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The best camera under £500/$500: get the perfect blend of value AND performance

best cameras under £500/$500
(Image credit: Getty Images)

Don't make the mistake of thinking that the best camera will always be the most expensive. It’s possible to get hold of a top-quality camera without spending a fortune, especially with all the best cheap camera deals we're seeing at the moment.

The reasons for this are twofold. First, cameras are becoming more and more advanced as the years go by and new models are released. This means that features you once saw only on the best DSLR cameras or the best mirrorless camera models now come as standard on even the most basic of bodies. For instance, once something like Wi-Fi was a privilege reserved only for the pro models, and now it's weird to see a new camera without it.

Second, many manufacturers don't take their older modles off the market once new ones come along, but instead will keep them on sale at a steadily reducing price. This means that if you don't mind picking up a camera that's a couple of years old (and you shouldn't), you can get something that's extremely capable at an extremely affordable price!

Read more: The best camera for kids

A budget of $500/£500 will typically get you an advanced compact camera, an enthusiast-focused mirrorless model, or an upper-entry-level DSLR. We've set this price as a rough benchmark because prices are changing all the time, so now and again you might find a camera in our list that creeps a little way over that – or plunges way below! – but we will definitely get you in the right ballpark.

Exactly which of these cameras you should go for depends on your needs and intentions, but one thing the following models have in common is that they’re all standout products in their respective categories.

Here's our pick of the best cameras under £500/$500.  

Best camera under 500: Nikon D3500

(Image credit: Nikon)

1. Nikon D3500

Nikon's newest DSLR is cheap, easy to use and very good

Type: DSLR | Sensor: APS-C CMOS | Megapixels: 24.2MP | Lens mount: Nikon DX | Screen: 3in fixed, 921K dots | Continuous shooting speed: 5fps | Max video resolution: 1080p | User level: Beginner/enthusiast

Very beginner friendly
Speedy AF-P kit lens
Great image qualtiy
Fixed rear screen

Not only is this just about the freshest and newest beginner DSLR on the market, it also comes in well under our top budget, leaving you cash left over for accessories. Indeed, we've ranked it number one on our best Nikon camera list. The D3500 is a refreshed and redesigned version of the D3400 before it, with a 24-megapixel sensor and a fast-focussing AF-P 18-55mm kit lens with a retracting mechanism so that it takes up less space when you're carrying it around. The cheapest deal includes a non-VR lens, but we'd recommend paying just a little extra for the VR version.

Read more: Nikon D3500 review

Best camera under 500: Nikon D5300

(Image credit: Nikon)

2. Nikon D5300

A great-value and versatile alternative to Nikon’s newer models

Type: DSLR | Sensor: APS-C CMOS | Megapixels: 24.2MP | Lens mount: Nikon DX | Screen: 3.2-inch articulating, 1,037,000 dots | Continuous shooting speed: 5fps | Max video resolution: 1080p | User level: Beginner/enthusiast

No low-pass filter means great detail
Larger-than-usual screen
Screen isn't touch sensitive
Some banding in high-ISO shots

The D5300 appears as a fairly conventional entry-level DSLR, but it offers a handful of features not typically seen on other models of its type. These include a generously sized 3.2in LCD screen, a 39-point AF system and even a GPS system, the latter making it particularly strong for travelling photographers. Nikon also chose to drop the anti-aliasing filter from the camera’s 24.2MP APS-C sensor, which gives it an edge in terms of the detail it can capture over rival 24MP bodies. The only real downside is that it doesn’t offer a touchscreen, but you're still getting a highly versatile camera that delivers great results. It's been superseded by the latest Nikon D5600, but don't worry about that – the D5300 has lots of life left in it yet.  

