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The 9 Best Electric Bikes Under $1,000: Electric Assistance on a Budget

By Sam Millers   /  Last updated - December 29, 2023   /  Best-Of-Reviews, Electric Bikes, Reviews, Under $1000

Electric bikes have enjoyed a massive surge of interest lately as an increasing number of commuters turn to cheaper, more efficient means of travel. However, the addition of a motor, battery and all the necessary electrical parts has pushed the price up, making e-bikes considerably more expensive than traditional bikes.

electric bike brands

Top Electric Bike Specific Brands

Don’t be disheartened though, as several manufacturers are now attempting to make e-bikes more affordable by using cheaper parts and materials. Although this brings down the overall quality of the bikes, you can still find some decent offerings for under $1,000. They may not have the same speed or range as the expensive models, but most suffice for short trips and recreational usage.

Why You Should Get an E-Bike

The added pedal power that an e-bike provides opens up the market to a huge part of the population that would otherwise never cycle. Many simply aren’t fit enough, while others don’t want to arrive at work sweaty from a long cycle. With an electric-powered bike, you can glide to work almost effortlessly and arrive sweat-free and ready to go.

Even experienced cyclists have found that e-bikes help to minimize muscle fatigue and joint strain, reducing the risk of injury later in life. No matter what your fitness or skill level, everyone can benefit from the convenience of an e-bike.

Note: Due to recent global spikes of bicycle prices, e-bikes that used to cost under $1,000 now cost slightly over $1,000. However, most of them still provide great value for the money.

The 9 Best Electric Bicycles Under $1,000

1. RIDE1UP Roadster V2

Belt-drive – silent, clean, and maintenance-free

ride1up Roadster v2 ebike

ride1up raodster ebikes

MSRP: $1,095

The Roadster V2 is well equipped for a thousand-dollar mark. There’s a 350W pedal-assist motor that helps to speed up the bike to 24mp/h and provides a whopping range of 20-35miles! At only 33lbs, it really is fast even with the (pedal-assisted) single-speed drivetrain. Not to forget one of the best-selling points – the clean, silent, and maintenance-free drivetrain! Belt-drive bikes are known for their longevity, silence, and of course the maintenance-free belt itself!

  • Motor: 350W
  • Battery: 36V 7Ah – 252Wh
  • 700x32c tires
  • Class 3 eBike
  • Weight: 33lbs

>>>Related: Ride1UP Roadster Full Review

The only downside to the bike is probably the V-brakes, but hey, brakes are the death to speed anyway, so good luck with choosing the color and size of this bike! Read more about the Ride1Up brand to get a better view of their motto and bikes range of 6 models.

The GOOD: Lightweight, affordable, available in different designs, belt-drive, fast wheels, awesome looks.

The BAD: Weak motor & battery

The SUM: Ride1UP is definitely a good new eBike brand to consider when looking for high-value electric bikes.

Max Weight Capacity: 275lb

Get It from Ride1UP.com

2. Schwinn – Marshall

Best electric hybrid bike

schwinn marshall hybrid e-bike

Who would’ve thought that you can get an e-Hybrid from a brand name at such a low price tag?

Electric hybrid bikes seem to gain popularity again, and the price tag for mid-range models has dropped to three digits in the past few years. What we have here is a super cheap bike from a popular manufacturer! Let’s take a look and see what to expect:

  • 27.5″ wheels
  • 7-Speed drivetrain
  • Mechanical Disc Brakes
  • Alloy wheels
  • 250W hub motor
  • Max speed: 20mp/h – Class 1 Pedal-assist
  • Battery:  288Wh

To conclude, this is a super basic mountain bike that we’d really recommend for light commutes on slightly uneven terrains. V-brakes and bottom-line components are not as suitable for any trail riding, but they can be suitable for someone who is on a low budget and looking to get a cheap electric bike.

Fits riders 68″ – 74″

Get from Amazon


Foldable fat-tire eBike

lectric ebike

MSRP: $1,099 $999
Lectric Bikes

A tiny city-hopper with a fat-bike attitude, this folding electric bike from Lectric is both a stylish and functional machine. The geared hub motor pumps out a huge 850W of power at its peak and will go for 45 miles (72km) on a single charge of the 48v removable battery.

