There are plenty of monitors you can get for under $500 with good performance. A few even have useful features, like Mini LED backlighting, high resolutions, USB hubs, or high refresh rates for gaming. However, compared to the rest of the market, most monitors in this price range are considered mid-range and budget options, so they don't have the latest high-end panels, like OLEDs. Luckily, there are options for various usages in this price range with different resolutions and sizes, and there's no perfect solution for everyone.
When looking for a monitor, it's important to consider what you'll use it for, as you would need a different type of monitor for work than you would for gaming. For example, sharp text clarity is important for work, while a fast response time is beneficial for gaming. We test for various aspects of a monitor's performance during our extensive testing with over thousands of individual measurements and useful data to help you make a buying decision.
We've bought and tested more than 345 monitors, and below are our recommendations for the best monitors for under $500. Also, see our recommendations for the best budget and cheap monitors, the best monitors, and, if you're looking for a specific size, the best 32-inch monitors.
The best monitor we've tested that you can get for around $500 is the Acer Nitro XV275K P3biipruzx. It often goes on sale, so it's worth getting when it drops in price close to $500. It offers many more features and better performance than other monitors in this price range. The main advantage is that it has Mini LED backlighting, which helps provide a decent local dimming feature that makes blacks look deep in dark rooms. This is great if you want to sit back and watch videos with good picture quality, and it also delivers a ton of details thanks to its 4k resolution.
It has features for various uses, which is great if you want something for work during the day and gaming at night. One of those perks is its USB-C port, which supports 90W of power delivery and DisplayPort Alt Mode, so you can easily connect a laptop and charge it at the same time. It's also good for gaming, as it has a fast response time and HDMI 2.1 bandwidth to take full advantage of gaming consoles.
While the Acer Nitro XV275K P3biipruzx is great for gaming, if you want the best gaming monitor for under $500 and don't need the most versatile option for other uses, check out the AOC Q27G3XMN. While it costs a lot less than $500, it provides great value, making it a better choice than higher-end and more costly monitors that perform worse. The main advantage of it versus the rest of the market is that it has Mini LED backlighting, similar to the Acer, meaning it delivers good picture quality with deep blacks and bright highlights. It also has a high native contrast ratio with good black levels, even if you don't use the local dimming feature.
It has a fast response time, but there's smearing with fast-moving objects. You can also overclock its 165Hz native refresh rate to 180Hz for a slightly smoother feel. Its 1440p resolution isn't as detailed as the 4k display on the Acer, but it's still good enough for most gamers. It also downscales 4k @ 60Hz signals on consoles, which are slightly more detailed than native 1440p signals.
If you're looking for a more simple entry-level gaming monitor and you don't want the Mini LED backlighting of the AOC Q27G3XMN, you can save some money by looking into the Dell Alienware, which you can get for cheap directly from Dell's website. It has worse picture quality than the AOC, as blacks look gray against bright objects, and highlights don't pop in HDR, so it's a bad choice for HDR gaming. That said, you have to expect this from an entry-level display.
Besides that, it offers sharp motion handling that's consistent over its refresh rate range, and it's better than other entry-level displays for this. This means that fast-moving objects look sharp, and it supports all common VRR formats to reduce screen tearing. Besides that, it's a good choice for gaming in a bright room as it gets bright enough to fight glare and has good reflection handling.
If you aren't a gamer and don't need any of the gaming features of the monitors mentioned above, there are a few work-focused monitors you can get for under $500. The best 4k monitor under $500 for work is the ASUS ProArt Display PA279CRV. While it has the same resolution as the Acer Nitro XV275K P3biipruzx, which is also great for work, the ASUS has a few extra productivity perks. Firstly, it has a bigger USB hub with three USB-A ports and two USB-C ports, so it's easy to connect various devices. One of the USB-C ports supports DisplayPort Alt Mode with 90W of power delivery, which is enough to charge most laptops while you're using them.
This monitor is also a great choice for content creators, as it has different picture modes meant for various color spaces, from the basic sRGB color space to the wider Rec. 2020 space. It's also very accurate in the sRGB color space, so you won't need to calibrate it unless you need perfectly accurate colors.
The Acer Predator X27U bmiipruzx is an OLED gaming monitor that you can often get for around $500. It's better than most of the monitors recommended above, including the Acer Nitro XV275K P3biipruzx, because it has remarkable picture quality with incredibly sharp motion. That said, its input lag is higher than expected with 60Hz and 120Hz signals, which is disappointing for playing reaction-based games.
See our reviewThe Dell U2723QE is a 4k work monitor that competes with the ASUS ProArt Display PA279CRV. It has a few extra features, like a KVM switch and a bigger USB hub, so it's something to consider for multitasking. However, it has worse reflection handling, so it's worse to use in a bright workspace.
See our reviewThe Acer Nitro XV275U P3biipx is an entry-level 1440p gaming monitor with specs and features similar to those of the AOC Q27G3XMN, including Mini LED backlighting. It tends to cost less and is something to consider if you can't find the AOC available in your region, but it has worse motion handling.
See our reviewThe LG 27GP850-B/27GP83B-B is similar to the Dell Alienware AW2724DM as it's another 1440p, 180Hz gaming monitor. The LG performs similarly to the Dell, but considering the LG tends to cost more, it isn't worth getting unless you can find it for less.
See our reviewMar 17, 2025: We replaced the LG 27GP850-B/27GP83B-B with the cheaper Dell Alienware AW2724DM for consistency with other recommendations, and moved the LG to the Notable Mentions. We also replaced the Dell Alienware AW2523HF with the Acer Predator X27U bmiipruzx in the Notable Mentions.
Feb 19, 2025: We replaced the Dell G2724D with the LG 27GP850-B/27GP83B-B because the Dell is hard to find. We swapped the Dell U2723QE with the ASUS ProArt Display PA279CRV between a main pick and a Notable Mention. We also added the Acer Nitro XV275U P3biipx as a Notable Mention. Lastly, we introduced a new format to the article.
Nov 27, 2024: Added the Dell G2724D as the 'Best Cheap Gaming Monitor,' consistent with other recommendations. Removed the Acer Nitro XV275U P3biipx as a Notable Mention, as it's now mentioned in-text.
Sep 06, 2024: We renamed the Dell U2723QE to the 'Best 4k Monitor Under $500 For Work' and moved the ASUS ProArt Display PA279CRV to the Notable Mentions to better represent what people are looking for. In the Notable Mentions, we added the Acer Nitro XV275U P3biipx and replaced the ViewSonic XG2431 with the Dell Alienware AW2523HF because the Dell has a higher refresh rate.
Jun 19, 2024: Removed the Gigabyte M34WQ as it's hard to find, and added the ASUS ProArt Display PA279CRV as 'Best For Editing' to provide another option. Replaced the LG 27GR83Q-B with the AOC Q27G3XMN for consistency with other recommendations. Removed the Dell Alienware AW2723DF as a Notable Mentions as it isn't an alternative to the AOC.
Our recommendations are based on what we think are the best monitors for less than $500 currently available. They're adapted to be valid for most people. The rating is based on our review, factoring in price and feedback from our visitors.
If you'd prefer to make your own decision, here's the list of all our monitor reviews that you can get for around $500 or less. Be careful not to get too caught up in the details. Most monitors are good enough to please most people, and the things we fault monitors on are often not noticeable unless you really look for them.
What do you think of our picks? Let us know below.
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We’ve just released a new video that mentions the Dell Alienware AW2523HF and Acer Nitro XV275K P3biipruzx here.