Best camera under 500: Canon EOS Rebel SL2 / EOS 200D

3. Canon EOS Rebel SL2 / EOS 200D

A flip-out LCD and Dual Pixel CMOS AF make this a great buy

Type: DSLR | Megapixels: 24.2MP | Lens mount: Canon EF-S | Screen: 3-inch tilting touchscreen, 1,040,000K dots | Viewfinder: Yes, optical | Continuous shooting: 5fps | Movies: Full HD (1080p) | User level: Beginner

Tiny, light body
Dual Pixel CMOS AF works great
No 4K video
Simple 9-point AF

The EOS Rebel SL2, also known as the EOS 200D, isn't Canon's most recent DSLR but that means its prices have had time to drop, so it out-specifies the newer EOS 2000D but matches it on price. It also sits right at the top of our best Canon camera list, thanks to its combination of versatility and value. You get Canon's excellent Dual Pixel CMOS AF system, which delivers mirrorless-like autofocus performance in live view and effective adherence in movies, as well as the latest DIGIC 7 processing engine and the full Wi-Fi, NFC and Bluetooth triplet of wireless connectivity options. 5fps burst shooting is decent, and the option to attach a microphone boosts its Full HD video capabilities, while compatibility with decades worth of quality Canon lenses only further enhances its appeal. It has also been superseded by the relatively new Canon EOS 250D / Rebel SL3, which should drive prices down a bit more.

Read more: Canon EOS 200D / Rebel SL2 review

Best camera under 500: Canon EOS Rebel T100 / EOS 4000D

(Image credit: Canon)

4. Canon EOS Rebel T100 / EOS 4000D

Canon's most affordable DSLR yet, this is ideal for beginners

Type: DSLR | Megapixels: 18MP | Lens mount: Canon EF-S | Screen: 2.7-inch screen, 230,000K dots | Viewfinder: Yes, optical | Continuous shooting: 3fps | Movies: Full HD (1080p) | User level: Beginner

Decent specs
Extremely affordable
Limited burst buffer
Primitive autofocus

Canon has spent some time filling out the low end of its DSLR range recently, creating lots of compelling options for beginner users and those working to tight budgets. One of the most affordable options is the EOS 4000D, a stripped-back beginner's DSLR that does just about everything you need it to for an incredible price, kit lens included. It's nothing terribly sophisticated, but for the money you get a decent camera with 18MP of resolution and 3fps burst shooting, as well as access to Canon's incredible stable of lenses. 

Read more: Canon EOS Rebel T100 / EOS 4000D review

Best camera under 500: Panasonic Lumix GX80 / GX85

5. Panasonic Lumix GX80 / 85

A pocket-sized mirrorless camera at a pocket-money price

Type: Mirrorless | Sensor: Four Thirds | Megapixels: 16.0MP | Screen: 3.0-inch, 1,040k tilt touch | Viewfinder: Electronic, 2,765k | Lens: Micro Four Thirds | Continuous shooting speed: 8fps (40fps elec shutter) | Max video resolution: 4k | User level: Intermediate

Very compact body
Built-in electronic viewfinder
Great value for money
MFT sensor only 16MP

Incredible value for money, with or without its smart little 12-32mm kit zoom lens, the Panasonic Lumix GX80 / G85 shoehorns a host of high-tech features into its diminutive, compact-style build. These include 5-axis image stabilization, Light Speed AF, Post Focus and 4K ultra-high definition for both video and rapid-fire stills, as featured in Panasonic’s top-end cameras. There’s also a high-res electronic viewfinder built into the back of the camera, along with a tilting touchscreen. If you want a camera that goes large on features and performance, but with a small build and price tag, this is amazing value for money that will leave you with cash to spare.

