The 5 Best Cameras Under $500 - Spring 2024 Reviews

A budget of under $500 won't get you too far in today's camera market unless you decide to buy used, but it will get you a Canon EOS Rebel T7 / EOS 2000D. This simple DSLR from 2018 is the best camera you can buy brand new for under $500. Part of Canon's entry-level Rebel lineup, the T7 is a good option for beginner photographers thanks to its simple design and intuitive menu system. While it has a more rudimentary autofocus system than mirrorless alternatives like the Canon EOS R100 below, this camera is built around a high-resolution APS-C sensor that can capture high-quality images.

At this price point, you can naturally expect a cheaper, more plasticky build quality compared to pricier models like the Canon EOS Rebel T8i, and you won't get features like 4k video capability or an articulated screen. For the money, however, the T7 is a great starter camera. There's also a wide stable of compatible EF and EF-S lenses to choose from if you outgrow the kit lens or want to try different photography styles. If you're willing to stretch your budget, you can also see our recommendations for the best cameras under $1,000.

If you're set on a mirrorless camera, the Canon EOS R100 is one of the few new options worth considering at this price point. While it's pretty bare-bones compared to more expensive models, with a fixed screen that lacks touch functionality and limited 4k video capabilities, this is one of the rare modern mirrorless cameras that's actually accessible to budget consumers. With a solid 24-megapixel sensor at its core and a simple user interface with plenty of auto-shooting modes, this is a solid starter camera for the money. Since it's part of the RF-mount system, you can also easily upgrade to a better body down the line if you outgrow it.

If you can stretch your budget, we recommend opting for the Canon EOS R50 or even the older Canon EOS M50 Mark II, which are some of the best mirrorless cameras under $1,000. The R50 is similar to the R100 but has a few added benefits that make a difference, like a better autofocus system, a fully articulated screen, and better video specs. Though Canon is no longer developing the M mount, the M50 Mark II is similar to the R50 and could be a good option if you're not fussed about lens options. Having said that, if you're on a tight $500 budget, the R100 will still get you good image quality, an easy-to-use interface, and, most importantly, get you out there shooting.

If you've never used a camera, the best option under $500 is the Nikon D3500. Though it's discontinued now, you can find this model and older models in the D3000 series for under $500 if you buy used. The D3500 is a fantastic choice for beginners thanks to its dedicated 'Guide' shooting mode, which walks novice users through the basics of photography so they can learn as they go.

That aside, the camera also has a very solid sensor for its class, so you'll get sharp photos with pleasing colors and plenty of detail. A wide range of compatible DX and FX lenses are available for this camera, making it easy to expand your kit as your skills grow. That said, this is a simple camera without a lot of the features found on newer models. For instance, if you want to dabble in 4k video recording, you're better off getting an alternative like the Canon EOS Rebel SL3, although it lacks Nikon's interactive Guide Mode.

Vloggers looking to upgrade from their smartphones without breaking the bank can check out the DJI Pocket 2. This unique pocket camera has a built-in three-axis stabilized gimbal, making capturing buttery smooth handheld footage incredibly easy. Its 1/1.7-inch sensor is larger than most smartphone or pocket camera sensors, resulting in solid overall video quality and improved low-light performance compared to the original DJI Osmo Pocket.

While it doesn't have as many frame rate options as similarly portable action cameras like the GoPro HERO10 Black, it can still record 4k video at up to 60 fps and even has a slow-motion recording mode that can record at up to 240 fps in 1080p. Throw in an active tracking feature that automatically follows subjects as they move around, and you've got a great little vlogging tool for those on a budget.

An all-in-one bridge camera can be a great cost-effective alternative for those who want a DSLR-like shooting experience without the complexity and added cost of additional lenses. The Panasonic LUMIX FZ80 is one of the best bang-for-your-buck superzoom cameras you can get. While its build quality leaves much to be desired, the camera is still fairly comfortable to shoot with. It also includes a wide array of extra features, including a '4k PHOTO' mode that lets you pull stills out of 30 fps video clips and creative shooting modes for macro and nighttime photography.

That said, the big selling point of this camera is its built-in lens, which has a very long zoom range that lets you shoot everything from close-ups to landscapes to far-off subjects like birds and wildlife. Just be aware that its small sensor means you won't get the same level of image quality as the cameras mentioned above. Still, this is a great choice if you need a cheap zoom camera for casual sports or family photography.