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The best TVs under $500 in 2021

Hisense H8G Quantum Series (65H8G) hands-on review
(Image credit: Hisense)

There are great bargains in the TV world, and the best TVs under $500 prove that you can still get a big screen and great features on a budget. You may not get the hottest technology, but even on a budget you can find some great 4K smart TVs and get the TV you want with the savings you need – we've highlighted the best TV under $400 and the best TV under $300, too, to give you options that stretch your dollar a bit more.

Shopping for an affordable TV often feels like a game of "Gotcha!" as you see affordable prices go hand in hand with lackluster performance, disappointing features and crummy audio. But it doesn't have to be that way. We review dozens of TVs every year, and we've found the budget-friendly sets that make the cut, giving you better-than-basic features and above average performance to help you get the best TV for your money.

The TVs for back to school

The best budget TVs let you get a 4K picture and smart TV functions for less, and back-to-school sales give you a chance to score that bargain for an even better price.

While not strictly considered school supplies, it's a must-have for the dorm room or the bedroom, and you can even use a smart TV for virtual learning, or just as a great way to unwind once the homework is done.

Check out our picks for the Ultimate back to school guide 2021 for the best gear and deals for this school year.

What are the best TVs under $500?

When it comes to buying a TV on a budget, there are plenty of options, but they aren't all good. Skip the buyer's remorse with one of our recommended TVs.

The best TV under $500 is the TCL 5-Series Roku TV (S535), a 55-inch QLED TV that delivers great color and pops with excellent HDR capability, all with Roku's superb smart TV platform.

Based on our testing, the best TV under $400 is the 55-inch Konka U5 Android TV (55U55A), which delivers a full-featured smart TV experience with Android TV, complete with Chromecast and Google Assistant built-in.

And for the best TV under $300, there's the TCL 4-Series Roku TV (43S435). It's the no-frills option for for shoppers on a budget, but it's still a decent 4K smart TV with plenty to like.

The best TVs you can buy under $500

TCL 5-Series Roku TV (S535) review

(Image credit: TCL)

1. TCL 5-Series Roku TV (S535)

Best 4K TV under $500

Specifications
Available Screen Sizes: 50, 55, 65, 75 inches
Screen Type: LCD with Quantum dot
Refresh Rate: 60 Hz
HDMI ports: 4 HDMI 2.1
Size: 48.4 x 28.1 x 3.0 inches
Weight: 32.6 pounds
Reasons to buy
+Faithful colors+Built-in Roku smarts+Excellent price
Reasons to avoid
-Mediocre sound-Modest brightness

The TCL 5-Series Roku TV does what TCL does best, combining great features and performance with an undeniably excellent price. With the 55-inch model selling for right at the $500 mark, you get the category-leading color and brightness of QLED, as well as Roku's easy-to-use smart TV interface, which puts thousands of apps right at your fingertips.

In addition to the excellent color accuracy and full color gamut offered by the QLED display, it offers top-of-the-line HDR support, with Dolby Vision in addition to basic HDR10 and HLG formats. With input lag clocking in at 13.1 milliseconds, it's also one of the best gaming TVs you can buy for under $500. If you want the best cheap TV around, this is it.

Read our full TCL 5-Series Roku TV (S535) review.  

Konka U5 Android TV (55U55A) review

(Image credit: Konka)

2. Konka U5 Android TV (55U55A)

Best TV under $400

Specifications
Available Screen Size: 43, 50, 55, 65, 75 inches
Screen Type: LCD
Refresh Rate: 60 Hz
HDMI ports: 4
Size: 48.4 x 28 x 2.4 inches
Weight: 28 pounds
Reasons to buy
+Good brightness and color+Android TV with Google Assistant+Plenty of ports
Reasons to avoid
-Poor contrast-Terrible sound

The brand name may not be familiar, but if you want an excellent TV for under $400, the Konka U5 Android TV is the one to pick. With great smart capabilities thanks to Android TV – complete with integrated Chromecast and Google Assistant capability – the Konka offers great color and brightness and a full featured smart experience for a budget-friendly price.

For a TV that sells for such low prices, the U.S. delivers unexpectedly great performance, with rich colors and good brightness compared to other TVs in the price range. Contrast could have been better, and the sound quality will definitely benefit from adding a soundbar, but it's more than serviceable for watching TV and movies, and short lag times make for a decent gaming experience. If you want the best TV available for under $400, look no further.

Read our full Konka U5 Android TV (55U55A) review. 

