Best Exercise Bike Under $300

Exercise bikes are great for anyone who wants to get or stay in shape safely. They pose little risk of injury and can thus be used by people of all ages and all fitness levels. 

When trying to find such equipment for your home gym, one of the first impediments for many people is the price.

The truth is good exercise bikes can be quite expensive and not everyone is ready for a huge investment. 

affordable exercise bikes

The good news is, if you look hard enough, you’ll see that there are quite a few bikes under $300. 

Not only that but there are a few that are good quality and can help you get a very good workout.

And if you’re worried about the compromises you’ll need to make – believe it or not, you can find anything from a recumbent to an indoor cycling bike under $300. 

If this sparked your interest, keep reading to find out everything about the 5 best cheap exercise bikes under $300.

5 Best Exercise Bikes Under $300

  • Comes with 22 preset workouts and 20 levels of resistance
  • Has two screens
  • Easy to assemble
  • Has a USB port
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  • Foldable
  • Has transportation wheels
  • 2-way adjustable seat
  • Comes with pulse sensor
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  • Maximum supported weight is 264 lbs
  • Easy to store
  • Easy to assemble
  • Very low maintenance
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  • Easy to assemble
  • Maximum weight capacity is 280 lbs
  • Has transport wheels
  • Adjustable pedal straps
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  • Folding bike
  • The seat is adjustable
  • Maximum weight capacity is 300 lbs
  • Has 8 magnetic resistance levels
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1. Schwinn A10

130 Upright Bike - Our Most Affordable Upright Bike | Schwinn

This indoor cycling bike can be bought on Amazon. It is a heavy-duty piece of equipment that allows up to 300 lbs weight and has quite a few features you wouldn’t expect from a simple exercise bike like this.

Pros and special features:

  • Comes with 22 preset workouts and 20 levels of resistance, which is impressive for an exercise bike at this price;
  • Has two screens that show you a lot of data about your workouts;
  • Easy to assemble;
  • it has a USB port;
  • the seat and the console are adjustable;
  • at 41”x21” it is easy to store in most homes;
  • speaking of storage, Schwinn A10 has transportation wheels, making it easy to move from one place to another;
  • it has a 10-year warranty for the frame, 2 years for the parts, 1 year for the electrical components, and free labor during the first 3 months after purchase.
  • It has a water bottle holder


  • the pedals are not well designed, and many complain they often hit the side of the exercise bike with their feet;
  • The grip heart rate monitor is not very effective and many complain it doesn’t even work at all.

Here’s the link to buy it! 

2. XTERRA Fitness FB350

Xterra Fitness FB350 Folding Exercise Bike, Silver | Buy Products Online with Ubuy Philippines in Affordable Prices ...

The XTERRA Fitness FB350 is a truly affordable bike. It is semi-recumbent, having a padded backrest, ideal for those with low-back pain. 

It is meant only for seated workouts, so if you want to be able to do spin workouts or pedal while standing, this bike isn’t for you.

Pros and special features:

  • it is foldable, which is great for small apartments with little to no space for such equipment;
  • it has transportation wheels;
  • 2-way adjustable seat;
  • the handlebar comes with pulse sensors;
  • The fitness meter can track total calories burned, distance, speed, time, and pulse.


  • it can only support 225 lbs; while that isn’t very bad, it is less than most other exercise bikes;
  • the fitness meter has no backlight;
  • there’s no tablet or phone holder.

You can buy it here! 

3. MaxKare Magnetic Indoor Cycling Bike : MaxKare Magnetic Exercise Bike Belt Drive Stationary Indoor Cycling Bike with High Weight Capacity ...

If you’re looking for a budget yet heavy-duty spin bike, MaxKare might be the best for you.

Pros and special features:

  • the maximum supported weight is 264 lbs – this is slightly less than other bikes in this category but there’s another factor to consider: the bike itself weighs only 90 lbs;
  • dimension-wise it is fairly small – only 41”x21” – which makes it easy to store;
  • it can be used by anyone between 4’11’’ to 6’3’’;
  • it is easy to assemble and is very low maintenance;
  • the seat can be adjusted both horizontally and vertically; the handlebars are also adjustable, which can make it comfortable for anyone regardless of their height


  • The computer monitor has no backlight.

You can buy it from this Amazon seller! 

4. MEVEM Indoor Magnetic Exercise Bike

MEVEM Indoor Cycling Bike-Belt Drive Indoor Magnetic Exercise Bike, Indoor Stationary Bike for Home Cardio Gym ...

Another great budget bike is the MEVEM Indoor Magnetic Exercise bike.

Pros and special features:

  • Easy to assemble;
  • the maximum weight capacity is 280 lbs;
  • it has transport wheels that make it easy to move around the house;
  • the handles with sweat-resistant grip;
  • the pedal straps are adjustable making it more comfortable and minimizing the risk of injury;
  • it comes with a basic computer that allows you to track your workouts, including your speed, the distance, and the calories;
  • it has an emergency braking system;
  • you can pedal in reverse, which means you get to work your leg muscles in a less usual way.


  • The handlebars are adjustable only vertically, whereas most similar bikes will have 4-way adjustable handlebars.

Click here to buy it for a cheaper price! 


Exerpeutic Folding Magnetic Upright Bike with Pulse Review - Slant

The cheapest bike in this series, Extratherapeutic Folding Magnetic Upright Bike, comes with a lot of unexpected features despite looking fairly unimpressive.

Pros and special features:

  • it is a folding bike, meaning it is ideal for small apartments or homes with little to no storage space for gym equipment;
  • when assembled for use its dimensions are only 56” x 22” x 15”, while folded it is only 31” x 19” x 46”;
  • the seat is adjustable and can accommodate anyone from 5’3” to 6’1” – this might be seen as an issue by smaller people, but for this price, the fact that it can be adjusted for such a wide range of individuals it is a plus;
  • the maximum weight capacity is 300 lbs;
  • It has 8 magnetic resistance levels.


  • The only true minus is that it is not suitable for high-intensity workouts; it is however perfect for steady-state cardio, for beginners, or for those who just want to be active without many fitness goals.

Click here to buy it from Amazon! 


cheap exercise bikes

If you’re looking for the best possible exercise bike that costs under $300, then the Scwhinn A10 is the current best option that you can get.

Quality home exercise bikes under $300 may not be easy to find, but it is certainly not an impossible mission. 

Whether you’re looking for a recumbent bike, a spin bike, or one that folds and is easy to store, there’s something for you out there. 

You’ll also find something if you’re a beginner or someone who wants a minimum magnetic resistance level of activity or a cyclist looking for bikes that provide a means to practice indoors. 

Don’t forget, you don’t need to invest a fortune to stay active, even when you’re stuck at home!

If you liked this review, please check out our other reviews, for more equipment for your home gym, or supplements to help you achieve your goals in no time.

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