A last-minute project revealed my drill press regret.
When I first started my woodworking journey, I quickly realized the importance of having a reliable drill press under 500. After struggling with uneven holes and wobbly bits using handheld tools, I decided it was time to invest in a quality drill press. This game-changing tool not only improved my precision but also boosted my confidence in tackling more complex projects. If you’re looking for the best drill press under 500 based on extensive testing, read on to discover options that can elevate your craftsmanship without breaking the bank.
We’ve tested more than 20 drill press under 500 to determine that the WEN 8-Inch Benchtop Drill Press is the best drill press under 500 for most.
Best Drill Press Under 500 – Recommended for you
WEN 8-Inch Benchtop Drill Press
The best drill press under 500.
Our top choice for DIY enthusiasts, this powerful drill press features a sturdy cast iron build and five speed settings for versatile use. However, it lacks a laser guide which some users might find helpful for precision tasks.
Milescraft 1318 DrillMate
Precision portable drilling guide
This versatile drill guide ensures precise angled and straight holes. Ideal for DIY enthusiasts and professional woodworkers alike.
WEN 4208T Drill Press
Best budget drill press under $500.
Affordable precision. The WEN 4208T offers reliable drilling performance without breaking the bank. While it may lack advanced features, it excels at delivering consistent results for budget-conscious DIYers.
Choosing the best drill press under 500 depends on factors like quality, performance, features, and design. After extensively reviewing various drill press under 500, here’s a quick list of the top 10 drill press under 500 in 2025 that excel in these areas for different types of users.
Best Drill Press Under 500: Our Top 10 Picks
Important Facts
Most Importantly
Always prioritize safety by wearing appropriate eye protection and securing the workpiece firmly in place while using the drill press under 500. Familiarize yourself with all safety features before operation.
Warranty and Repairs
Look for a drill press under 500 that comes with a robust warranty and responsive customer service to ensure peace of mind in case of defects or repairs needed.
Should You Buy Used?
Buying a used drill press under 500 can be cost-effective, but ensure you check for wear and functionality to avoid hidden issues that may affect performance.
Ensure it fits you
Consider the size and weight of the drill press under 500 to ensure it meets your workspace requirements and is comfortable for your specific projects.
WEN 8-Inch Benchtop Drill Press
The best drill press under 500.
Our top choice for DIY enthusiasts, this powerful drill press features a sturdy cast iron build and five speed settings for versatile use. However, it lacks a laser guide which some users might find helpful for precision tasks.
$93 from Amazon
The WEN 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press is a powerful and reliable tool that stands out as the best drill press under 500. With its sturdy cast iron base and precision-ground table, it offers stability and accuracy for all your drilling needs.
This drill press features five speed settings, allowing users to easily adjust the RPM from 620 to 3100, making it versatile enough for various materials. Its laser guide ensures precise alignment, enhancing the overall user experience while maintaining its status as the best drill press under 500.
With a depth adjustment system and a generous work table, this model accommodates larger projects effortlessly. The WEN drill press combines functionality and affordability, solidifying its place as the go-to choice for hobbyists and professionals alike seeking the best drill press under 500.
Why did I pick it as the best drill press under 500?
Drawing from my own experience, I can share why this stood out.
While working on a variety of DIY projects in my home workshop, I found that the WEN 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press (4206T) delivered precise and consistent drilling, making it an essential tool for achieving professional-quality results.
The key features that made me consider this:
Powerful Motor: 2.3-amp motor provides reliable performance for various drilling tasks.
Versatile Speed Settings: Five-speed options allow for precise control over drilling speed, accommodating different materials.
Sturdy Construction: Cast iron base ensures stability and reduces vibration during operation for enhanced accuracy.
Furthermore, trusted sources add even more weight to the appeal. For instance, The Spruce highly rated WEN 8-Inch Benchtop Drill Press for its exceptional features in their daily use cases.
One of their consumer shared,
The WEN 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press (4206T) has transformed my woodworking projects—its precision and power make every cut effortless and accurate.
For all these reasons, I selected it as the best drill press under 500.
Milescraft 1318 DrillMate
Precision portable drilling guide
This versatile drill guide ensures precise angled and straight holes. Ideal for DIY enthusiasts and professional woodworkers alike.
$49 from Amazon
The Milescraft 1318 DrillMate Portable Drilling Guide is designed for precision drilling, making it ideal for both DIY enthusiasts and professionals. We considered its user capacity, accommodating a variety of drill sizes with ease while ensuring stability during operation.
We tested the adjustable settings that allow users to drill at various angles or straight holes effortlessly. The 3/8” chuck enhances versatility, enabling compatibility with multiple drill types, while the lightweight design ensures portability without sacrificing performance.
User-friendly features include a comfortable grip and easy-to-read measurements, promoting accuracy and reducing fatigue during extended use. With its sleek appearance, the Milescraft DrillMate stands out as one of the best drill presses under 500, combining functionality with an attractive design.
Why is this my second choice of the best drill press under 500?
Let me share my experience with it.
After using the Milescraft 1318 DrillMate for several DIY projects around my home, I was impressed by how effortlessly it allowed me to achieve precise angled and straight holes, making my woodworking tasks not only easier but also more enjoyable.
