7 Great Folding Treadmills Under $500

Folding Treadmills for a home gym is more economical than ever before. In this post, I will review the best budget folding treadmills you can get today.

The treadmills on this list cost under $500. They can help you get in shape and stay healthy as a piece of stand-alone cardio equipment, or as an extra piece of fitness equipment for your home gym.

Whether you want to lose weight this year and the next, get fit, or simply improve overall health, check our top picks available today.

While in the past finding a great treadmill for your home gym could cost you over $1,000 for a suitable treadmill that does the job you want, but that is not the case anymore.

If you are a hardcore runner that runs close to 20 miles every day while training for a marathon, these treadmills might not work for you. But if you are looking to improve your cardio, one mile at a time, then these treadmills will work out perfectly.

I understand many of us think of cheap pieces of equipment as things that fall apart in just a few months, but that is not the case with the low-priced treadmills reviewed here.

These treadmills have some advantages over the more expensive treadmills competing for your dollars today. Something to keep in mind with cardio fitness equipment is the more expensive treadmills tend to take up much more space than many of us have in our home gym.

If you are worried about space, the treadmills we will review here are small and compact even when they are open. But, the treadmills listed in this article are folding treadmills, so when they are unused, fold the cardio machine for a smaller footprint in your home.

Running or walking on a treadmill is an extremely popular cardio workout, unless you are running 20 miles every day, or training for a marathon, you don’t need the expensive and fancy treadmills. These folding treadmills are inexpensive and dependable enough to get the job done.

The recommendations below are based on two parts. First, experience and knowledge of cardio equipment based on years of blood sweat, and tears trying to stay in shape after a near-death experience. Second, these are recommendations based on ratings and reviews from people who have used these treadmills for a long time.

folding treadmill
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A Treadmill that costs less than $500?

You don’t have to spend a lot of money on home gym cardio equipment to get a great workout. If you are thinking about a low-budget folding treadmill, here are some reasons why they are just as good as pricier models.

Efficiency – An economical treadmill can burn the same amount of calories and improve your health just as much as a treadmill machine that costs several times more. An important factor to consider when you’re purchasing a low-cost treadmill is to make sure it has the best weight capacity, and motor speed for the cardio exercises you will perform.

Features – When researching the right treadmill for you, check the features of the cardio machine like speed adjustment, adjustable incline, and heart rate monitor that are important for a great treadmill workout. Sure other features are great to have, but if they are not going to burn any more calories, then you don’t need them.

Warranty – If you are going to run marathons daily on a treadmill, then these treadmills might not be the perfect fit for you. But, if you are a beginner or intermediate runner looking for a treadmill machine to help improve your running distance over time, these affordable treadmills should last. Don’t get me wrong, a more expensive treadmill that costs several thousands of dollars will probably last longer, but who has that money to spend nowadays?

Less footprint in your home – As I mentioned above, the more expensive treadmills normally take up more space and weight a lot. If you don’t have much space to give in your home, a less expensive folding treadmill can fit into a spare bedroom or den with ease compared to much larger models. A folding treadmill allows you more space to add some more fitness accessories like free weights and a yoga mat.

Easier to Assemble – The problem with expensive treadmills is they sometimes require an engineering degree to put together, compare to a cheaper-priced folding treadmill. Most lost-cost folding treadmills can be put together in less than 30 minutes. 

Sure when you are buying a cheaper treadmill you can give and take on features, but never compromise on build quality.

Things to Consider When Buying a Treadmill

Before you make a rash decision and buy the first treadmill that stands out for you, you need to consider the following to be comfortable in our folding treadmill purchase. 

Running Surface – Having the proper running deck that is stable and firm is important to those using the treadmill for walking or running. The running deck should also give enough cushion to mitigate knees and hip discomfort. If a running surface (tread belt) is too thin or too short it will make running awkward.

Treadmill Usage – Factor in how many people in your household will be using the treadmill, and the amount of time will be spent on it each week. Plus, factor in the cardio goals you are looking for while using the treadmill. If you’re training for a race, looking to lose weight, increase your walking distance or get into shape, you need to figure out the key reason for the treadmill. 

Space and Storage – Several low-priced treadmills are compact for those limited on space. Plus, it needs to be lightweight to move around if needed.

Reliability and Warranty – Let’s face it, your treadmill over time will take a beating, and it may have to be serviced from time to time. So it’s a good idea to pick a brand name that has been in the market for a while for ease of mind. 

