Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance

Written by Steve M. Ford

Are you looking for the best magnetic spin bike under $500? You’re in the right place.

When looking for a home gym equipment that “works,” a spin bike is easily one of the best options available. Besides being an affordable option, it’s also highly effective and provides the body with a full workout, targeting every muscle group in your legs and upper body. You can burn over 500 calories in as little as one hour. This makes the spin bike preferable over other exercise bikes when it comes to shedding weight or staying in shape.

While different types of resistance exist for a spin bike, most fitness experts agree that magnetic resistance is the best option. And this is simply because it offers the most convenience and customization to users. Being frictionless also means that it produces the least noise and doesn’t require much servicing.

While they’ve been growing in popularity in recent years, magnetic spin bikes are still relatively new in the world of indoor cycling. And just like any other market, there’s a parallel of what is good as well as what is awful. In a bid to help you avoid what is awful, our team has created this list to help you choose a spin bike you’ll be proud of.

Best Magnetic Spin Bike under $500: Comparison Table

Pick Name Thumbnail Product Name Price
01. Editor’s Choice Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 1 Circuit Fitness Recumbent Magnetic Exercise Bike Check Price
02. Best Quality Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 2 Sunny Health & Fitness Magnetic Belt Drive SF-B1805 Indoor Cycling Bike Check Price
03. Best Rated Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 3 Exerpeutic Folding Magnetic Upright Exercise Bike Check Price
4th Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 4 Chaoke Magnetic Indoor Cycling Bike Check Price
5th Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 5 Joroto Belt Drive Magnetic Resistance 300 Lbs Weight Capacity Indoor Cycling Bike Check Price

Our Top 5 Best Magnetic Spin Bike under $500

Without wasting any more time, let’s explore the top five best magnetic spin bikes currently available in 2023.

01. Editor’s Choice: Circuit Fitness Recumbent Magnetic Exercise Bike

Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 6
Released in 2019, the Circuit Fitness AMZ-587R is an affordable recumbent bike that packs a lot of features you will typically find in more expensive models. Some of these include a robust construction, magnetic resistance, cushioned backrest, digital console, preprogrammed workouts, and the likes. While it’s primarily targeted towards home cyclists, it compares favorably with light-commercial models in terms of performance and functionality.

Starting with the construction, the bike features a heavy-duty frame made of wide steel tubing. These include oval, cylindrical, and rectangular tubes that are combined to make it more sturdy and attractive. On top of the steel is a paint finish that is resistant to corrosion, chipping, and abrasion. This applies to all the steel parts.

The machine is also outfitted with steel stabilizers on both bases for extra stability and to prevent wobbling. The adjustable stabilizers are also fitted with rubber end caps to conceal them. There are also ABS covers on the drive system, console, and some parts of the frame.

With regards to capacity, the bike can conveniently support up to 300 pounds weight. The overall dimensions are 55″(L) x 25″(W) x 48.5″(H), which is not too large compared to some home gym equipment. You would need 1-2′ clearance around the bike for easy access. The unit also features transport wheels at the front base and a lifting handle at the rear. This makes it easier to transport for storage.

Besides the steel stabilizers, there are also levelers attached to the rear base for balancing the bike on uneven surfaces.

We also like the step-through design of the frame, which allows you to take your seat on the bike without any struggle. It also makes it easy to step out of the bike. This works well even for people with certain disabilities.

Some other notable features of the bike include an LCD console with 15 workout programs, eddy current resistance, a contoured seat with padding, two sets of handlebars with soft rubber foam coating, and a belt drive system.


  • Brand: Circuit Fitness
  • Workout programs: 15
  • LCD screen: Yes
  • Heart Rate Monitor: Yes
  • Color: Black
  • Overall dimensions: 55″(L) x 25″(W) x 48.5″(H)
  • Resistance mechanism: Magnetic
  • Materials: Alloy steel, aluminum, plastic
  • Maximum weight capacity: 300 pounds
  • Resistance levels: 32
  • Adjustable seat: Yes
  • Adjustable handlebars: No
  • Drive system: Belt
  • Transportation wheels: Yes

What We Liked

  • Excellent quality
  • Large, comfortable seat with padding
  • Pedals have adjustable straps for different foot sizes
  • Smooth and quiet ride
  • Heavy-duty construction
  • Adjustable levelers
  • Fairly easy to assemble

What We Didn’t Like

  • The handlebars are not adjustable.
  • The console is not telemetric and cannot be connected to an online app.

02. Best Quality: Sunny Health & Fitness Magnetic Belt Drive SF-B1805 Indoor Cycling Bike

Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 7
When looking for affordable exercise bikes, Sunny Health & Fitness is a name that often pops up. The SF-B1805 is undeniably one of the best offerings so far. It comes with many cool features that make it an excellent bargain for the price.

