Best Phones Under $500 in 2023

Compare the cheapest phone prices under $500
Apple iPhone 7 frontApple iPhone 7 back
AppleiPhone 732GBRefurbished
Starting atMSRP: $649$92
Apple iPhone 7 Plus frontApple iPhone 7 Plus back
AppleiPhone 7 Plus32GBRefurbished
Starting atMSRP: $769$140
OnePlus Nord N10 frontOnePlus Nord N10 back
OnePlusNord N10128GB
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* $50 Off with 12 Month Plan
$11/mo*0% APR for 18 mthsFull price: $199
Motorola Moto E frontMotorola Moto E back
MotorolaMoto E32GB
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* $50 Off with 12 Month Plan
$11/mo*0% APR for 12 mthsFull price: $129

Phone deals under $500 in February

By Rob Webber - Last updated on

Are you looking for the best phone under $500? We can help you find the best deal while saving up to $600 a year, per line.

At a time when all your household costs are increasing, your cell phone bill doesn't need to be one of them. At MoneySavingPro we can help you find the phone you want, on your favorite network, at a much lower cost.

If you've not heard of MVNOs, you're not alone. They're low-cost carriers that operate on the three major US networks, offering the same 5G & 4G LTE wireless coverage but with plans starting as low as $10 a month.

Buying a phone directly from a major network may look like a good deal initially but after factoring in the cost of their over-priced unlimited data plans over 3 years, you could end up paying as much as $2,000 more than you need to!

We've compiled a list of the best phones under $500 from low-cost carriers, so you can find the best phone deal at the cheapest price without sacrificing your wireless service.

Best iPhones under $500

Apple iPhone 7
Retailer
Back Market
Storage
32GB
Network
AT&T
Condition
REFURBISHED
Price
$92
MSRP: $649
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The Apple iPhone 7 has 32GB storage capacity. It includes a 4.7 inches screen and 12 MP camera. This refurbished iPhone 7 is available from Back Market with AT&T network coverage and prices starting from $92.

Apple iPhone 7 Plus
Retailer
Back Market
Storage
32GB
Network
Condition
REFURBISHED
Price
$140
MSRP: $769
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The Apple iPhone 7 Plus has 32GB storage capacity. It includes a 5.5 inches screen and 12 MP camera. This refurbished iPhone 7 Plus is available from Back Market with AT&T, Verizon & T-Mobile network coverage and prices starting from $140.


Best Android phones under $500

Best Samsung phones

Best One Plus phones

OnePlus Nord N10

* $50 Off with 12 Month Plan
OnePlus Nord N10
Retailer
Mint Mobile
Storage
128GB
Network
T-Mobile
Condition
NEW
Price
$11/mo*
0% APR for 18 mths
See DealFull price: $199
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The OnePlus Nord N10 has 128GB storage capacity. It includes a 6.49 inches screen and 64 MP camera. This new Nord N10 is available from Mint Mobile with T-Mobile network coverage and prices starting from $11/mo.

Best Deals
Device128GB
OnePlus Nord N10 Unlocked$11/mo

Best Motorola phones

Motorola Moto E

* $50 Off with 12 Month Plan
Motorola Moto E
Retailer
Mint Mobile
Storage
32GB
Network
T-Mobile
Condition
NEW
Price
$11/mo*
0% APR for 12 mths
See DealFull price: $129
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The Motorola Moto E has 32GB storage capacity. It includes a 6.2 inches screen and 13 MP, 2 MP camera. This new Moto E is available from Mint Mobile with T-Mobile network coverage and prices starting from $11/mo.

Best Deals
Device32GB
Motorola Moto E Unlocked$11/mo

Motorola Moto G Power

* $50 Off with 12 Month Plan
Motorola Moto G Power
Retailer
Mint Mobile
Storage
32GB
Network
T-Mobile
Condition
NEW
Price
$12/mo*
0% APR for 12 mths
See DealFull price: $149
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The Motorola Moto G Power has 32GB storage capacity. It includes a 6.4 inches screen and 16 MP camera. This new Moto G Power is available from Mint Mobile with T-Mobile network coverage and prices starting from $12/mo.

Best Deals
Device32GB128GB64GB
Motorola Moto G Power Unlocked$12/mo$23/mo$189

Best Nokia phones


Phones under $500 benefits

Offering the best phones under $500, there are a number of great benefits to buying a phone with an MVNO.

  • Save money: Low-cost carriers offer the best budget phones while saving you up to $600 per year, per line.
  • Latest cell phones: Offering the same phones as the big three, but without the three-year contract.
  • Cheap monthly payments: Many low-cost carriers offer affordable interest-free payment plans on their phones along with cell phone plans starting from only $10 a month.
  • Unlimited data plan: There's still the option of unlimited data phone plans, however unlimited doesn't always mean unlimited, so be sure to check the small print.
  • 5G compatible: If you want access to the fast 5G network, there is a selection of budget 5G phones to choose from.
  • Phones for seniors: Choose from a range of budget phones suitable for seniors, under $500.
  • Phones for kids: Low-cost carriers offer a variety of phones under $500 suitable for kids, and for even more savings they offer the best family phone plans with multi-line discounts.

Best refurbished phones under $500

Samsung Galaxy S10e
Retailer
Back Market
Storage
128GB
Network
AT&T
Condition
REFURBISHED
Price
$120
MSRP: $749
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The Samsung Galaxy S10e has 128GB storage capacity. It includes a 5.8 inches screen and 16 MP camera. This refurbished Galaxy S10e is available from Back Market with AT&T network coverage and prices starting from $120.


Best cheap cell phone plans

CarrierDataNetworkPrice
Tello 1GB plan1GBT-Mobile$10/mo
Twigby 4GB plan4GBVerizon$10/mo** $10 Off for 3 Months
Lycamobile 12GB plan12GBT-Mobile$5/mo** Only $5 for First 3 Months
US Mobile 15GB plan15GBVerizon & T-Mobile$20/mo* FREE 10-Day Trial
Mint Mobile Unlimited planUnltdT-Mobile$30/mo

Phones under $500 FAQs

What's a good phone for around $500?

With a budget of $500, you'll find a great selection of smartphones including 5G compatible phones. Some of the top-rated phones for under $500 are the Apple iPhone 11, iPhone SE, Google Pixel 5a 5G, and the Samsung Galaxy A52 5G.

What is the best low budget smartphone?

Deciding on the best affordable smartphone will be different for everyone depending on the features you're looking for and your budget. Luckily there's a great selection of low-cost phones available including the Samsung Galaxy A12, and the iPhone SE and for even more discounts there are plenty of options available with refurbished phones.


Recap

Whether looking for the latest iPhone or a cheap cell phone, Mobile Virtual Network Operators can save you hundreds of dollars a year.

MVNOs, like Red Pocket or Mint Mobile, offer phones with cheap plans, often with interest-free payments over 12-24 months.

Although the major networks offer to finance over 36 months, being tied into their over-priced unlimited data plans for 3 years could mean wasting as much as $2,000!

Compare deals from low-cost carriers to find the best phones under $500 at the cheapest price.

Rob Webber
Rob Webber

Rob has 15+ years experience in the US and UK running price comparison sites for cell phone plans, smartphone deals, TV, and internet. He loves thinking outside of the box to build tools that empower consumers to make more informed decisions.