift to my younger brother and your blog has solved my issues ;).. Thanks for sharing mate!

You people should all take a

You people should all take a look at the Agile AL 2000 and 3000 series guitars. The list of standard tone woods alone should put them on the list! But combine build quality that matches or exceeds that of the Japanese and Korean built Epiphone Les Pauls from a few years back,(now a cult classic and for good reason quality, big name hardware, D' Adario, Grover18:1 tuners, Tusq nuts with string saver saddles on the bridge, full triple bindings, set neck or neck through, choice of regular, slim or wide necks, real tone woods wide choice of finishes and better tone, it is THE clear choice over the Chinese made Epiphones! Try one yourself and you will see from the first note you won't need much convincing! In my opinion it's embarrassing how superior these guitars truly are to the Epiphones. The Epiphone advantage? You walk into any music store and try one or ten out. The Agile advantage, more and more young new bands have them on STAGE with them! And as with the Elitist Epiphone L.P.'s, for good reason

This list is bogus. It's

This list is bogus.
It's alwasy fender and gibson listed.
I have hagstrom guitars which blow away the playability of either of those brands...

Hagstrom definitely make

Hagstrom definitely make some great guitars.

Correct me if I'm wrong, but I didn't think they made any electrics that sell for less than $500 - which is why they weren't considered for this roundup.

Hagstrom pricing

The Ultra Swede Flame goes for 499.99 on musiciansfriend so it fits if you consider 1 cent under to be "under" 500 $ ;)
They are indeed great guitars!

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