First, we have the heavy-duty, 44 pounds flywheel, which is on the heavy side. Being heavier translates to more momentum, which is needed for a challenging workout such as high-intensity cardio training. It also results in a smoother ride.

Even more, the bike is belt-driven, so you can expect a quiet ride (except for some humming noise, which can be ignored).

As expected, it uses magnetic resistance, which ensures you get a riding experience similar to a road bike. The magnets do not come in contact with the large flywheel, so there’s no wear on the pads or any rubbing noise. As a result, very little maintenance is needed.

The flywheel is exposed, which allows you to see it at work. While some might find this appealing, we would have preferred if it was covered to prevent corrosion from sweat drippings. To avoid this, we advise wiping it down after a demanding workout.

Unfortunately, the bike doesn’t have a console, so there’s no way to tell your resistance “level.” You need to “feel” it to estimate the resistance, and whenever you feel like increasing the intensity, you can do so via the resistance knob.

With regards to the build quality, the bike features a durable steel frame that can accommodate users weighing up to 300 pounds. This is pretty robust and quite impressive for a budget spin bike. Also consolidating the heavy-duty frame are the stabilizing bars and solid base. So, the machine is very reliable for high-intensity workouts.

You can adjust both the seat and handlebars to different positions, making it adaptable to various users.

Overall, we are impressed with the quality of the bike. It might not be the most sophisticated model out there, but it’s definitely worth the price.


  • Brand: Sunny Health & Fitness
  • Flywheel: 44 pounds
  • Color: Black
  • Dimensions: 48″(L) x 23″(W) x 45″(H)
  • Weight: 125.7 pounds
  • Resistance mechanism: Magnetic
  • Material: Alloy steel
  • Maximum weight capacity: 300 pounds
  • Drive system: Belt
  • Adjustable seat: Yes (4-way)
  • Adjustable handlebars: Yes (4-way)
  • Console: No

What We Liked

  • Micro-adjustable resistance
  • Robust construction
  • Heavy flywheel
  • Adjustable seat and handlebars
  • Comes with a tablet holder
  • Steel pedals with quality adjustable straps

What We Didn’t Like

  • No console

03. Best Rated: Exerpeutic Folding Magnetic Upright Exercise Bike

Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 8
Moving on, we have the Exerpeutic 1200 – an upright magnetic bike that is designed for small spaces. The major selling points are the foldable design and pulse function. When folded, it shrinks to nearly half of its original footprint. This makes storage easier, especially when you have very limited space. It will fit in a closet or even under a bed.

Design-wise, the bike has a solid steel x-frame that can accommodate up to 300 pounds of weight, which is quite impressive for its price. Most entry-level exercise bikes don’t offer that much.

The drive system is belt type which ensures smoother and quieter rides and reduces maintenance.

It will interest you to know that the weight is only 39 pounds. This, combined with the transportation wheels, makes it very easy to move to different locations and to storage. The bike also comes with extended leg stabilizers to prevent any tip over while you’re using it.

In terms of noise, the Exerpeutic 1200 is on the quiet side. And this is because it uses a V-belt drive and a precision-balanced flywheel. So, you can watch TV, listen to a song, or even read a novel while working out on the bike. And you won’t have to worry about disturbing neighbors.

Another feature we love is the large LCD screen which displays valuable information about your workouts. These include time, calories burnt, distances covered, pulse, and current speed. Interestingly, the bike also comes with built-in sensors to monitor your heart rates and pulse. This is something obviously lacking in many similar models. These sensors are located in the grip or handlebars.


  • Brand: Exerpeutic
  • Color: Grey
  • Dimensions: 31″(L) x 19″(W) x 46″(H)
  • Weight: 39 pounds
  • Resistance mechanism: Magnetic
  • Material: Alloy steel
  • Maximum weight capacity: 300 pounds
  • Drive system: Belt
  • Console: Yes (LCD)
  • Resistance levels: 8
  • Transportation wheels: Yes
  • Adjustable seat: Yes

What We Liked

  • Very quiet
  • Compact and lightweight
  • Solid construction with durable steel frame
  • Easy to setup
  • Adjustable seat
  • Great for beginners
  • Comes with transport wheels

What We didn’t Like

  • Not suitable for intense workouts

04. Chaoke Magnetic Indoor Cycling Bike

Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 9
The CHAOKE indoor cycling bike is another wonderful option for homeowners who want a quiet and efficient bike. One of its major highlights is a wide base which provides users with more stability. So whether you want to ride for leisure or race along from the comfort of your living space, the machine will bear you comfortably.

The quiet operation can be attributed to the belt-driven system, while the magnetic resistance enables smooth pedaling. You can tweak the resistance as you exercise or increase the intensity when you’re ready for a new challenge.

