Grabbing yourself one of the best acoustic guitars under $500 is a surefire way to elevate your playing to the next level. Perhaps you’re upgrading from your first acoustic guitar, or even just looking to add some quality to an existing collection. Whichever it is, there are some amazing instruments available at this price point.
All of the major manufacturers now offer instruments at this price point, from stalwarts like Martin and Fender to more modern offerings like those from Yamaha. In this price range, you won’t have to compromise on build materials and electronics, with plenty of these instruments seeing solid tops, excellent preamps, and impressive hardware specs.
There are a lot of options in this price bracket, but we’ve whittled them down to the very best just for you! If you need a little further guidance then be sure to check out our buying advice section at the end of the article. If you’re just wanting to see the best acoustics at this price point today.
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For pure unadulterated tone and stunning looks, it’s hard to look past the Epiphone J-200 EC Studio . It sounds phenomenal thanks to the jumbo size body, and for the money, it’s incredible value too. This one will turn heads at your next show for all the right reasons.
If you need something that’s more beginner-friendly or something on a tighter budget, then we’d go for the Fender CD-60S All-Mahogany . It gives you fantastic playability and a solid top, making it an excellent choice for any acoustic guitar player.
Featuring all the appointments that make its big brother, the Gibson J-200 legendary, the Epiphone J200 EC Studio is easily one of the best guitars you can buy for less than $500 (you may pay just slightly over $500 for some models/finishes, but you will find it under $500 if you look in the right places).
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Featuring the iconic moustache bridge, decorative tortoiseshell style pickguard and pearloid crown inlays, we think this guitar is a joy to look at. Top that off with superb playability and the deep but balanced bottom end that you only get from a jumbo, and you have the complete package at a bargain price.
It’s clear to see that the Epiphone’s J200 EC Studio punches way above its tonal weight and it's well worth your time checking this one out.
The term ‘beginner instrument’ doesn’t really fit with today’s standards, as manufacturers derive greater performance from tonewoods at less cost to us. Fender’s CD-60S proves the point, offering a guitar that sounds great and is comfy to play – but all delivered at a low, low price.
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Sound is where this dreadnought guitar delivers the goods, with a chiming mid-range brightness that’s part and parcel of a mahogany construction. Fender’s big-bodied dreadnought also extends nicely into the bass, should you wish to explore drop tunings. We found the intonation, tuning and string action to be great on the CD-60S too.
Keep your eyes peeled online for bundle deals that include tuner, strap, strings, gigbag etc. There’s an electro-acoustic version complete with a body cutaway available for a little extra, too.
Just like Yamaha is a giant of the music industry, the Yamaha FG800 is a giant of the beginner acoustic guitar world. For the money, the spec you get with this brilliant budget acoustic is really quite astonishing.
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To see a solid top on a guitar at this price is frankly mind-blowing, but the FG800 follows up with the sound to match it. It's got a lovely punch to it, resonant and balanced whilst remaining articulate no matter what playing style you throw at it.
Being a dreadnought it's a big guitar, so may pose a challenge to those with smaller dimensions or younger players. But if you feel you can handle the large size, this is one of the most rewarding acoustics you can get for under $500.
Built from mainly manmade materials, the LX1E can feel utilitarian. However, in practice, the Little Martin offers up classic Martin tones with a crisp-edged if conventional voice. Its bright, contemporary tones will cut through a mix and be heard over bigger guitars. Little by name but not so little by nature – sonically anyway.
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The Ed Sheeran-favored diminutive LX1E is a great travel guitar and features Fishman’s Sonitone preamp on-board too. Though only equipped with a pre-set tone control, the contour function cleans up the mid-range, removing a little boxiness. This one is perfect for singer-songwriters on a tight budget.
Yamaha’s goal with the STORIA range was to design a guitar that “transforms the traditional acoustic guitar into a one-of-a-kind statement piece”, and we must say, in our opinion they have certainly achieved that.
The wine red interior and champagne-gold appointments add an air of class to this sub-$500 acoustic that you don’t see often at this price point and the solid mahogany top delivers abeautifully warm tone that compliments this stunning look.
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The slightly shorter scale length of 25” and the compact concert body sizes make it incredibly easy to play, even more so if you are a complete beginner.
Guild's M-240E is a slightly more left-field choice when looking at the smaller-bodied acoustic guitars under $500. There's plenty of competition in this product category from names like Martin and Taylor, but if you're after something a little different then the M-240E could be the one for you.
Construction-wise, the classic combination of a solid spruce top and mahogany back & sides provides a snappy, punchy tone with a tasteful low-end presence – meaning that the M-240E is a brilliant choice for both solo artists looking for rich tonal accompaniment, or those in bands that need to cut through the mix just that little bit more.
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The comfortable C-shaped neck and small 'M' concert sized body make this diminutive Guild a fantastic travel or couch guitar – but with a full 24.75 scale length, it's still capable of keeping up with some of the big boys. Plugged in, you'll hear the sound of a much bigger guitar thanks to the Fishman Sonitone pickup - making this a seriously versatile acoustic.
A fairly recent addition to the acoustic guitar world, the PRS SE P20E Parlor allows you to own a premium-looking and playing instrument at a fraction of the typical cost of a PRS.
It's not the loudest acoustic due to the smaller size, but it's certainly got a distinctive voice. It oozes warmth thanks to the mahogany top and PRS' hybrid bracing ensures that it rings out resonantly. The playing experience is organic and addictive, you'll certainly find it hard to put this one down.
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Perfect as a living room guitar, its small size also makes it easy to transport and it has a Fishman GT1 preamp built in for plugging into the PA at shows. The wide-fat neck profile offers a comfortable playing platform, making this a fantastic instrument for the money.
Let us first preface this by saying that it has been a long time since 'budget' acoustic guitars were bad acoustic guitars. There are some killer acoustic guitars coming on to the market at crazy low prices, and they're not to be sniffed at.
The guitars in this guide represent the very best you can buy for roughly $500 or less – and if there's one thing we want you to take away from this guide, it's that budget guitars can be just as good as their more premium counterparts.
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Okay, cheaper acoustics may not be as flashy or legendary as some of the high-end exotic six-strings out there, but they aren't trying to be. These guitars are simply offering players a no-nonsense acoustic with plenty of tone at an affordable price - and we absolutely love them!
This is possibly the most crucial factor to consider when choosing any acoustic guitar, regardless of your budget. The guitar's size will impact everything from the tone it produces to how comfortable it is to play. The most common sizes available are jumbo, dreadnought, auditorium, classical and parlour.
A jumbo is going to deliver the biggest, fattest tone. Think Elvis, Bob Dylan and Emmy Lou Harris – the jumbo is an iconic body size and produces a tone to match. Unfortunately, the humongous body size does mean that you've got to be of a certain build and stature to play one comfortably.
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The dreadnought is by far the most popular acoustic guitar body size. It's not too big, not too small, and creates a tone that seems to cover just about every base imaginable. The wider body helps the guitar to produce a broad range of tones and frequencies, making this option a great all-rounder. Again, it's a bit on the big side, but it's possible for those of any size to play a dreadnought comfortably.
Auditorium, classical and parlour are on the 'small' end of the acoustic guitar body size spectrum and are all perfect for younger players especially. The tones of auditorium and classical guitars are quite balanced, with plenty of low or high-end available depending on where and how you play the strings. Parlour guitars lack some of the tonal depth of larger-bodied guitars
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