As camera technology progresses, the best camera under £500 becomes increasingly more powerful, offering some fantastic features for a very affordable price. These cameras show that the best camera isn't always the most expensive, as entry-level offerings can capture high quality photos – and the best cheap cameras often come in a lightweight and compact body too.
So, how is it possible for camera manufacturers to produce excellent cameras at such an affordable price? Well, one of the most significant reasons is that cameras are generally included more and more advanced technology as the years go by. This becomes a rising tide that lifts all boats, as features that would have only been seen on the best DSLRs or best mirrorless cameras are now par for the course. This means that features such as Wi-Fi, 4K video and sensors with decent megapixel counts are much more common now.
Another reason why cheaper cameras have become so good in recent years is that many manufacturers keep their older models on the market for quite a while. This means that consumers can pick up an absolute bargain if they're not too worried about having the newest camera on the market. We particularly like Sony for this, as its A6XXX mirrorless camera range and RX100 compact camera range have large back catalogues of cameras that are still pretty easy to find – and at some fantastic prices too.
Read more: The best camera for kids
So, what can you expect to get for a budget of £500? Well, depending on what tickles your fancy, you should be able to pick up a fairly advanced compact camera, an enthusiast-focused mirrorless camera, or a decent entry-level DSLR.
It's worth noting that as camera prices fluctuate, you may find a camera on our list that creeps a little over budget (or plunges far below!). However, every camera model on this list has been chosen because it balances fantastic features with an affordable price point, so we will definitely get you in the right ballpark.
Cameras aren't a one-size-fits-all product, so the best camera under £500 for you will depend on what you want to use it for. However, each of the following models are all standout products in their respective categories, so you'll be sure to find something that suits your needs.
Best camera under £500 in 2021
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
An impressively specced beginner's DSLR and one of the long-awaited successors to the entry-level EOS 1000D, the Canon EOS 2000D is a great choice for any stating-out or aspiring photographer looking to try out their first DSLR. It doesn't do anything particularly flash but does manage everything you need it to: a 9-point autofocus system, 3fps burst shooting, Full HD video, and of course, the EF-S mount that gives the user access to a huge catalogue of fantastic lenses. Friendly to the novice user, but offering room to grow, the EOS 2000D represents a fantastic bargain.
Incredible value for money, with or without its smart little 12-32mm kit zoom lens, the Panasonic Lumix GX80 shoehorns a host of high-tech features into its diminutive, compact-style build. The best deals however are for a twin-zoom kit, that offers a 45-150mm telephoto in addition to the 12-35mm standard lens. Standout features 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
The latest of the GoPro range is the best GoPro yet. The key addition to this newer model is the front-facing color LCD screen, which allows you to frame yourself while vlogging, when used as a webcam, or just for selfies. The resolution gets a boost too, with a 20 megapixel stills capability and a 5K video shooting. The latter will be overkill for many, but it also allows 14.7 megapixel grabs from video, which could be hard to resist.
At 2.27-inch, its rear display is larger than that found on the older GoPro Hero8 Black, and its Hypersmooth 3.0 video stabilization system is unbeatably smooth. Thanks to its removable lens cover there’s also an option to add a Max Lens Mod accessory to the Hero9 Black, which will bring a few GoPro Max-style features including 360º horizon lock and an ultra-wide 155º Max SuperView mode.
The DJI Osmo Action is an extraordinarily powerful little action camera, capable of producing beautifully smooth 4K footage thanks to its RockSteady stabilization system. Undercutting the latest GoPro HERO cameras 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
Sony’s excellent A6400 and A6600 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 Sony camera
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 – especially now that its successor, the Olympus OM-D E-M10 III is being discounted, driving its price down still further.
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. Once again, too, the release of a more expensive successor (the LX100 II) has served to drive the price down and make this extremely capable camera an even more tempting prospect.
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 since announced RX100 models up to the VII, many of which offer competitive features like a longer zoom range, but we reckon the RX100 III still hits the sweet spot for power versus price.
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. Plus, with the TZ200 out now, its price has dropped even further!