Best Budget Electric Bike 2024-Affordable ebike 2024

As with the increase in inflation around the world, everyone wants a cheap ride. Though, the bike is considered an affordable ride to the round city trip. But, some bikes are a bit expensive, and not suitable for everybody. So, it’s necessary to have the best budget electric bike 2024 with all of its amazing features.

A decade ago, bikes were bulky, ordinary, and expensive. Additionally, bikes’ spare parts and maintenance are too much costly and also have a little battery time. But, modern technology brings a stunning revolution in this field, and now one can find lightweight, attractive-looking, and more durable bikes at a reasonable price.

Apart from a decent price, the bike should be lightweight and equipped with some useful modern features. Our team tried a number of bikes, and after deeply analyzing features, specifications, and cost, we enlist some best budget e bike 2024. 

Furthermore, while purchasing a bike one must think about his requirements as well. Whether he needs a bike for a paved road, or for mountains, for a city trip, or for a long journey. After going through this review, you will surely find the best electric bike at a reasonable price.

Best Budget Electric Bike 2024-Top 7 Bikes Reviews

Following is the list of the Top 7 Best budget electric bike 2024

ImageProductDetails  Price
backpacSwagtron Swagcycle EB-5-Affordable Ebike 2024Brand Name

‎34.9 x 24.5 x 14.5 inches

‎Aluminum alloy
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backpacSwagtron EB-6 Bandit E-Bike 350W MotorBrand Name


Item weight
‎48.5 Pounds
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backpacHITWAY Electric Bike for AdultsBrand Name

‎57.87 x 24.02 x 43.31 inches

Gray-500W 8.4Ah

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backpacGoplus 20” Folding Bike, 7 Speed Shimano GearsBrand Name

Frame Material
‎Alloy Steel, Aluminum
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backpacECOTRIC Cheetah Electric Bike 26″ X 4″ Fat TireBrand Name

Frame Material

Orange (The battery is UL certified)
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backpacANCHEER City Electric BikeBrand Name

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backpacSchwinn Loop Adult Folding BikeBrand Name


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1-Swagtron Swagcycle EB-5-Affordable Ebike 2024

If you are looking for a smart, compact, easily portable cheap bike, then EB-5 is just the perfect solution. As a campus commuter or city office employee have to travel daily. Swagtron Swagcycle gives a more comfortable riding position to make the trip cozy.

Swagtron Swagcycle EB-5-Affordable Ebike

Although, this bike is recommended for kids because of its small size. But adults can also enjoy the ride due to the height-adjustable seat and handlebar. That makes this bike versatile for people of different ages and heights.

It’s equipped with a 250-watt motor and 36V 7.8 Ah Lithium-Ion battery. A battery takes only a few hours to fully charge. Once it’s full charge, can easily travel up to 15.5 miles with a single charge.

Most importantly, EB-5 is pre-assembled and you don’t need to bother about assembling. Its foldable aluminum alloy frame is nice looking and durable. Apart from the frame, the foldable handlebar and pedals make it more compact and easy to hold.

So, one can balance their sitting position

n while adjusting his seat. Moreover, the 360-degree handlebar rotation provides more ease while riding a bike. EB-5 has overall dimensions are 49.2 x 14 x 34.9, folding its dimensions will reduce it to 26 x 15.6 x 23.6.

In folding condition, you can easily place it into the car, on subways, and in any other spot. Its lightweight and versatile folding setup allow one to move it with him everywhere. 

Air-filled 14 inches smart rubber tires help to run it at 15.5 miles per hour at full throttle power. Its most powerful brakes provide extra safety and road grip even if you stopped it suddenly at high speed. Surely, Swagtron EB-5 is the best budget electric bike 2024.


  • Foldable and easily portable
  • Lightweight
  • Adjustable seat and handlebar
  • Good battery life at a single charge
  • Brakes provide enough grip


  • Not good for off-road terrains
  • Only can withstand 264 pounds weight

2-Swagtron EB-6 Bandit E-Bike 350W Motor:

Swagtron EB-6 is another exciting product from Swagtron that brings all the stunning features for commuters. No matter whether you want to ride, it’s a flat path, terrain, mud, or road full of dirt EB-6 never disappoints you. 

