Best phones of 2024: Top picks under $500

Budget phones have come long way, offering impressive features at a fraction of cost
An undated image of a person testing smartphones. — Canva
An undated image of a person testing smartphones. — Canva

If you're upgrading your smartphone, consider these affordable options that pack a punch at a very affordable price. Budget phones have come a long way, offering impressive features at a fraction of the cost of flagship devices.

Here are some of the best smartphones that offer a sleek design along with innovative features under just $500.

  • Google Pixel 8A
  • OnePlus 12R
  • Lenovo ThinkPhone
  • Apple iPhone SE

Google Pixel 8A

The Google Pixel 8A is a budget-friendly powerhouse with a great camera, smooth display, and a quick pace. It features a large 6.1-inch OLED display with a super-fast 120Hz display refresh rate, a 64MP main camera, and 13MP ultra-wide.

Moreover, it is powered by the Tensor G3 processor, 6GB RAM, and 128GB storage, it's a great choice for those who want a hassle-free Android experience. This phone is available at $499 at Google Store and if you are willing to avail a discount then this smartphone is on sale at Walmart at $450.

OnePlus 12R

The OnePlus 12R offers solid performance, fast charging, and a capable camera at an affordable price. Its 6.7-inch AMOLED display boasts a 120Hz refresh rate, while its 50-megapixel main camera and 8-megapixel front camera handle photography duties.

It offers a Qualcomm Snapdragon 888 processor, 8GB RAM, and 128GB storage. Hence, it is a great option for those who want a premium feel without the premium price tag. You can buy OnePlus 12R from Best Buy at $450.

Read more: Best Google Pixel 9 cases: Out top picks under $70

Lenovo ThinkPhone

The Lenovo ThinkPhone by Motorola is a unique device with incredibly fast charging, easy personal computer (PC) compatibility, and a smooth display. Its 6.6-inch IPS display features a 120Hz refresh rate, while its 50-megapixel main camera and 13-megapixel front camera handle photography duties.

Powered by a Qualcomm Snapdragon 8+ Gen 1 processor, 8GB RAM, and 128GB storage, it's a great choice for business users or those who want a device that can keep up with their busy lifestyles. Lenovo ThinkPhone is being offered at a price of $400.

Apple iPhone SE

The Apple iPhone SE is compact, has a great camera, smooth performance, and timely software updates. It comes with a 4.7-inch LCD, smaller than the rest, and is fitted with a 12-megapixel main camera and a 7-megapixel front camera that still turns in great results.

Powered by an Apple A15 Bionic chip and 3GB RAM, with 64GB storage, this phone would be a great option for those who want a premium iPhone experience at a not-so-premium price tag of only $429.