Top 5 Cameras Under 500: Best Budget Buys Now

Do you dream of taking amazing photos but think great cameras cost a fortune? Many people believe that to capture stunning images, you must spend hundreds, even thousands, of dollars. This used to be true, but today, the market is packed with fantastic cameras that cost less than $500.

Finding the perfect budget camera can feel like a huge challenge. You see so many models with confusing features. Will a cheap camera take blurry pictures? Will the battery die too fast? We understand that spending your hard-earned money on something that doesn’t perform well is frustrating. You want quality without breaking the bank.

This guide cuts through the noise. We have researched the best cameras you can buy right now for under $500. You will learn exactly which features matter most and which budget models deliver professional-looking results. Get ready to discover your next favorite camera!

Top Camera Under 500 Recommendations

No. 1
Canon PowerShot ELPH 360 Digital Camera w/ 12x Optical Zoom and Image Stabilization - Wi-Fi & NFC...
  • 12x Optical Zoom with Optical Image Stabilizer helps you capture images with flexibility and ease
  • Built-in Wi-Fi and NFC allows for easy sharing and transferring of images and videos. Large 3.0-inch LCD enables easy viewing even from a wide angle.Max Resolution:5184 x 3888
  • 1080p HD video capabilities, 20.2 Megapixel CMOS sensor combines with the DIGIC 4+ Image Processor to help deliver stunning image quality even in low light
  • Hi-Speed USB (Mini-B), HDMI (Type D), direct connection to Canon SELPHY, PIXMA Photo Printers & PictBridge compatible printers, design rule for Camera File system (DCF) compliant, DPOF (Version 1.1) compatible
No. 2
Canon PowerShot ELPH 500 HS 12.1 MP CMOS Digital Camera with Full HD Video and Ultra Wide Angle Lens...
  • Canon's HS SYSTEM with a 12.1 MP CMOS and DIGIC 4 Image Processor improves shooting in low-light situations without the need for a flash
  • Full 1080p HD Video for exceptional quality with stereo sound, plus a dedicated movie button for easy access
  • A large 3.2-inch touch panel LCD offers easy and intuitive operation
  • A bright f/2.0, 24mm ultra Wide-Angle lens, great for shooting portrait photography in low light conditions or
SaleNo. 3
4K Underwater Camera, 64MP 16FT Waterproof Digital Camera with 32GB Card, Autofocus Floatable...
  • 【UHD 4K 64MP Underwater Camera】The 4K video waterproof camera boasts a powerful CMOS sensor that delivers professional-grade 4K video recording, providing crisp and vibrant footage that captures the fast-paced fun and stunning scenery. Experience the power of 64 megapixels. Perfect for printing large-scale photographs or cropping without losing quality. Perfect for hiking, climbing, biking, skateboarding, snowboarding, skiing, skydiving, hunting, and other outdoor underwater adventures.
  • 【IP68 & 16FT Floatable Cameras】This underwater camera has a maximum waterproof depth of up to 16 FT. Unlike ordinary digital cameras, this underwater camera can withstand vibrations, drops, and collisions due to its sturdy construction. Whether you are a long-distance swimmer or want to capture some wonderful moments on the lake surface, this camera can provide you with the best underwater videos. If your snorkeling camera slips from your hand, the buoyancy design will ensure that the camera automatically floats up in case of accidental dropping, making it easier to retrieve and adding safety to underwater shooting.
  • 【Autofocus Underwater Camera with IPS HD Screen】For the purposes of underwater photography, autofocus is the go-to way your waterproof camera will determine proper focus. Snorkling camera shooters can pre-focus by pressing the shutter halfway down, and then releasing the shutter at the right moment. Features an IPS screen, which not only displays colors more accurately and vividly but also maintains clear visibility even in bright light, making it suitable for outdoor and underwater use.
  • 【Long-Lasting Battery & 32GB Card】This portable 4K underwater camera features a removable 650mAh battery that provides over 70 minutes of continuous shooting. Included is a 32GB memory card (expandable up to 256GB), allowing you to capture approximately 3000 photos or up to 120 minutes of video. Weighing just 0.29 pounds and measuring 3.9 x 2.5 x 1.2 inches, this compact waterproof camera easily fits in the palm of your hand, making it perfect for on-the-go adventures.
SaleNo. 4
AKASO Brave 4 Action Camera 4K 30fps with 64GB MicroSD U3 Card Bicycle Helmet Accessories Kit...
  • 4K30fps Video & 20MP Photo: Capture every detail of life’s most beautiful moments with video resolutions from 4K 30fps to 1080P 60fps and 20MP photos so you can relive them anytime, anywhere. Start recording the wonders of your life.
  • 170° Adjustable View Angle and Image Stabilization: With four customizable viewing angles of 170°, 140°, 110°, and 70°, capture the perfect perspective for any situation. Built-in smart gyroscope technology ensures shock-resistant and stable shooting, leading to incredibly smooth, professional-looking footage that stands out from the competition.
  • Sport Camera with Wifi and HDMI: This action camera comes equipped with both Wi-Fi and HDMI capabilities, allowing you to quickly and effortlessly share and edit videos with the free app. Simply download the app on your phone or tablet and connect with the camera. With a Wi-Fi signal range of up to 10 meters and an HDMI port for TV connectivity, you can easily share your exciting experiences with friends and family in high quality and on a bigger screen.