Swagtron EB-6 Bandit E-Bike 350W Motor

The 4 inches tires firmly mounted on the 20 inches rims make it more powerful and stable while riding. With its fat tires, one can enjoy riding everywhere down the city or up the mountains without putting in extra energy. Tire pressure is 20 PSI | 1.4 BAR.

Furthermore, the availability of both pedals and motor assist rides allows one to choose the right option at a time. So, one can use pedaling for exercise or can go with the motor when he wants to relax on the way. It can easily bear 264 pounds weight.

Additionally, a powerful 350-watt motor provides a very smooth ride with a decent speed of 18.6 miles per hour or 30 km/h. Climbing is just fun with its dynamic throttle, one can easily climb up to 25 inclines without any bother. So, weaving up the hills and talking to the clouds with EB-6, and makes your day exceptional.

Once you fully charge its removable 36V 7.8 Ah Lithium-Ion battery, you can easily travel up to 20 miles. It just takes less than 5 hours to charge it. Most importantly, one can remove and charge its battery anywhere he wants.

Among all the above outstanding features, remarkable Shimano SIS 7-speed gear shifting with the Shimano MF-TZ21 freewheel makes the riding extremely simple even at terrains. EB-6 has overall dimensions of 67.30 x 22.50 x 37.80 inches.

While looking at its amazing features with great versatility, you can say it’s one of the best EBike for 2024. 


  • Fit for paved, off-road, terrains, and mountains
  • Removable Battery
  • Decent speed of 30km /h
  • Fat Tires 


  • Not good for tall youngsters

3-HITWAY Folding Electric Bike for Adults:

I had tried a number of bikes but the outstanding features and comfortable ride of HITWAY make me the lover of this bike. Attractive-looking green-colored hitway is manufactured by an alloy of magnesium and aluminum that makes it durable and long-running.

HITWAY Electric Bike for Adults

Apart from the eye-catching look and reliability, its quick folding mechanism is just phenomenal. The lightweight HITWAY seat, handlebar, pedal, and frame can be easily foldable. Additionally, the rapid folding of its components just converts it into a compact one to carry anywhere.

Its front wheel is equipped with suspension and its rear with a shock absorption system. That’s why it runs fluently whether its a mud, off-road, or terrain. Furthermore, the 16 inches vacuum wheel provides extra grip and control on the uneven paths.

Moreover, for extra protection to the riders, there is the most prolific dual braking system. Both front and rear wheels have disc and electronic braking systems that simply jam the tires without slipping. 

To make the journey more comfortable, it’s furnished with LED head and tail lights. So, one does not need to bother about his safety at all.

The 36V 7.5 Ah Lithium-Ion Batteries and 250-watt motor produce enough power to ride the bike at 15.5 miles per hour without any distortion. A battery takes 4-5 hours to fully charge, and one can travel up to 28 miles in assisted riding mode at a single charge.

At the original position, its length is 57.87 inches and its height is about to 43.3 inches. But after folding it is just 30.31 inches long with 27.56 inches high. So, you can easily place it into the car’s trunk.

HITWAY has a total item weight of 49.6 pounds. It can easily bear up to 265 pounds loads. After taking a lot of rides and deeply analyzing its features. I find this bike is the best budget electric bike 2024.


  • Best for both kids and Adults
  • Easily portable
  • Battery time is superb
  • The dual-disc braking system is exceptional
  • Both front and rear LED lights provide safety


  • Not fit for High mountains
  • Not too fast

4-Goplus 20” Folding Bike, 7 Speed Shimano Gears:

Here comes the cheapest bike in our collection. Yes, it’s cheap if talk about the price, but not in its features at all. The use of steel and aluminum in its manufacturing makes it durable and long-lasting. U-shape crossbar structure gives a unique and simple look to the bike.

Best budget e bike 2024

The 7-speed Shimano Gears provide decent speed with less effort. Furthermore, the rear derailleur makes the ride smooth and allows commuters to change speed instantly without any fluctuation. The heavy-duty stainless steel gearing system is completely rust-free and long-running.