Like most high-end models, the bike features a clear LCD monitor that records important metrics such as your pulse, time spent, distance covered, calories burned, and your current speed. This can be very helpful in assessing your progress at every point as you work towards your fitness goals. However, the console is quite small and basic, with just one navigation button. It isn’t telemetric either, so you can’t use it with a wireless HR chest strap. You need to grasp the contact grips for it to show your pulse data.

We were impressed to see that the bike featured both a water bottle holder and a tablet holder. So you can use your device and maintain proper hydration while working out.

Construction-wise, the bike features a sturdy steel frame with an anti-corrosive coating. It also has stabilizers with adjustable levelers, which allow you to balance the machine on uneven surfaces. There are transport wheels on the front, so moving it around shouldn’t be an issue.

The handlebar is two-way adjustable, while the seat has four-way adjustment. So, the bike can be customized to suit different users. The seat is quite wide and has better cushioning than most average spin bikes. There’s a groove right at the center for air permeability and extra comfort. That said, if you don’t find it comfortable enough, you can use a gel seat cover.

The pedal system is toe-caged and features adjustable safety straps.


  • Brand: CHAOKE
  • Color: White
  • Resistance mechanism: Magnetic
  • Material: Alloy steel
  • Maximum weight capacity: 300 pounds
  • Drive system: Belt
  • LCD Console: Yes
  • Transportation wheels: Yes
  • Adjustable seat: Yes
  • Adjustable handlebar: Yes

What We Liked

  • Battery-powered console
  • No serious maintenance is required
  • Heavy flywheel (37 pounds)
  • Comfortable seat cushion
  • Solid construction
  • Reasonably priced

What We Didn’t Like

  • Small console screen (very basic)

05. Joroto Belt Drive Magnetic Resistance 300 Lbs Weight Capacity Indoor Cycling Bike

Best Magnetic Spin Bike under $500: 5 Budget Spin Bike with Magnetic Resistance 10
Last but not least, we have the JOROTO X2 – a professional cycling trainer with belt drive and magnetic resistance.

Being a magnetic bike means the bike is super quiet, making it perfect for a home gym. You don’t have to worry about disturbing your family or neighbors. The resistance system consists of seven magnets with a multi-control switch that allows you to increase or decrease the intensity of your workout.

With the belt drive system, you can expect a smoother ride and less maintenance. The bidirectional flywheel also helps to provide more stability and consistency. The flywheel is made of solid steel and comes with an aluminum cover.

The bike also features a functional digital monitor that displays your stats. These include time, distance, speed, and the amount of calories burned. This enables you to measure your progress and helps to keep you motivated. Close to the monitor is a multi-functional holder that consists of two triangular supports and two groove-holders. This provides support for various items, including your tablet, phone, water bottle, hand weights, and so on.

We also found the seat wide and surprisingly comfortable, thanks to the leather padding. This is great as it will save you from depression when riding for long hours. The size is about 10.6″(L) x 8.3″(W) x 4.3″(H), and it offers four-way adjustment (forward/back and up/down).

The handlebar also has a four-way adjustment, so it’s able to fit different users. It also provides various ways to exercise, from shoulder workouts to waist buildups.

There are transport wheels on the front for easy movement and storage. No need to strain your muscles; just tilt and roll it out or away. Assembly is easy!


  • Brand: JOROTO
  • Adjustable handlebar: Yes
  • Dimensions: 42.91″(L) x 19.69″(W) x 42.52″(H)
  • Weight: 94 pounds
  • Resistance mechanism: Magnetic
  • Material: Alloy steel
  • Maximum weight capacity: 300 pounds
  • Drive system: Belt
  • Digital Monitor: Yes (LCD)
  • Resistance levels: 8
  • Transportation wheels: Yes
  • Adjustable seat: Yes

What We Liked

  • Fully adjustable seat and handlebar
  • Adjustable caged foot pedals
  • Easy to move (comes with transport wheels)
  • Comes with a water bottle holder
  • Solid alloy steel frame
  • Smooth and quiet ride

What We Didn’t Like

  • The handlebar is a bit close at the furthest position.

Best Magnetic Spin Bike under $500: Buying Guide

If you’re purchasing your first magnetic spin bike, you might find it a bit daunting navigating through the myriad of options in the market. Besides the resistance type, many other differences exist between the various groups of indoor cycling bikes. We’ve created this guide to help you know what to focus on, so you can get the right spin bike to reach your fitness goals.

Drive System

Two major parts that control the movement and speed of a spin bike are the flywheel and pedals. The connection between these two is made by the drive system or transmission. There are two main types of drive systems – chain drive and belt drive.

The chain drive system is the one you see in older cycling bikes. It makes you feel like you’re riding an actual traditional road bike. The major disadvantage with this system is that it tends to be a bit noisy and typically requires more maintenance than a belt drive system.