  • 131FT Waterproof Camera and Dual Screen: Place your action camera into the waterproof case and securely fasten it, then you can dive below 40 meters. This underwater camera is ideal for water sports such as swimming, surfing, diving, etc. Equipped with a 2“ rear screen and 0.96” front screen, you can effortlessly shoot in various scenarios, ensuring you get the perfect shot every time.
No. 5
4K Underwater Camera 64MP Autofocus 16FT Waterproof Camera Dual-Screen Selfie 16X Underwater Camera...
  • 【4K 30FPS Waterproof Camera】The max 4K 30FPS video resolution provides more detail and clarity. It makes images look more lifelike and detailed, resulting in better color performance in captured video. 4K resolution typically has more vibrant color performance, which makes your captured video look more vivid.
  • 【Autofocus 64MP Camera】This compact camera with 64MP image resolution, it can capture every moment with crisp detail and unparalleled clarity. camera has an autofocus function, half press the shutter to achieve focus, and the focus frame on the screen turns green, then fully press the shutter to take beautiful photos, beginners can also be handy.
  • 【Selfie Dual-Screen Design】This waterproof digital camera comes with front 2.8’’ and a rear 1.8’’ IPS screen, you can take pictures with all your partners in the same frame. It is also very light, portable, and easy to use. Perfect for kids at family gatherings, water parks, and vacations.The camera built-in 2s, 5s, 10s self-timer, you can never miss any shot of your wonderful life.
  • 【16FT Underwater Camera】This camera can be submerged 16 feet underwater without a waterproof case. Before staying underwater, please be careful to ensure that the battery door is locked to waterproof into the camera, you can take it to diving, swimming, snorkeling and other activities. To take it and you will not miss any scenery you want to record.
SaleNo. 6
Waterproof Digital Camera with 32GB Card HD 1080P 36MP Underwater Digital Camera for Kids Teens...
  • 💝【Waterproof Digital Camera】Rawiemy compact digital camera can shooting HD1080P video and 36MP image resolution,helping you capture and record the most exciting memorable moments with high-quality images or videos, It equipped with 2.8 Inch IPS LCD screen,8X digital zoom, rechargeable battery and 32G SD card. Great for travelling,family party,studying.
  • 💝【16.5FT(5m)Underwater Camera】This kids camera is designed with waterproof, you can dive up to 16.5feet(5m) in underwater world. Not worry about damage by the child dropping it into water. It is ideal for water sports, including swimming, drifting, surfing, snorkeling etc. Perfect gift for kids/beginners/students/seniors record their lovely moments.
  • 💝【Multifuctional Digital Camera】This digital video camera supports 8x digital zoom, You can zoom in or zoom out the subject by pressing the W/T button. The pause function allows you to pause when record or playback videos. And the built-in fill light helps you to take quality pictures in the dark. This portable digital camera also featured with Panorama /Face Detect /Smile capture /Continuous Shooting /Anti-Shaking /ISO brightness /Self-timer /TV output / USB 2.0 ect.
  • 💝【32G TF Card & Webcam】This vlogging camera equipped with video mode and a built-in microphone, you can record more stable and smooth videos. This rechargeable digital camera for teens can also be used as a webcam, so you can make video calls or live stream and share your life on social media. The small camera included USB cable and 32GB TF Card(include) support the transfer of photos and videos from the camera to your computer for timely photo collection and storage.
SaleNo. 7
Minolta 48MP Underwater Digital Camera – 5K Ultra HD Video, Autofocus, 16x Digital Zoom, Dual LCD...
  • WATERPROOF DESIGN FOR ADVENTURE: Fully waterproof up to 13ft (4m), this camera is ready for underwater exploration, pool fun, or rainy days. Compact, rugged, and dust-resistant—perfect for beach trips, hikes, or on-the-go action shots.
  • DUAL LCD SCREENS & AUTOFOCUS: Includes a 2.8” rear screen for framing and a 1.7” front selfie screen for vlogging. Autofocus ensures your shots stay clear and sharp. Great for selfies, group shots, and fast-paced content creation.
  • 5K ULTRA HD VIDEO & 48MP PHOTOS: Capture adventures in stunning 5K Ultra HD video and crisp 48MP still images. Ideal for travel, snorkeling, or vlogging—preserve every detail in vibrant color and sharp clarity, even in challenging conditions.
  • 16X DIGITAL ZOOM & SMART FEATURES: Zoom in with 16x digital zoom to get closer to the moment. Use time lapse or slow-motion modes to add cinematic effects to your shots. Automatic exposure control makes shooting easy in any setting.
No. 8
Canon PowerShot ELPH 500 HS 12.1 MP CMOS Digital Camera with Full HD Video and Ultra Wide Angle Lens...
  • 12.1 effective megapixels, 1/2.3-inch high-sensitivity CMOS; 4.4x optical zoom and 4x digital zoom; Aperture and Shutter priority modes
  • 3.2 in. touch panel Pure Color LCD display with wide angle viewing; Built-in flash; Full 1080p HD video with stereo sound
  • Optical Image Stabilizer; DIGIC 4 Image Processor; High-speed Burst Mode; Super Slow Motion
  • Smart AUTO (32 scenes); Movie Digest Mode; Toy Camera Effect; Monochrome; Face Detection; Red-eye Correction

The Ultimate Buying Guide: Capturing Memories Under $500

Finding a great camera without spending a fortune is totally possible! This guide helps you pick the best camera when your budget is under $500. We look at what matters most so you get a camera that fits your needs.