Read more: The best Panasonic camera

Best camera under 500: DJI Osmo Action

(Image credit: DJI)

6. DJI Osmo Action

A fantastically featured little action camera for a great price

Type: Action camera | Sensor: 1/2.3-inch | Megapixels: 12MP | Screen: Dual (front and rear) | Viewfinder: No | Lens: 148-degree field-of-view | Continuous shooting speed: Not specified | Max video resolution: 4k | User level: Beginner

Super-smooth stabilised video
Extensive waterproofing (11m)
Some app issues
Limited burst options

The DJI Osmo Action is an extraordinarily capable little action camera, capable of producing beautifully smooth 4K footage thanks to its RockSteady stabilisation system. Undercutting the GoPro HERO7 Black on price, it's a fantastic tool for the money and boasts lots of great features you'd expect from a camera of its class, such as waterproofing down to 11m. Dual LCD screens are also a boon for selfies and vlogging, allowing you to see what you're shooting from both angles, and it can also shoot video in super slow motion (up to 8x). An all-around winner for a great price.

Read more: DJI Osmo Action review

Best camera under 500: Sony A68

(Image credit: Sony)

7. Sony A68

Action shooters will love Sony's unusual 'SLT' model

Type: SLT | Sensor: APS-C | Megapixels: 24.2MP | Screen: 2.7in, 461k dots | Viewfinder: Electronic | Continuous shooting speed: 8fps | Max video resolution: Full HD | User level: Beginner

AF system particularly advanced
8fps burst shooting
LCD isn't the biggest or best...
... neither is build quality

Very much a Marmite camera, but one that definitely deserves a nod here. With its less conventional SLT construction, the camera is able to offer 79 phase-detect points, which is considerably more than DSLR-type cameras at the same level. Add to that 8fps burst shooting with focus tracking and Sony's 4D Focus technology, and what you have is a camera that's far better suited to shooting action than many others. With the further benefit of a tilting screen and an OLED viewfinder, the camera is arguably more flexible when you're shooting in low light or at awkward angles than the average DSLR, although the screen isn't the best of its kind, and the future of the SLT system isn't entirely clear now that Sony is focusing its attention on the likes of the A6000 (below).

Read more: The best Sony camera

Best camera under 500: Sony A6000

(Image credit: Sony)

8. Sony A6000

A powerful mirrorless all-rounder that's now available at silly prices

Type: Mirrorless | Sensor size: APS-C | Resolution: 24.3MP | Viewfinder: EVF | Monitor: 3-inch tilting screen, 921,600 dots | Maximum continuous shooting rate: 11fps | Maximum video resolution: 1080p | User level: Beginner/enthusiast

Great image quality
Excellent EVF
Display isn't touch sensitive
Setting AF point somewhat awkward

Sony’s excellent A6300 and A6500 might be out of budget, but the A6000 is a highly capable alternative. In fact, the company claims it's its best-selling mirrorless camera to date. While it might lack its elder siblings’ 4K video option, you get plenty of features you’d never expect to see on a similarly priced DSLR. These include a mammoth 179 phase-detect AF points that make subject tracking a doddle, together with 11fps burst shooting. That combination alone should make the camera appeal strongly to sports and action shooters, while the tilting LCD screen, 2.36million-dot OLED viewfinder, built-in Wi-Fi and NFC only sweeten the deal further.

Read more: The best compact camera

Best camera under 500: Olympus OM-D E-M10 II

(Image credit: Olympus)

9. Olympus OM-D E-M10 II

A high-tech mirrorless camera that's perfect for travel

Type: Mirrorless | Sensor size: Micro Four Thirds | Resolution: 16.1MP | Lens: Micro Four Thirds | Screen: 3.0-inch tilt-angle touchscreen, 1,370,000 dots | Viewfinder: EVF | Maximum continuous shooting rate: 8.5fps | Movies: 1080p | User level: Beginner/enthusiast

Excellent EVF
Very good image stabilisation
Screen not vari-angle
Limiting custom options

Olympus’ digital revival of its analogue OM line has been hugely popular among enthusiast photographers, and with the OM-D E-M10 II the company has provided those on a tighter budget with a solid entry point to the series. What’s surprising is just how much the model has in common with the more senior OM-D E-M5 II. Both, for example, sport 16MP sensors, TruePic VII processors, 2.36million-dot electronic viewfinders and five-axis image stabilisation systems. Sure, not everything is equal, but when you consider the huge price difference between the two, the OM-D E-M10 II ends up being the better-value model by some margin – and is the best Olympus camera for those looking for their first "proper" system. 