Weight and Motor Size – Research the weight capacity and motor size of the folding treadmill at the start. The key is to make sure the treadmill doesn’t get bogged down if you’re over the weight capacity limit. 

So now that you have a better understanding of what to look for in the right treadmill for your needs, here are the low-cost treadmills you can find today that may be the perfect fit for you.

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Sunny Health & Fitness Folding Treadmill

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The Sunny Health & Fitness Treadmill features 9 built-in workout programs, handrail controls, and a phone/tablet holder that will add comfort and accessibility during any workout routine.

The soft drop system will assist you when opening the treadmill, avoiding a big slam or damage to your wood/carpet floor.

This folding treadmill for running features an LCD screen that tracks your speed, time, distance, pulse, and calories which makes it easier to track your fitness goals.

folding treadmill

Features:

  • Running surface 49L x 15.5W
  • Min Speed 0.5 MPH – Max Speed 9 MPH (With Increments of a tenth of MPH)
  • Product Dimensions: 62L x 25.5W x 50H, Folded Dimensions: 36L X 25.5W X 58H inches
  • Product weight: 103 Lbs
  • Required Power source: 110v (18 amps) (1980 watts)
  • User Weight Capacity: 220 Lb
  • Pause function – Press the stop button once to stop the belt and pause your run while keeping your current data and running stats intact
  • Folded Dimensions: 36L X 25.5W X 58H in

Amazon Review: “Great little treadmill. I did a bunch of research before purchasing this one as I didn’t want to spend a ton of money but I also wanted to be able to run on my treadmill and not have it fall apart.

This one works great and I also double as using it as a walking desk as I work from home and the straight handlebars work perfectly to rest a piece of wood on.

I used an old shelf and attached some webbing to the back so that it doesn’t slide off and it doesn’t move at all at level 4 which is about the fastest pace I can walk before running.

I then got a wireless keyboard and it works awesome! Great way to get exercise but also work at the same time :)”

Related Article: Revolutionize Your Home Gym With ADJUSTABLE DUMBBELLS

ANCHEER Folding Treadmill

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The ANCHEER Folding Treadmill with incline is perfect for homes, rooms, living rooms, and offices with little space. With additional wheels, you can move anywhere lightly and quickly.

Worried about your joints taking a beating while you run? The large 14.04”x 40.95” anti-slip lawn texture running surface, and durable steel frame make up the treadmill‘s shock reduction & noise reduction system which reduces joint impact up to 40% vs running on asphalt.

Plus, if you want to break up your running routines and push your body there are 12 Preset Training Plans & Heart-Rate Sensor to burn calories more effectively. 

These 12 specially programmed running settings, with the help of these preset training plans and heart sensors, help you choose the best plan to suits your need and trace your heart-rate changes to alter different plans.

Also, this compact folding treadmill for small spaces that can fit under a bed, has LCD display w/touch button controlsDisplays run time, distance, speed, calories burned, heart rate w/running data statistics readout. 

It comes with a built-in safety key to ensure instant shut-off under emergencies.

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Features:

  • Motorized Treadmill Motor Power: 1.5HP HP
  • Running Belt / Running Surface Size (L x w): 40.95 x 14.04inch
  • Adjustable Speed: 0.5 – 6.0 MPH
  • Digital Training Modes: 1 – 12 Preset Levels Selectable
  • Maximum Weight Support: Up to 265 lbs.
  • Simple Electric Motorized Plug-in Design
  • Integrated Safety Key, Emergency Power Off
  • Used for Walking, Jogging, Running Exercise Training
  • Perfect for Weight Loss, Cardiovascular Fitness, Endurance & Stamina Building

Amazon Review: “Affordable, lets you jog (faster than other trainer review saying that one didn’t go too fast), folds away, no super spaceship-like dashboard.”

“My husband and I were looking for something that would help me strengthen my leg muscles so there would be less stress on my knees. 

We did our research and when we went to purchase the bike we thought would be perfect for me, our product was sitting right next to it, and it felt more comfortable and easier to for me to operate. 

Best decision we made. It is an awesome piece of equipment, thank you.”

Related Article: ECHELON EX5 SMART BIKE Review: If You Do Not Buy One Now, You Will Hate Yourself Later

MaxKare Folding Treadmill

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MaxKare treadmill equipped with large LCD display and 15 Pre-set programs, easy One-touch operation helps you enjoy the joy of running at home. 

You can monitor real-time data for each exercise, including speed, time, calories, distance, and heart rate.

