![]() ![]() ![]() If you’re looking for the best electric guitar under $500, we'd highly recommend the PRS SE Standard 24, as there’s a lot to be said for just how much ground one PRS guitar can cover. Best cheap electric guitars under $500: Our top picks If you'd rather get to the products, keep scrolling. We've included some expert buying advice at the bottom of this guide, so if you'd like to read it, click the 'buying advice' tab above. If this doesn’t reassure you that the best cheap electric guitars under $500 are worth their salt, then we’re not sure what else to say! Some guitarists even prefer to use cheaper, more accessible models over their Custom Shop guitars at times - most notably Simon Neil headlining Glastonbury playing his signature Classic Vibe Strat, and Mike Rutherford of Genesis playing arenas with a $200 Squier Bullet. On YouTube, blind tests have left industry experts scratching their heads over what exactly they are hearing: premium or budget electric. ![]() In fact, that clear divide between flagship, often American-made electric guitars and these more budget-friendly electrics has become even more blurred. You can expect solid, durable guitars that are built to a high standard and sound great.
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