The fat 20×3″ CST tires are great for tackling rough city streets or dirt paths, and the Tektro disc brakes won’t let you down. The Lectric XP includes a rear rack, fenders, lights, and charger so you’re ready to go straight out the box.

folding electric bike comparison

XP 2.0 vs EP 2 Pro vs RadMini

  • 500W
    (850W peak)
  • Range: Up to 45mi
  • Folded dimensions: 37″ x 18″ x 27″
  • Two frame types – for men and women
  • Rear rack, fenders, kickstand
  • Mechanical disc brakes
  • Total weight: 64lbs

>>> Related: Lectric XP 2.0 Full Review

Frame Size Recommendations
Standard – 5’4″ – 6’2″
Step-thru – 5’2″ – 6’2″

Buy from Lectricebikes.com

4. Buzz Bikes Charter F

buzz bicycles charter f ebike

rad power bikes radmission

MSRP: $999
Buzz Bicycles

Buzz Bicycles is a lesser-known name in the electric bike market, which produces cheap e-bikes for everyday use. The Charter F is a convenient folding urban e-bike that makes city living convenient. 

  • 250W motor
  • 36V battery 
  • 7-speed
  • V-brakes
  • Weight: 35lbs

The Charter F is an electric folding bike that can be used for other any urban riding. Although it is the cheapest bike in their range and is equipped with a 250-watt motor and a 36V battery that returns 40 miles of range.

Other notable features include 1.75″ tires for grip and comfort and a 7-speed drivetrain to help you maximize your battery’s range.  

There’s literally nothing to add or remove from the bike to make it more suited to its price range, even though Buzz offers quite a selection of accessories on their bikes.

Buy from Buzzbicycles.com

5. ENGWE T14

engwe t14 ebike

MSRP: $499

If you are looking for a cheap folding electric bicycle to use for everyday commutes, RV camping trips, etc. The Engwe T14 is a great all-around choice.

This bike has a 480Wh battery with up to 50+ miles of range to power the 350W motor. The T14 also uses a single-speed drivetrain.

 Finally, this folding bike has a rear rack and fenders which make any commute more convenient.

  • 350W high-speed brushless gear motor.
  • Max speed: 20mph
  • 480Wh battery
  • Range: 50+mi (pedal-assist)
  • Charge time: 6-8 hours
  • Max capacity: 220 lbs

The GOOD: Cheap and packs a punch.

The BAD: Very heavy and unpractical out of urban environments.

The SUM: Solid affordable e-bike for commuter use.

Buy from Engwe-bikes.com

6. ANCHEER 12″ / 500W Folding Electric Bike

Score 4.4/5 out of 167+ ratings

ancheer 500W mini electric folding bike

MSRP: Check on Amazon

The Ancheer 500W folding electric scooter is a miniature eBike with a mid-size motor that can provide 20mph speeds for a range of  18-20 miles. This eBike doesn’t have any pedals or drivetrain and runs purely off the motor which is controlled via a smartphone app.

It has a tiny frame and wheels with a handlebar that folds down to resemble a giraffe with a broken neck. Although very compact and convenient, the design quality is low and you’re likely to run into some problems with heavy use. For a fun weekend bike, it may be sufficient, but it’s unlikely to fulfill the needs of a daily work commute.

  • 500W Hub-motor
  • Range: 20mi
  • Speed: 20mp/h
  • Charge time: 3hours
  • Max capacity: 265lbs
  • Disc brakes, kickstand
  • Extremely portable, fold-in handlebar

Max weight capacity: 265lbs

Buy on Amazon

7. SWAGTRON 14″ 250W Swagcycle EB5

under $500 foldable electric bike

This folding ebike from Swagtron uses a common straight-bar folding aluminum frame on two 20″ wheels. It’s a tiny, lightweight vehicle that doesn’t feel particularly strong but will get you from A to B. However, the gear range is not great so when the battery runs out, pedaling becomes difficult.

Best electric bike under $500

It features a small motor and battery like those typically found on low-cost ebikes. The motor can reach speeds of 15mph (24kph) and the battery will last about 15.5 miles (25km) on one charge. To go further, you can buy an extra battery to carry on you and swap it out during your trip.

  • 250W Motor
  • 14″ wheels
  • Range: Up to 15miles
  • Max Speed: 15mph
  • V-brakes
  • Fully foldable!

Fits riders 4’10” – 5’10”

Buy on Amazon

8. ANCHEER – 27.5” Electric Mountain Bike

under $1,000 electric mountain bike

This Ancheer electric hybrid bike includes a front suspension and thick 27.5″ treaded tires so you can take it off-road along dirt or gravel tracks. The large capacity battery will take you on average 30 miles (48km) on a single charge and the 350W motor can reach speeds of 20mph (32kph).

The 24-speed drivetrain makes cycling uphills easy, even if the battery dies! Plus, you get mechanical disc brakes for excellent stopping power in any weather conditions. The removable 36V Li-Ion battery takes about 6 hours to charge and you get an LCD display meter with speed and battery time.