Besides, you can adjust the seat and handlebar according to your comfort level quickly. A seat can easily be fixed between 25 inches to 36 inches, and handle adjustment can be made anywhere between 40.5 inches to 46 inches. These phenomenal adjustments provide an extra comfort level to the riders.

Moreover, the outstanding braking system allows commuters to float around the city without bothering about safety. The inclusion of V-style power brakes makes it easy to jam the bicycle sharply whenever you want.

Though, its overall dimensions 59” x 22.5” x 46” are relatively large. However, after folding it reduces to 32.5” x 12.5” x 24” inches. In folding condition, one can easily hold it and take it with him because of its lightweight.

Goplus is almost 98% assembled, So within a few minutes, you can fix it according to your own requirements. Its weight is just 32 pounds, and it can easily withstand 180 pounds. 

Its amazing features, reasonable price, and durability make it best suitable for one not has too much money. While purchasing this, one can enjoy the fluent and fast ride.


  • Lightweight and foldable
  • Easily portable
  • Durable and long-lasting
  • 98% Pre-Installed


  • Not Good for terrains

5-ECOTRIC Electric Bike 26″ X 4″ Fat Tire:

The most eye-catching ECOTRIC looks like the queen because of its beauty. Apart from its gorgeous shape and eccentric design, it has some powerful features as well. To weaving up the mountains, this cheap electric bike 2024 is just stunning. 

ECOTRIC Cheetah Electric Bike 26 X 4 Fat Tire

This versatile ECOTRIC bike can be used at 4 different working modes. Pedal-assist mode working is very simple and efficient, while pedaling the bicycle motor also provides some assistance at this mode. 

In fully electric mode, just need to rotate the throttle to increase and set the motor power that you want.

Pedal mode demands some effort to pedal the bicycle and is best for body exercise. Last but not least, booster mode will boost up the bicycle to 6 km/h with an easy push.

Along with some interesting working modes, this best budget electric bike 2024 is equipped with a powerful 500-watt brushless motor. This strong motor allows the commuters to run the bike up to 23 miles per hour.

Furthermore, the 36V 12.5Ah large capacity removable Lithium-Ion battery amuse the rider with its large range. With a single charge, it can easily travel up to 25 miles while riding in fully electric mode. In all other modes, it can cover 40 miles distance quite easily.

Besides, the battery is protected with multiple protection like overcharge, overcurrent, overvoltage, temperature, and short circuit protection. So, it’s totally safe for a long journey. LCD display meter keeps you aware of the charging left in the battery.

Its gigantic 26 x 4 inches fat tires are superb for all kinds of roads. It doesn’t matter you have to travel on mountains, on paved roads, terrains, muddy or snowy tracks ECOTRIC is just splendid everywhere. Additionally, for bumpy roads and uneven tracks, it’s equipped with a front fork shock absorption.

Shimano 7-speed gear mechanism with the highly efficient braking system provides more control and safety to the commuters. This best budget ebike 2024 has overall dimensions of 67.50 x 23.50 x 43.30 inches. Surely, you will love to have this bike in your garage.


  • Versatility, Good for all kinds of roads and riding conditions
  • Wide and Fat Tires for a smooth ride
  • Long battery time
  • Multiple working modes
  • Powerful motor 
  • High speed with fluency


  • Relatively heavyweight
  • Not Foldable

6-ANCHEER Folding Electric Bike: (Best Cheap Electric Bike 2024)

As you know, ANCHEER always introduces some exciting products to customers. Here is another elegant one, that will surely boost up the riders with its amazing performance. Due to its relatively small size and comfortable riding position, it’s also considered the best women’s electric bike for 2024.

ANCHEER City Electric Bike

When ANCHEER runs on the road it looks like a dolphin swimming in the sea. Asides from its stylish and compact design smart app technology make it special.

Smart App allows setting up multiple things like mileage and time recording, motor locking, etc. By setting these parameters it starts self-checking in case of any fault in the E-bike. Furthermore, cruise control makes it more simple to control the bike speed without twisting the throttle.