TCL 4-Series Roku TV (S435)

(Image credit: TCL)

3. TCL 4-Series Roku TV (43S435)

Best TV under $300

Specifications
Available Screen Sizes: 43, 50, 55, 65, 75, 85 inches
Screen Type: LED
Refresh Rate: 60 Hz
HDMI ports: 3 HDMI 2.1 (1 ARC)
Size: 38.2 x 22.3 x 3.3 inches
Weight: 15.4 pounds
Reasons to buy
+Excellent value-priced 4K+Good color fidelity+Solid Roku skills
Reasons to avoid
-No Dolby Vision support-Minimal sound adjustments-Picture adjustments are difficult to find

The TCL 4 Series Roku TV, is one of the best TV values you'll find in any size. This 4K TV often sells for less than you’ll find bargain 1080p TVs, and the 43-inch model comes in at less than $300. It has good color accuracy and supports HDR10 — but not Dolby Vision — for improved contrast. It uses Roku’s system software, which provides one of the best smart TV experiences available and has plenty of apps to choose from. With a low lag time of 14 milliseconds, this set also will handle fast-paced gaming well.

In exchange for the great price, the TCL 4 Series is missing a few features that more expensive TVs deliver. It lacks local dimming, so the HDR performance isn’t as good as it could be. It also has weak speakers, with little bass and limited power. If this is going to be your main TV, consider adding a soundbar to overcome the sound issues.

Read our full TCL 4-Series Roku TV (S435) review

Best 50-inch TVs: Hisense 50H8G Quantum Series

(Image credit: Hisense)

4. Hisense H8G Quantum Series (50H8G)

Best budget Android TV

Specifications
Available Screen size: 50, 55, 65, 75 inches
Screen type: LCD with quantum dots
Refresh rate: 60Hz
HDMI ports: 4 (1 ARC)
Size: 43.8 x 25.4 x 3.1 inches
Weight: 28.2 pounds
Reasons to buy
+Great overall value+Accurate picture+Deep Google Assistant and Google Home integration
Reasons to avoid
-Remote isn’t backlit-Feet feel flimsy-Struggles with face-paced sequences

For a great value on a 50-inch TV, the Hisense H8G Quantum Series (50H8G) has plenty to offer. From the Android TV smarts to the QLED display and local dimming for great HDR support, the H8G is one of the best TVs you'll find for under $500. 

The quantum-dot screen boosts the color performance, and local dimming provides great contrast, but there are still some compromises made in the name of affordability. The 60Hz display and middling motion handling aren't what you'd see on a more premium TV, and the color reproduction isn't perfect, but it's still among the best 50-inch 4K smart TVs you'll find in this price range.

Android TV offers a great smart TV experience, with built-in Chromecast and Google Assistant providing plenty of flexibility to go with Google's huge library of apps.  With lag times under 14 milliseconds, the Hisense H8G is also one of the best gaming TVs you can buy for less than 500 bucks.

Read our full Hisense H8G Quantum Series review.  

Toshiba C350 Fire TV review

(Image credit: Toshiba)

5. Toshiba C350 Fire TV (2021 model)

The best Amazon Fire TV

Specifications
Available Screen Sizes: 43, 50, 55 inches
Screen Type: LCD
Refresh Rate: 60 Hz
HDR support: Dolby Vision, HDR10
HDMI ports: 4 HDMI (1 ARC)
Size: 37.9 x 22.0 x 2.9 inches
Weight: 15.0 pounds
Reasons to buy
+Responsive Fire TV+Good color in standard mode+Low lag time
Reasons to avoid
-Flat HDR-Inconsistent backlighting

The Toshiba C350 Fire TV is the 2021 addition to the small family of Amazon-powered smart TVs, offering good features and decent performance for its extremely affordable price. It's a decent example of the Fire TV template, combining good-enough 4K picture quality, impressively short lag times, and Amazon's great Fire TV smart features, like built-in Alexa voice control, a pretty big app store and (of course) an interface that puts Amazon's Prime Video service front and center. With even the largest 55-inch model selling for less than $500 (and likely much less during sales events), it's one of the smartest affordable TVs you can get.

The C350 doesn’t come with the latest bells and whistles, such as HDMI 2.1 or Dolby Atmos support, but it does Dolby Vision and HDR10 — though not very well. But with excellent color accuracy, low lag time and a good looking design, it's still a solid TV for the price, and better than many Fire TV models we've seen in the past.

Read our full Toshiba C350 Fire TV review.

Insignia 4K Ultra HD Fire TV Edition NS-55DF710NA21 review

(Image credit: Insignia)

6. Insignia F30 Fire TV Edition (2020 model)

Another great Amazon Fire TV

Specifications
Available Screen Sizes: 43, 50, 55, 65, 70 inches
Screen Type: LCD
Refresh Rate: 60 Hz
HDMI ports: 3 HDMI, 1 USB
Size: 48.9 x 28.6 x 3.3 inches
Weight: 29.3 pounds
Reasons to buy
+Responsive Fire TV OS+Alexa brings lots of tools and smart home integration+Wide sound
Reasons to avoid
-Less than accurate colors-Poor contrast

Amazon's Fire TV Edition TVs are often the first to go on sale whenever Amazon has a discount event, making them some of the most affordable and popular TVs on the market. But if you want the best Amazon Fire TV, it's got to be the Insignia F30 Fire TV Edition (2020 model). With the 55-inch model selling for $429 at regular price, it's one of the most affordable 4K sets out there. The Insignia also outclasses other ultra-budget TVs with a fair port selection and decent performance, which is more than we can say for many of the other competing cheap TVs.