Best camera under 500: Panasonic Lumix LX100

(Image credit: Panasonic)

10. Panasonic Lumix LX100

This big-sensor compact handles like a classic film camera

Type: Compact | Sensor size: Micro Four Thirds | Resolution: 12.8MP | Lens: 24-75mm, f/1.7-2.8 | Monitor: 3.0-inch, 921,000 dots | Viewfinder: EVF | Continuous shooting: 11fps | Movies: 4K | User level: Intermediate/expert

Excellent feature set
Huge sensor for a compact
Limited focal range
Big for a compact

While most enthusiast compacts are happy enough with a 1in-type sensor, the Panasonic LX100 shoehorns in a larger Micro Four Thirds sensor into a body that's only slightly larger than the average enthusiast compact. In fact, it’s the only compact camera to have such a sensor, and this helps it to deliver excellent image quality. You might find the focal range of the 24-75mm lens to be a little limiting, but with a maximum aperture of f/1.7-2.8 it’s nice and bright. Add to that 4K video, an integrated viewfinder and Wi-Fi with NFC, and it still stacks up well against more recent offerings.  

Best camera under 500: Sony Cyber-shot RX100 III

(Image credit: Sony)

11. Sony Cyber-shot RX100 III

Sony’s third-generation RX100 model is a miniature powerhouse

Type: Compact | Sensor: 1in type | Megapixels: 20.1MP | Lens: 24-70mm f/1.8-2.8 | Screen: 3in tilting screen, 1.228million dots | Viewfinder: EVF | Max burst speed: 5fps | Max video resolution: Full HD (1080p) | User level: Enthusiast

Excellent sensor
Tiny body
Some handling issues
Maximum aperture at 100mm

The original Cyber-shot RX100 was a landmark release, with its large 1in sensor, masses of functionality and tiny body upping the standard for a compact that you can still get into your pocket. This third iteration has a 20.1-megapixel sensor and a fast f/1.8-2.8 3x zoom lens equivalent to 24-70mm in full frame terms. It even packs in a pop-up electronic viewfinder. Sony has recently announced the RX100 VI which has a long zoom range but a much bigger price tag, so we reckon the RX100 III still hits the sweet spot for power versus price.

Read more: Sony RX100 III vs RX100 IV vs RX100 V

Best camera under 500: Panasonic Lumix ZS100 / TZ100

(Image credit: Panasonic)

12. Panasonic Lumix TZ100 / ZS100

The TZ100 belies its small size with a huge sensor and all-encompassing optic

Type: Compact | Sensor: 1-inch type CMOS | Resolution: 20.1MP | Lens: 25-250mm f/2.8-5.9 | Viewfinder: EVF | Monitor: 3.0-inch, 1,040,000 dots | Maximum continuous shooting speed: 10fps | Movies: 4K | User level: Beginner/enthusiast

Unique proposition
Inclusion of 4K video
Viewfinder is very small
Narrow max telephoto aperture

Pocketable compact camera with 1in sensors are desirable for the quality of their images, but these rarely offer lenses that exceed 100mm or so. The only exception to this is Panasonic’s Lumix TZ100, which partners its 20MP 1in sensor with a surprisingly long 25-250mm f/2.8-5.9 optic. True, in order to accommodate this it’s a little bulkier than the average compact, and not all that bright at its telephoto end, but if size and telephoto reach are your priorities then you’ll be hard pushed finding something more suitable. And that’s only the start; with a small electronic viewfinder, 4K video recording, Raw shooting and a five-axis OIS system to help keep images sharp and videos stable, it’s got masses going for it aside from its headline specs.

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