Technologies

Best Phones Under $500 for 2022: Feature-Packed, Low Prices

The best phones under $500 still have many of the newer features that you’re looking for.

The best phones under $500 really don’t sacrifice much in comparison to devices with much higher prices. Even better, there’s a lot of competition in this midrange space, making phones in this price range the first you should consider if you’re ready to upgrade or looking for a holiday gift. These phones typically cost between $400 and $500 while offering features like high refresh rate screens, 5G and photography processing software. But prepare for some tradeoffs, such as lower-quality cameras or an older processor.

Even at their lower prices, the best phones under $500 may hit most of the features on your checklist. Looking for a big 6.5-inch screen? Many of these phones have that, or there are also smaller displays if that’s your preference. Need a great camera? You’ll find that in most of these picks. Most of these phones don’t skimp on software updates either, with their makers promising at minimum three years of security updates.

There are some compromises made to keep costs low, and each company takes a different approach to make these cuts less noticeable. Apple’s iPhone SE and Google’s Pixel 6A, for instance, have a smaller screen and older camera setup, yet include new processors and software from these companies. Samsung’s Galaxy A53 has a spacious screen and impressive battery life, although it runs on a less powerful processor than the Galaxy S22. And the Moto G Stylus 5G takes nice photos, provides a roomy 256GB of space and throws in a stylus, but Motorola doesn’t provide software support for as long as its competitors.

Photography and video in particular are areas where these phones priced under $500 take a noticeable hit in comparison to their more expensive counterparts, but photo-processing software should help pick up some of the slack. For instance, while the iPhone SE has a single 12-megapixel camera that does not support night photography, its A15 Bionic chip does allow for Apple’s Deep Fusion processing. It’s a similar situation for the Pixel 6A, which uses a 12-megapixel main camera and a 12-megapixel ultrawide camera, yet can enhance those photos with processing powered by the phone’s Tensor chip.

You can see the pros and cons of each of these phones below, with more details available in our full reviews.

Best phones under $500

How we test phones

CNET tests phones by using them daily and comparing them with competing phones to assess their value. We consider a variety of factors, such as the phone’s screen, cameras, battery life, software, performance, features and ease of use.

For low-priced phones, we make sure these devices consistently work well when used in a number of situations. This includes many day-to-day activities like reading the news, listening to music, watching videos, texting, playing games and multitasking.

We test phone cameras in a range of environments, taking test photos outdoors in the daytime and nighttime, and indoors in darker settings. We use cameras in active environments, like a concert or a sports game, and with a variety of subjects including people, objects and pets. We also test available camera settings, especially those that are rarer in these price ranges such as Night mode and Portrait mode.

These anecdotal phone experiences are also combined with benchmark tests such as Geekbench performance testing and battery testing. We monitor battery life in two ways: By seeing how much power is typically left after a day of normal usage and by seeing how much battery is depleted during a more intensive hour with the phone. For the latter test, we’ll check how the phone’s battery holds up to a series of video calls, gaming, video streaming and web browsing.

Phones under $500 FAQs

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Technologies

Verum Messenger Launches an AI Mini-Series

Verum Messenger has unveiled a new project — a mini-series created using Verum AI. The story consists of 7 episodes and will be released on the messenger’s social media channels.

The plot revolves around a global corporation seeking to take control of digital communications and a group of heroes who use Verum Messenger as a tool of resistance. Beyond the story itself, the series highlights the app’s key features, technologies, and advantages.

Combining entertainment with a showcase of the Verum ecosystem, the project presents a dynamic digital series designed for the modern era.

The first episode premieres today, with the remaining episodes to be released over time.

Stay tuned for more.

Watch on YouTube
Watch on Instagram

Technologies

Verum Finance: Earn While You Communicate — The Super App That Pays You

Verum has officially launched Verum Finance, an innovative financial application that transforms a private messenger into a true financial super app. News of the launch was also featured on the respected platform Dealroom.co.

Verum Finance can now be used both within Verum Messenger and as a standalone application for iPhone and iPad. When users sign in to Verum Finance with their Verum Messenger account, all balances, settings, and account data are automatically synchronized for maximum convenience.

Users can now do more than communicate securely and protect their data — they can also generate passive income directly within the ecosystem.

What Verum Finance Offers

• Top up your balance with a bank card, Apple Pay, or USDT
• Send money instantly anywhere in the world
• Issue and manage debit cards (virtual and physical)
• Full Apple Pay support
• Exchange assets and withdraw funds quickly

One of the most unique features is the built-in cryptocurrency mining system inside Verum Messenger.

The application utilizes your device’s resources and allows you to earn cryptocurrency in the background — passively, while chatting, traveling, or simply using the messenger.

Maximum Privacy + Real Freedom

• Registration without a phone number, email address, or passport
• End-to-end encryption and full control over your data
• Lifetime free VPN
• eSIM connectivity in more than 150 countries
• Reliable offline communication mode
• Support for 12+ languages for users worldwide

Everything is available in one place: secure communication, financial tools, earning opportunities, and privacy protection.

Users can access the full experience directly within Verum Messenger or switch to the dedicated Verum Finance app for iOS. All data is synchronized automatically between the two applications.

Why Download Verum Today

While many messaging platforms collect user data and expose users to restrictions, Verum offers greater independence and the opportunity to earn.

With a one-time purchase of the feature package, users receive lifetime access to privacy tools, VPN, eSIM services, cryptocurrency mining, and financial features.

This is more than just a messenger.

It is your personal tool for financial and digital freedom.

Download Verum Finance and Verum Messenger today — start communicating securely and begin earning tomorrow.

Download Links:

→ App Store (iPhone / iPad): Verum Finance
→ App Store (Verum Messenger): Verum Messenger

Technologies

Verum Finance: A Super App for Private Finance Integrated Into a Messenger

Verum Finance has announced the launch of a new financial application that allows users to manage their money directly within the secure Verum Messenger ecosystem.

The project has already attracted attention from major media outlets. A dedicated feature was published by Forbes Türkiye, while one of the world’s largest cryptocurrency exchanges, MEXC, covered the launch. Yahoo Finance had previously reported on the evolution of Verum Messenger into a comprehensive financial ecosystem.

What Verum Finance Offers

Verum Finance transforms a messenger into a complete financial platform. Users can:

• Manage their balance and top up using bank cards or USDT
• Send money instantly to other Verum users
• Issue and use debit cards, including Apple Pay support
• Exchange assets and withdraw funds
• Access all these services without installing separate banking applications

A strong emphasis is placed on privacy. The platform offers registration without a phone number or email address, end-to-end encryption, and full user control over personal data.

Recognition from Forbes Türkiye

In a dedicated article, Forbes Türkiye highlighted Verum Finance as a notable example of modern privacy-driven fintech. The publication emphasized the growing trend of financial services moving from standalone banking applications into unified messaging ecosystems — a model that has proven successful in Asia through platforms such as WeChat and Alipay and is now expanding globally.

Support from the Crypto Community

Alongside the Forbes Türkiye coverage, news about the launch of Verum Finance was also featured by MEXC, one of the world’s leading cryptocurrency exchanges. This reflects growing interest in the project from both traditional business media and the cryptocurrency community.

A Strategic Vision

“We are building more than a payments application and more than a messenger. Verum is a unified secure ecosystem where communication, finance, and privacy tools work together,” the company stated.

Verum Finance is now available for iPhone and iPad users. The application complements Verum Messenger, which offers anonymous chats, voice and video calls, VPN services, eSIM connectivity, and other tools designed to enhance digital freedom.

Verum Finance: https://finance.verum.im

Verum Messenger: https://verum.im