While it's true that you get what you pay for – the performance isn't top-of-the-line; the gaming support is middling; and the Fire TV platform is a little too Amazon-centric for our liking – it's still a great option for casual viewers, and it's priced to sell.

Read our full Insignia F30 Fire TV Edition (2020 model) review. 

Vizio V-Series (2020 model) review

(Image credit: Vizio)

7. Vizio V-Series (2020 model)

A killer deal any time of year

Specifications
Available Screen Sizes: 40, 43, 50 55, 58, 65, 70, 75 inches
Screen Type: LED
Refresh Rate: 60 Hz
HDMI ports: 3 HDMI 2.1 (1 eARC)
Size: 44.1 x 25.6 x 2.4 inches
Weight: 21.5 pounds
Reasons to buy
+Super affordable price+Good connectivity+Good response for gamers
Reasons to avoid
-Low brightness-Weak audio

If low prices are what you're after, then the Vizio V-Series (2020 model) might be just the budget-friendly 4K smart TV you're after. With exceptional affordability, decent smarts from Vizio's SmartCast software and great gaming capabilities, it's a fantastic bargain, even when it's not on sale – and it frequently is, with steep discounts occurring throughout the year.

A trio of HDMI 2.1 ports deliver gaming-friendly features like auto low latency mode and impressively short lag times of just 13.1 milliseconds. If you want great gaming performance for less, this is definitely the budget gaming TV to get. But keep in mind that this is a 60Hz display, so variable refresh rates and high refresh rates are off the table. And general performance is decent enough, but the brightness isn't great and the audio would benefit from adding a soundbar.

Read our full Vizio V-Series (2020 model) review.

How to choose the best TV under $500

Scoring a TV for less than $500 means giving up some of the nicer features and design touches for a more affordable price. But you can still get some excellent features without blowing the budget. Here are a few things you can still easily find in your price range.

4K resolution: 4K resolution is so affordable, and the quality so much better than 1080p or 720p, that we always recommend going for 4K. Unless you're on a shoestring budget, getting a proper 4K TV won't even save you much money, but you will notice the difference.

Screen size: You may not always be able to score a premium 65-inch TV for under $500, but you can still get a decent 55-inch model, so don't settle for some dinky 43-inch set unless it's the right size for the space.

HDR support: If there's one feature we recommend, it's high dynamic range (HDR). Even basic HDR support provides better color, brighter highlights and richer shadows, giving you a better picture in every respect. If you can find a set with Dolby Vision, that's even better, but you may pay more for that feature.

Connectivity: More HDMI ports are always better, so you don't find yourself having to awkwardly swap plugs on the TV every time you want to fire up a Blu-ray or jump into a game.

Gaming: For affordable gaming TVs, we recommend looking for sets with higher refresh rates of 60Hz, but the latest Xbox Series X and PS5 consoles can actually go higher. Lag time is another concern, so check out individual reviews to find sets that have a lag time of shorter than 20 milliseconds for the best performance. 

What features are worth paying more for?

While budget-friendly TVs are pretty good, there's no denying that spending more will get you some features that you just won't be able to find for less than 500 bucks. If any of the below sound like a must-have for your new TV, consider spending a little bit more.

Screen size: If you're lucky, you will find one or two 65-inch TVs selling below the $500 mark during sales events. And going larger than that will always cost more. If you want something like a 75-inch TV, the only option is to pony up more money.

Picture quality: 4K resolution is great, but today's premium TVs have taken picture quality to new levels of excellence with better color, brightness and contrast, not to mention super-smooth motion handling. If you want the best picture quality, you'll want to consider paying more for technologies like quantum dots, mini-LED and OLED.

Sound quality: Today's budget TVs do a lot of things well, but sound quality usually isn't one of them. We recommend pairing your new TV with one of the best soundbars to get better audio than the tiny speakers crammed into a thin TV chassis could ever produce. 

Interested in a specific TV brand, price range or screen size? Check out our picks for the best TVs in each.

Best TVs | Best 4K TVs | Best smart TVs for streaming | Best TVs for gaming

The best TVs under $1000 | The best TVs under $500

Best TV brands | Best Samsung TVs | Best TCL TVs | Best LG TVs | Best Roku TVs | Best OLED TVs | Best QLED TVs | Best 8K TVs

The smallest smart TVs | Best 43-inch TVs | Best 50-inch TVs | Best 55-inch TVs | Best 65-inch TVs | Best 70-inch TVs | Best 75-inch TVs | Best 85-inch TVs 

Brian Westover
Brian Westover is an Editor at Tom's Guide, covering everything from TVs to the latest PCs. Prior to joining Tom's Guide, he wrote for TopTenReviews and PCMag.