MaxKare running machine is equipped with a powerful and pure copper motor that can not only bring you a silent running experience but also adjust the running speed from 0.5 to 8.5MPH.

17-inch wide Multi-layer tread belt and world-first whole machine anti-shock system can withstand a maximum weight of 220 pounds

This brings a better running experience and at the same time protects your knees to the maximum to prevent injury during exercise.

Foldable design not only helps you easily assembly the treadmill, but also helps you to Store/Move the treadmill in a small space.

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Features:

  • MaxKare Treadmill is ergonomically designed for people between 4.6ft -6.2ft in height and weighing less than 220 pounds.
  • The built-up size for this treadmill is 53.39” x 26.18” x 45.95”, folding size is 28.47” x 26.18” x 46.42”, weighs about 91LB.
  • The package contains all the necessary accessories and installation tools, and you can complete the treadmill installation in 10-15 minutes.
  • Rubber Tread Belt reduces knee damage and makes running more comfortable.
  • Smooth and quiet high torque 2.5HP motor powers the treadmill at speeds from 0.5 – 8.5mph under a quiet condition.

Amazon Review: “I was so excited to see this machine was standing by the door this morning and couldn’t wait to start the project! 

Actually, as long as you read and follow the instruction carefully, it’s not hard to assemble it.

For me, it took me about an hour because I was stuck at the beginning to figure out which part it is. Basically, it has all the functions I need, walking and running at a different speed.

There are two cup holders on the top and one bottle holder on the side. The best thing I like about this running machine is the LED screen, so I can see it clearly at night!

My mom was worried about it will occupy a lot of space, but actually it doesn’t since it can be folded. I will just fold and leave it at the corner of my room when I don’t need it.

One thing I have to mention is that it is super quiet! I had another one a few years ago, and that one was really loud.

Finally, I had to give it away. I will get more fitness stuff and start to build up my fitness room. This machine is worth the investment and saves me hundreds of dollars for the gym!”

Related Article: 9 Amazing Bowflex Machines To Add To Your Home Gym Today

XTERRA Fitness TR150 Folding Treadmill Black

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The XTERRA Fitness TR150 Treadmill combines the quality and performance you desire with the flexibility of a machine that can be easily folded up and stored away.

Specifically designed for the home environment, the TR150 incorporates numerous thoughtful features that were developed with your performance and comfort in mind.

The console was designed for ease of use while still providing you with all the features you deserve. 

Start on the road to fitness today with the XTERRA TR150 Treadmill and exceed your expectations.

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Features:

  • Quiet 2. 25 HP motor is covered for a full year
  • Large 16″ x 50” walking/running surface
  • Large 5” LCD display is easy to read and keeps you updated on all the necessary information (speed, incline, time, distance, calories and pulse)
  • Speed range 0. 5 -10 mph allows for users of all fitness levels
  • 3 manual incline settings allow for maximum variety
  • 12 preset programs offer unmatched variety for your workouts or just use the manual program
  • Direct access speed buttons allow quick access to speeds from 1mph to 9mph

Amazon Review: “Let me start by saying I don’t normally write reviews, but in this case, I am making an exception for a couple of reasons. First, I must say I was very nervous about buying a product like this online without seeing it in person.

But no issue here. After I took it out of the box I was pleasantly surprised. I am not a “handy” person at all, but the assembly was a breeze…..and no swearing on my part. I was running on the treadmill in less than 30 minutes after receiving it.

Both my wife and I use the treadmill daily and love it!! It is built solid, and the programs provide us with a different workout each time, helping to eliminate boredom. Perfect size because it is so compact.

The second reason for the review is to address comments from other buyers.

Someone said it’s heavy. Seriously??? It’s a TREADMILL!! Would you prefer a model that is poorly built and not sturdy? Someone said it’s loud….this is very subjective.

But it has a MOTOR! And it’s not a $1500 model!! I have been able to watch TV while running on the treadmill with no problem hearing the TV.

Bottom line……great product for the price!!!”

Related Article: 6 Amazing Smart Water Bottles Reviewed To Stay Hydrated

Merax Electric Folding Treadmill

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Complete your home gym with a treadmill that has been optimized for convenience and efficiency. 

Power by a strong but quiet 1.5HP motorMerax folding treadmill with incline is sturdy and reliable enough to withstand long-distance running sessions and support up to 240 LBS. 

