Top 5 Best Smartphones for Under $500 – November 2022

Are you looking forward to buy a new high-end phone so that you can snap great photos at the coming winter holidays and your budget is limited to $500? Then stick around as today we’re going to check out the top 5 best smartphones currently on sale for less than $500!

Best Smartphones for Under $500

1. Xiaomi 12

Xiaomi's 2022 flagship phone launched earlier this year, the Xiaomi 12, is still one of the best device all-around currently on sale for under $500. The smartphone comes with the powerful Snapdragon 8 Gen1; along 8GB of RAM and 256GB of internal storage.

The Xiaomi 12 is also a compact with a "small" 6.28-inch AMOLED display featuring Full HD+ resolution and a 120Hz refresh rate.

In the camera department, Xiaomi's flagship brings a 50MP main sensor; paired with a 13MP ultra wide angle lens and a 5MP macro lens. At the front there’s a single 32MP snapper.

Finally, the Xiaomi 12 runs on a 4500mAh capacity battery with support for 67W fast charging. Additionally we find 50W wireless charging and 10W reverse wireless charging

2. iQOO Neo 7

Next, we have the recently launched the iQOO Neo 7, which packs the extremely powerful MediaTek Dimensity 9000+ chipset; coupled 8GB of RAM and 128GB of internal storage.

The smartphone then features a large 6.78-inch AMOLED display with Full HD+ resolution, a 120Hz refresh rate and a 360Hz touch sampling rate.

As for photography, the iQOO Neo 7 comes with a 50MP, an 8MP ultra-wide lens and a 2MP macro camera. Meanwhile at the front we find a 16MP sensor.

Finally, the Neo 7 packs a large 5000mAh battery with support for a whopping 120W fast charging.

Best Smartphones for Under $500

3. Lenovo Legion Y70

Next, for the gamers out there, we have the Lenovo Legion Y70 which can now be found for under $500. The gaming phone is powered by a Snapdragon 8 Gen1, 8GB of RAM and 128GB of storage.

The Legion Y70 brings a large 6.67-inch FHD+ AMOLED panel with a super high refresh rate of 144Hz and a punch-hole for the 16MP selfie snapper. Meanwhile on the back we find a 50MP main sensor, a 13MP ultra wide lens and a 2MP depth sensor.

Finally, the Lenovo Legion Y70 is fueled by a large 500mAh capacity battery with support for 68W fast charging.

4. POCO F4 GT

Next, we have the slightly more affordable but still very powerful POCO F4 GT. The smartphone is also powered by a Snapdragon 8 Gen1, 8GB of RAM and 128GB of storage.

The F4 GT also brings a large 6.67-inch FHD+ AMOLED panel with a refresh rate of 120Hz and a touch sampling rate of 480Hz.

The camera department consists of a 64MP main sensor, an 8MP ultra wide lens and a 2MP macro. Meanwhile at the front there's a 20MP snapper.

Finally, the POCO phone is fueled by a 4700mAh capacity battery with support for a whopping 120W fast charging.

Best Smartphones for Under $500

5. Motorola Edge X30

Last but not least, we have yet another smartphones powered by Snapdragon 8 Gen1 chipset, the Motorola Edge X30. The handset also packs 8GB of RAM and 256GB of internal storage.

The Motorola Edge X30 then features a large 6.7-inch OLED display with Full HD+ resolution and a whopping 144Hz refresh rate.

Photography wise, the smartphone equips a 50MP main shooter paired with a 50MP ultra wide lens and a 2MP portrait camera. Meanwhile at the front there's a 60MP camera for selfies.

Finally, the Edge X30 comes with a large 5000mAh capacity battery and supports 68W fast charging technology.

Check out our sub $300 list if you're on a tighter budget!