  • 350W
  • Max speed: 20mp/h
  • Range: Up to 25mi
  • 27.5″ Wheels
  • Disc brakes
  • Weight: 53lbs
  • 24-speed

Recommended for riders 5’1″ – 6’4″

Get from Amazon

9. Lectric – XP Lite

Best electric city bike under $1,000

lectric xp lite

MSRP: $899

This attractive folding bike is great for city commutes, shopping, or visiting friends. The Lectric XP Lite is the most affordable model on their range and is compatible with various accessories for commuting or off-road riding. 

The upright seating position means you’ll be comfortable throughout the day, and the 300Wh pedal-assist motor will take you up to 40 miles on a single charge of the 365Wh Li-Ion battery. 

160mm rotor mechanical disc brakes and 2.6/2.4″ tires on 20″ wheel give the XP Lite mixed-terrain capability. Finally, this bike comes with integrated LED lights on the front and back. 

  • 300W
  • Mileage: Up to 40mi
  • Charge time: 4-6h
  • Max speed: 20mph
  • Wheel Size: 20″
  • Single-speed
  • Mechanical disc brakes
  • Weight: 46lbs

Max weight capacity: 275lb

Get from LectricEbikes.com


Do We Recommend Electric Bikes Under $1,000?

Yes, you might just get lucky with an electric bike from Amazon, but that comes with a price!

Buying an electric bike in 2024 is not an easy task, especially when you don’t have too much experience in cycling. It might seem too tempting to order a bike solely based on the price or reviews, but something that you should also know is that adding that extra $500 can save you a bunch in the long run.

In short: We recommend bikes from well-known brands, which tend to start at the $1,300 mark, if that’s possible for you. Otherwise, one of the cheaper models will get the job done for recreational riding.

Getting a bicycle is a long-term investment, especially when we are talking about electric bikes – which ‘age’ quicker than your normal bicycles.

$2,000 vs $1,000 electric bike – What is the difference?

It’s very hard to find a decent electric bike for under $1,000, so when buying one you need to be more careful and accept that you may run into some issues. When compared to an electric bike that costs $2,000, you will quickly notice the difference in quality.

A $2,000 electric bike will include name-brand parts that have a proven history of reliability. The batteries on these bikes will usually last several years before needing replacement, and you will seldom have trouble with the motor or controller.

An electric bike under $1,000 will usually have no-name brand Chinese components, which will work well in most cases. However, customers sometimes cite issues with batteries dying after a few months and problems with the cheap display units breaking. Sometimes, the manufacturer rectifies these issues, but occasionally, the warranty doesn’t cover them and it leaves you forking out your own cash for replacements.

If you can afford to spend more, most people would advise a bike closer to the $2,000 price range. However, even with some part replacements, you could still end up with a decent, working eBike for around $1,000.

About the Author

Sam Millers

Sam Millers is the guy behind Bikexchange.com. From the early days of three wheels to conquering challenging mountain trails, Sam's love for cycling knows no bounds. With a background in web development, Sam seamlessly combined two of his greatest passions – cycling and technology. As the creative force behind Bikexchange.com, he shares insightful stories, expert tips, and engaging content for fellow cycling enthusiasts. When he's not exploring new biking routes or tweaking website codes, Alex enjoys sipping on a post-ride espresso and planning his next cycling adventure. 

6 thoughts on “The 9 Best Electric Bikes Under $1,000: Electric Assistance on a Budget

  1. Eric Staton says:

    how about SWAGTRON 14″ 250W Swagcycle EB5 is it worth to buy when you have a budget of around 1000$ to buy an electric bike or you will suggest to go with another bike ?

    1. Sam Millers says:

      Hey Eric,
      The Swagtron is a decent choice for the money. I recommend either that or Lectric XP 2.0, depending on your budget.

  2. rudiger says:

    While I wouldn’t get a Walmart Hyper eRide MTB (250w just doesn’t cut it for inclines) , the City commuter version that comes with full fenders, a rear rack, and 700c tires is quite okay when on sale for $398. That’s as good as it’s currently going to get for a serviceable, entry-level ebike.

  3. Janet Lake says:

    Only two of these bikes have more than 350w. Will the others even make it up a hill with a rider weighing more than 200lbs?

    1. Sam Millers says:


      I currently ride a 250W hub motor city eBike (45Nm of torque), I weigh 190lbs and it still climbs some descend climbs with some extra leg-work on the lowest gears. The thing is that 250W has a peak power of 570W.

  4. Shirley Carrillo says:

    This is very informative and useful you share. Thank you very much.

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