12 various preset programs, which alternates between high and low-intensity workout sessions, as well as 3 count-down modes, help achieve speed between 0.5 – 7.5 MPH (0.8 – 12 KM/H) for meeting your different fitness goals. 

large LCD display helps track all necessary performance including speed, time, distance, and calories burnt to keep you constantly motivated.

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Features:

  • Motor Power: 1.5HP
  • Product Size: 55” x 23.5” x 43”
  • Folded Size: 29.5” x 23.5” x 49”
  • Running Belt: 15.7” x 43.3” / 400mm x 1100mm
  • Product Weight: 64 LBS
  • Package Dimensions: 57” x 27” x 10”
  • Speed: 0.8 – 12 KM/H 0.5 – 7.5 MPH
  • Rated Voltage: 110V
  • Max Weight Capacity: 240LBS

Amazon Review: “I finally bought this treadmill after a lot of research. It seems to be a very well-made product. It was mostly preassembled, I put it together all by myself and it only took me less than half an hour, very easy. 

I love that it’s not bulky because I have limited space for the treadmill.

The base is sturdy, the belt is wide and long enough for me. More importantly, it’s quiet! 

12 pre-set programs are easy to use. I have been using different speeds which work fine for me.

This treadmill is awesome! So far I have been using it every day and it has performed very well. Well worth the money!”

MARNUR Treadmill Electric Folding Treadmill

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MARNUR Electric treadmill provides an efficient running and walking experience at home for city people while avoiding knee and muscle injuries.

The electric folding treadmill for home is equipped with 15 preset training modes. 

Choose the most suitable program of the running machine according to the amount of exercise needed, and the intensity is fully customizable by adjusting the treadmill speed. 

What’s more, the incline treadmill is equipped with adjustable slope angles, and you can easily switch between them by adjusting the base. 

Ideal for you to run, walk and do aerobic exercises at home.

The 17 * 43 inches wide running belt of the treadmill machine, comfortable safety belts on both sides, along with a non-slip diamond-patterned running belt, and the double-layered treadmill design greatly cushions the impact of running and effectively protects your knees and ankles. 

The upper layer consists of a high-elastic rubber running belt, and the bottom layer is a silicone antilock braking system, which effectively absorbs shock.

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Features:

  • Dimensions of Extended Running Machine: 51.2*27.4*45.1 inches
  • Size of Treadmill Belt: 16.5*42.5 inches
  • Weight Capacity: 220 lbs Maximum
  • Output Power: 110 V

Amazon Review: “The automatic incline is worth it alone, but this thing runs great.

I admit I’m only using it for walking and I’d fly off of it at top speed, but I tested the max incline (8) and it’s like hiking. The setup was really easy as there are only a few things to do and it’s ready to go.

When it stops it comes to a smooth stop giving you time to step to the side rails and off, and remembers your time and stats when you resume though you have to get it back to speed again using the controls, the handle arrows are perfect to adjust height or speed without leaving the handles.

The unit moves easily and the tread-board folds and unfolds easily by dropping slowly on its own to a perfect feather landing. The easy-to-understand and use controls are great.”

Related Article: Surprising Review – Echelon Reflect Smart Mirror 2020

Weslo Cadence G 5.9 Treadmill Series

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Get more results in less time with the Weslo Cadence G 5.9 Treadmill.

Featuring 6 Personal Trainer Workouts, a 2-position manual incline, and Comfort Cell Cushioning, this treadmill is the perfect tool for losing weight or increasing performance.

Each workout is designed by a Certified Personal Trainer so you can maximize your time and get a great workout! The incline is easy to change and will increase the intensity of your workout.

And, with the addition of Comfort Cell Cushioning, you’ll stay comfortable throughout each stride. The Weslo Cadence G 5.9 Treadmill is right for you.

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Amazon Review: “Awesome treadmill! Great value. Not as huge as all the other ones we’ve looked at at the retail stores. I’ve been using it for about two months now and so far it’s excellent.

It’s been used almost daily for one hour per day. Mostly doing walking at close 4.6 mph, occasionally running in 5-10 minute stretches. 

No issues so far. No bells and whistles but all I was looking for was a simple treadmill with manual speed selection.

Running decently quiet – I’m able to watch a movie on a tablet situated on top of the treadmill console.”

Purchasing A Treadmill Under $500

Now that you have seen some of the best folding treadmills under $500 on amazon.com, there are some simple elements that inexpensive treadmill models don’t offer compared to the more advanced and expensive models.

The main difference when comparing entry-levels treadmills compared to more advanced treadmill models is powerful motors. 