Key Features to Look For

Even budget cameras have exciting features. Focus on these when shopping:

Sensor Size Matters

  • Larger Sensor (Better Quality): Look for a 1-inch sensor if you can find it. Bigger sensors grab more light. This means your photos look clearer, especially when it gets dark.
  • Smaller Sensor (Typical for Compacts): Most cameras in this price range use smaller sensors. They work great outdoors in bright sunlight.

Zoom Power

  • Optical Zoom: This is the real zoom. A 5x or 10x optical zoom lets you get closer to the action without losing picture quality. Always choose optical zoom over digital zoom.
  • Digital Zoom: This just stretches the picture. Avoid relying on it.

Video Capabilities

Do you want to shoot videos? Check the resolution. 1080p (Full HD) is standard and looks good. Some newer models might offer 4K video, but often at a lower frame rate in this price range.

Connectivity

Wi-Fi and Bluetooth let you send photos straight to your phone quickly. This is a huge time-saver!

Important Materials and Build Quality

The materials affect how long your camera lasts and how it feels.

Body Construction

  • Plastic Bodies: Most cameras under $500 use durable plastic. This keeps the camera light for travel.
  • Metal Components: Check if the lens mount or tripod socket uses metal. Metal parts make the camera stronger.

Weather Sealing (Less Common)

Few budget cameras offer full weather sealing. If you plan to shoot in light rain or dusty areas, look for descriptions mentioning “dust resistance.”

Factors That Improve or Reduce Quality

A camera’s performance depends on its parts working well together.

Image Stabilization (Crucial!)

This feature keeps your pictures sharp, especially when zooming in or shooting in low light. Look for Optical Image Stabilization (OIS). It dramatically reduces blurry photos.

Shutter Speed Control

A faster maximum shutter speed (like 1/2000th of a second) helps you freeze fast action, like sports or running pets. Slow speeds are only useful for blurring water or night scenes.

Screen Quality

A good LCD screen helps you frame shots better. A tilting or fully articulating screen improves the user experience when shooting from high or low angles.

User Experience and Use Cases

Think about *how* you will use the camera. This guides your choice.

For Casual Family Photos and Travel

You need a lightweight camera with a good zoom range. Ease of use is key. Point-and-shoot models often excel here.

For Aspiring Vloggers/Content Creators

Look for a flip-out screen so you can see yourself. Good autofocus (AF) performance is necessary so your face stays sharp in the video.

For Beginners Learning Photography

A mirrorless camera (if you find an older model discounted under $500) is ideal. These often let you change lenses later, offering room to grow. Manual controls should be easy to access.


10 Frequently Asked Questions (FAQ) About Cameras Under $500

Q: Can I get a camera with interchangeable lenses for under $500?

A: It is tough but possible. You usually find older, entry-level mirrorless camera bodies on sale, or you buy one bundled with a basic kit lens.

Q: Is a used camera a better deal in this price range?

A: Often, yes. A slightly used, higher-quality camera from last year beats a brand-new, very basic model. Check seller reviews carefully.

Q: What is the main difference between a point-and-shoot and a budget mirrorless camera?

A: Point-and-shoots are smaller and simpler. Mirrorless cameras usually have better sensors and allow you to swap lenses for different types of photography.

Q: How much storage (SD card) should I buy?

A: Get at least a 32GB SD card. If you shoot a lot of high-quality video, a 64GB or 128GB card is recommended.

Q: Do these cameras take good pictures in my living room at night?

A: They struggle more than expensive cameras. Look for models with good ISO performance (aim for ISO 1600 or higher capability) and vibration reduction.

Q: What does “autofocus speed” mean for a budget camera?

A: It means how fast the camera locks onto your subject. Slower AF can lead to missed shots, especially with moving kids or pets.

Q: Should I worry about megapixels (MP)?

A: Not too much. Most modern cameras have enough MPs (16MP or more). Sensor size and lens quality affect the final image more than a high MP count.

Q: What is the best battery life I can expect?

A: For most compacts, expect around 250 to 350 shots per charge. Always carry a spare battery if you are traveling all day.

Q: Are the screens on these cameras easy to see outside in the sun?

A: They can be hard to see. If you shoot outdoors often, look for a model with a built-in electronic viewfinder (EVF) as a backup to the screen.

Q: What essential accessory should I buy besides the camera?

A: A protective camera bag and an extra battery are the most important additions to your purchase.