A belt system, on the other hand, offers a smoother and quieter ride. It tends to be more durable and requires less maintenance. The majority of magnetic spin bikes use this drive system.

However, many experienced outdoor riders still prefer the chain drive.


One of the major components of a spin bike is the flywheel.

A flywheel is a revolving wheel located at the front of the spin bike or any other exercise bike. It is used to increase the bike’s momentum in order to provide greater stability and power.

Generally, a heavy flywheel is usually desired, especially when you’re looking to replicate the same rolling movement found in regular road bikes. It also guarantees a smoother ride. On the other hand, a lightweight flywheel will be easier on the joint but itt’s not as challenging as the heavy ones.

Bike Pedal

Another thing you should look at when shopping for a magnetic spin bike is the type of bike pedal. Ideally, you should go for a bike with protective pedals that will keep your feet from slipping when you’re doing an intense workout.

There are basically two types of bike pedals – those that are single-sided and those that are double-sided. The single-sided pedals tend to be cheaper, but they are not as effective as the double-sided pedals. It’s also difficult to use them with your regular indoor spinning shoes.

On the other hand, dual-sided pedals offer greater pedaling control and efficiency, ultimately leading to a much better cycling experience. Bikes with such pedals typically come with the toe cage feature, which helps to keep your feet on the bike.

Screen or Display

Many magnetic spin bikes come with an LCD screen or console that contains various stats regarding your performance. These include things like distance covered, amount of calories burned, time spent on the machine, heart rate, and so on.

While this is not a must-have, especially when you’re spending less money, it is a nice feature that will make it easier to measure your progress. This can be the booster you need to add more pump action!


Resistance is the most important aspect of indoor cycling, so it’s a vital feature of any spin bike. Getting a spin bike with variable resistance is non-negotiable. Of course, the level of resistance varies with each bike, but in most cases, the higher the number, the better!

In addition to resistance levels, you should also be wary of the type of control in place to adjust the resistance. In many spin bikes, this could be a knob, a button, or a lever. Each of these controls is okay, as long as it’s easy to access.

Adjustable parts

Another thing to look at is whether the bike comes with adjustable parts. Specifically, you want a saddle position that is convenient and comfortable, as this helps to reduce the risk of aches and injuries. In this case, you want the seat and handlebars to be adjustable, so you can set up the machine to suit your preference, depending on your size and height.

Thankfully, most spin bikes have this feature. A four-way adjustable seat is very common, which allows you to adjust the seat front and back, right and left. On the other hand, you will get handlebars with two-way adjustments on most standard spin bikes, while the more expensive models typically feature four-way handlebars.

Extra Features

There are other features you should look out for. Two common ones include a water holder to keep your water bottle and a tablet holder for your devices. You also want a bike with a fitness monitor that shows your workout stats. This allows you to keep track of your performance and progress. Some monitors can be paired with mobile devices, which allow you to get the data on your phone.

The bike pedals and wheels are some other things to look out for. You want pedals that fit securely and wheels for transport to make life easier.


Is a spin bike worth it?

Yes, spin bikes are great home workout equipment. You can burn hundreds of calories cycling for just an hour. And unlike some cardio machines, they don’t put a strain on your joints. They are also a more affordable option compared to some other home gym machines.

Why should I choose a magnetic spin bike?

When stacked against spin bikes with friction-based resistance, magnetic spin bikes seem to have the upper hand. They offer a quieter and smoother ride and require very little maintenance.

Is a spin bike better than a road bike?

If your plan is to shed weight or tone muscles, then you may find a spin bike more effective for this purpose. Besides the convenience it offers, you will find it easier to follow workout programs which can make a big difference.

How long should you spend on a spin bike?

We recommend at least 30 minutes of exercise if you’re following a schedule. If you can aim for one hour, then you’re bound to achieve even more impressive results.

Do spin bikes tone leg muscles?

Yes, spin bikes are great for toning leg muscles. Most of the exercises on the bike combine pedaling and resistance, which target various muscle groups in the leg.


There you have it – the best magnetic spin bike under $300. By now, you should have made your pick, or else consult the buying guide again. The models reviewed here are not only the best affordable options but also offer the best combo of quality, performance, and comfort.

We hope you enjoyed the read and found the information helpful. Let us know if you need further help. Till then, have fun, pedal hard, and stay fit!

About the author

Steve M. Ford

Hey! My name is Steve M. Ford and I am a fitness expert. I have been working in the fitness industry for over 10 years, and I have a lot of experience and knowledge to share with others. I am 6’0″ tall and weigh 149.2 pounds. I am in the best shape of my life and I want to help others achieve the same level of fitness and health. I have a lot of advice to share when it comes to diet, exercise, and overall health. I believe that living a healthy lifestyle is one of the most important things you can do for yourself, and I am passionate about helping others achieve this.

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