But, if you are looking for a treadmill to get you off and running, the models mentioned above will do the trick quite nicely.

Below are some additional features that you should be aware of when researching for the right folding treadmill for your home gym.

Treadmill Design

folding treadmill

When it comes to the overall design of folding treadmills under $500, they are basic in design compared to the commercial treadmills that you would see at a fitness center.

But, with most of the treadmills under $500 that are foldable, you can still get an attractive design that will work perfectly in a home that doesn’t have a dedicated home gym.

What's Under The Hood

When it comes to inexpensive treadmills built for home gyms that are priced under $500, most of the motors that operate the treadmill belt run around 2hp or more

This amount of power tends to push treadmill belt speeds of around 7 to 8 mph.

If you look at the average running speed of most outdoor runners, they tend to jog around 6mph to 8mph. So the folding treadmills in the $500 price range as perfectly fit for those who walk or jog to get the heart pumping. 

If you are a runner or a sprinter looking for a treadmill that can accommodate speeds of 9mph or more, I would suggest investing in a more powerful treadmill that has a motor that can handle speeds at this range.

Incline Capabilities

folding treadmill

Depending on the price model of the folding treadmill for home you are looking for, the higher the price, the better capabilities you have for assisted inclines on the treadmill.

Many folding treadmills still offer manual incline, but you have to adjust the incline of the treadmill before running.

Thankfully, some of the folding treadmills mentioned above do come with motorized incline controls, allowing you to incline up to 10% with just a press of a button, so changing your incline on the fly is so much easier for your workout.

Belt Dimensions

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When you are shopping for an inexpensive treadmill, you have to keep in mind that you are not getting a commercial-grade treadmill with all the bells and whistles. 

So, one of the areas that you may notice when shopping for a foldable treadmill under $500 is the size of the treadmill belt. 

You may not notice this as much if you are a walker or jogger, but if you are a runner or sprinter, you may need to up your budget to give you a better experience during your runs.

Control Panel

folding treadmill

If you have noticed from the folding treadmills under $500 mentioned above, the control panels differ from model to model. 

You may see treadmill consoles that are basic to operate so you can focus on walking or running, while some other models have so many options that you will need a degree in physics to operate.

When it comes to controls panels, it depends on the needs you have for achieving the perfect run or walk every day. 

Most of the control panels on most treadmills on the market today have built-in preset programs to help you with your workout, plus they display the speed, distance, and time that everyone needs to get a great workout in.

Is A Folding Treadmill Right For You?

If you are planning on building a home gym that will have enough space for an all-in-one-gym, plus other fitness equipment, then maybe look for a free-standing treadmill like the Nordictrack T-series.

But, if you are looking at adding a piece of cardio equipment in a limited space like a living room or office, then a folding treadmill is the right fit for you.

Is there a difference between a treadmill under $500 vs a Commercial Treadmill?

When it comes to price, yes there is a major difference between budget-friendly folding treadmills and commercial treadmills. Commercial treadmills tend to start at 10,000 dollars and go higher.

But, the commercial treadmills that you see at most fitness centers have 5hp motors and offer a motorized incline of close to 15%. Plus, they have wider running surfaces and better shock absorption systems.

But, don’t let that stop you from investing in a folding treadmill under 500 dollars because even though they don’t have all the features that a commercial treadmill offers, they still get the job done quite well. 

What Should You Do In Researching The Perfect Treadmill?

If you are in the market for a treadmill for your home, depending on the budget you have, you will notice a huge difference in options available for every dollar value that goes up.

The more money spent on a treadmill for your home gym, you will notice that the treadmills will have more power in the motors to speed up the treadmill belts.

If you are looking for a treadmill for your home for walking or jogging, then a basic treadmill model will be the right fit for you. But, if you are a runner or sprinter, the better the motor the faster your runs can be.

If you are looking for a treadmill under $500, you will notice a difference in the size of the treadmill belt compared to the more expensive treadmills out there today. 

You may not notice a difference if you have a shorter stride, but if you are over 5ft in height, you will notice a big difference, and I suggest getting a treadmill that provides a longer length.

Conclusion

When it comes down to it, finding the right treadmill for your home gym depends on the space you have and the budget you are willing to spend.

Folding treadmills under 500 dollars is a great start for anyone willing to make exercises a part of his/her daily routine.

All you need is to adopt a healthier diet, the right attitude, the perfect tunes, and a highly rated reviewed treadmill and you will be on the right path towards success.

Browse the best home gym equipment deals available at your favorite retailers:

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