Moreover, the modern waterproof technology IPX5 provides extra protection that allows the rider to enjoy a rainy ride. Its Bluetooth system only supported android 4.3 / IOS or above.

ANCHEER Folding bike is equipped with a 350-watt motor that speeds up the bike up to 15 to 17 miles per hour. Additionally, the installation of a 36V 12Ah battery helps to ride the bike at a distance of 15 miles on a single charge.

ANCHEER 12 inches aluminum alloy frame is not only durable but also gives gorgeous look to the bike. This bike can be easily folded and placed into the car’s trunk to move anywhere.

Additionally, this best cheap e bike 2024 has only 36 pounds of weight. So, one can easily carry it and take it any way he wants. It is almost 85% assembled while shipping. Do not need to bother a lot about assembling, you can find assembly videos that include each and every step.

The use of smart technology and stylish design with a powerful battery and superb gearing mechanism makes this bike absolutely perfect for adult commuters.


  • The beautiful and compact design produces a fluent ride
  • Smart technology controls everything 
  • Cruise throttle
  • IPX5 waterproof technology provides great safety
  • Foldable and easily portable


  • Not good for mountains and bumps

7-Schwinn Loop Adult Folding Bike:

If you have the plan to buy a decent ride at a reasonable price, then no one can beat Schwinn Loop Adult. Lightweight and affordable Schwinn make it simple for everyone to float freely everywhere. 

Cheap electric bike 2024

Furthermore, superb-looking aluminum step-through frame with an adjustable seat provides more comfort while riding. The adjustable seat makes riding possible for riders having a height of 56 to 74 inches tall. Apart from that, 20 inches alloy wheels are not only durable but also give a smooth ride even in bumps and off-road.

Its also equipped with a rear cargo rack to carry some valuable stuff or groceries. Unlike some other bikes, Loop Adult has a storage bag made with nylon. So, you can keep your bike in this bag after folding it. That’s how one can easily protect the bike from all kinds of dust and rust.

The folding mechanism is very simple and quick which helps to carry the bike without putting in too much effort. Moreover, the 7-speed twist gear shifter provides a smooth ride without lacking. The inclusion of front and rear linear-pull brakes gives quick stopping without any sliding.

The availability of both front and rear plastic fenders keeps all kinds of debris, dirt, and mud away from clothes. Its overall features at a low price make Schwinn Loop is one of the best folding bikes.


  • Lightweight 
  • The folding mechanism is very simple
  • Compact after folding and easily portable
  • Nylon storage bag 
  • Decent features at a reasonable price
  • Equipped with rear cargo rack


  • Not good for long rides
  • The handlebar is not adjustable

Frequently Asked Questions:

1-What are the advantages of the electric bike over a simple bike?

Though simple bikes do not cost too much they do have not many features as electric bikes. It does not matter where you want to ride. An electric bike is equally superb in all road conditions and in all kinds of weather. 

One can enjoy a ride up the hills, in sand dunes, or in off-road terrains, e-bike does not disappoint at all. Apart from that, it saves your energy from pedaling while doing more work via an electric motor. Furthermore, an electric bike is eco-friendly and also much faster than other bikes. While considering these benefits people are mostly looking for the best budget eclectic bike 2024.

2-Is an electric bike provide enough exercise to the body?

The availability of different riding modes makes an electric bike more versatile. Fully electric mode totally uses motor energy to run the bike. So, it provides relaxation to the rider. 

On the other hand, pedaling assist mode required the rider’s energy to move the bike. It takes much effort and gives some good exercise to the rider. Due to its versatility, an electric bike is recommended for most riders.

Final Verdict:

Though, we include cheap e-bikes in our list of the best budget electric bike 2024. But, at the same time, we also keep in mind some key features while selecting bikes. Apart from low prices, bikes here are durable and perfect for all kinds of road and weather conditions.

So, you can choose any Ebike for 2024 without hesitation. While purchasing one, you must think about your riding requirements. After going through this review, one surely finds the perfect one at a reasonable price for him.

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