Best Used Electric Guitars Under $500

Under $500 — Updated April 2026

The $500 price point is the sweet spot for used electric guitars. You can find professional-quality instruments from Fender, Gibson, PRS, and Ibanez that originally sold for $800-$1,500 new. Used guitars in this range have typically been broken in — the neck feels smooth, the frets are worn just right, and the tone has matured.

At this price, look for Mexican-made Fender Stratocasters and Telecasters (MIM), Epiphone Les Paul Standards, PRS SE models, and higher-end Ibanez RG and S series guitars. These are workhorse instruments used by gigging musicians worldwide.

When buying used, always check the neck relief, fret condition, and electronics. A guitar with worn frets might need a $200 refret, which eats into your savings. Look for guitars described as "excellent" or "very good" condition — these typically need nothing beyond a fresh set of strings.

Pro tip: Set up a price alert on Treblemakers for your dream guitar. Used prices fluctuate weekly, and patience often saves you $50-$100.

Buyer's Checklist

  • 1Check neck straightness — look down the fretboard for warping or twist
  • 2Inspect frets — look for deep grooves, flat spots, or green corrosion
  • 3Test all electronics — toggle switch, volume, tone knobs, pickup selector
  • 4Check the truss rod — make sure it turns freely (not stripped)
  • 5Look for cracks near the headstock, especially on Gibson/Epiphone models
  • 6Verify the serial number matches the seller's description of year/origin

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