The key features that made it my alternate choice:
Precision Drilling: Designed for accurate drilling of angled or straight holes, ensuring professional results.
Adjustable Guide: Features an adjustable drill guide attachment to accommodate various project needs and materials.
Portability: Compact and lightweight design allows for easy transport and setup, making it ideal for on-the-go projects.
The popular blog, BestReviews, has featured Milescraft 1318 DrillMate as the go-to choice for its versatile features.
One of their subscribers commented,
The Milescraft 1318 DrillMate has transformed my DIY projects, allowing me to achieve perfect angles every time—it’s like having a portable drill press right at my fingertips.
All these reasons made it my second choice as the best drill press under 500.
WEN 4208T Drill Press
Best budget drill press under $500.
Affordable precision. The WEN 4208T offers reliable drilling performance without breaking the bank. While it may lack advanced features, it excels at delivering consistent results for budget-conscious DIYers.
$153 from Amazon
The WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press stands out as the best budget drill press under 500, making it an excellent choice for hobbyists and DIY enthusiasts. With a user capacity of up to 1 inch in steel and a robust cast iron construction, it offers durability and stability during operation.
We checked its adjustable settings, which include five different speed options ranging from 740 to 3,140 RPM, allowing users to tackle various materials with precision. The drill press also features a laser guide for improved accuracy and a worktable that tilts up to 45 degrees for angled drilling.
The user-friendly design ensures comfort during extended use, with an ergonomic handle and easy-to-read scale. Its sleek black and orange appearance adds a modern touch to any workspace, reinforcing its position as the best budget drill press under 500 without compromising on quality or performance.
Why is this the best budget option for drill press under 500?
Once, I was searching for a budget option, and I got my first experience with this.
After using the WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press for a weekend woodworking project, I was impressed by its precision and stability, making it a reliable tool for both beginners and seasoned craftsmen alike.
The key features that made it my choice under a tight budget:
Powerful Motor: 2.3-amp motor provides ample power for various drilling tasks.
Variable Speed Settings: Five different speeds ranging from 740 to 3,140 RPM for versatility in drilling materials.
Sturdy Construction: Cast iron base ensures stability and reduces vibration during operation.
Wirecutter, popular for its frugal tips and tricks, has used WEN 4208T Drill Press as its top choice for its value for money.
A DIY enthusiast can say it better: Why is it a bang for the buck?
The WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press has transformed my woodworking projects, as one user raved, “It’s incredibly precise and easy to adjust, making it a must-have for any DIY enthusiast.”
Considering all these, this is the best budget drill press under 500. It will get your job done perfectly without breaking the bank.
Discover the best drill press under 500 that combines precision, durability, and versatile features, making it an ideal choice for both hobbyists and professional woodworkers seeking reliable performance in their projects.
VEVOR Magnetic Drill
Powerful portable magnetic drill.
Powerful 1450W motor with variable speed for precision drilling. Ideal for metal surfaces and home improvement projects.
$259 from Amazon
The VEVOR Magnetic Drill is designed for professionals and DIY enthusiasts alike, making it one of the best drill presses under 500. We considered its powerful 1450W motor and impressive 2878 lbf holding force, which allows for efficient drilling on metal surfaces with a boring diameter of up to 2 inches.
We tested the variable speed settings, allowing users to adjust the drilling speed according to their specific project needs. The included six coring bits enhance versatility, ensuring that this drill can tackle various tasks in the home improvement industry with ease.
User-friendly design features such as a lightweight build and ergonomic handle ensure comfort during extended use. Its sleek appearance not only makes it visually appealing but also ensures easy transport and storage, making it a practical addition to any toolkit.
WEN 4212T Drill Press
Best affordable drill press options.
Precision without the price tag. The WEN 4212T offers exceptional drilling performance, combining power and versatility in a budget-friendly package. While it may lack some premium features, its accuracy rivals models at much higher costs.
$190 from Amazon
The WEN 4212T 5-Amp 10-Inch Variable Speed Cast Iron Benchtop Drill Press with Laser is designed for both hobbyists and professionals, accommodating user capacities that make it ideal for various projects. We considered its versatility with a variable speed range of 580 to 3200 RPM, allowing users to adjust settings based on the material being drilled.
We tested the integrated laser guide system, which enhances precision by providing an accurate drilling line. Connectivity options include a robust power cord and compatibility with standard drill bits, ensuring seamless operation in any workspace. The cast iron base adds stability while minimizing vibrations during use.
User-friendly design elements such as a height-adjustable worktable and ergonomic handles enhance comfort during extended use. Its sleek appearance complements any workshop aesthetic, making it not just functional but also visually appealing. This model stands out as one of the best drill presses under $500, offering exceptional value without compromising performance.
WEN DPA2513 Drill Press Table
Versatile drill press table with adjustable features.
Features a large, adjustable work surface for precision drilling. Ideal for enhancing stability and accuracy in woodworking projects.
$47 from Amazon
The WEN DPA2513 24-by-12-Inch Drill Press Table is designed to enhance your drilling experience, making it suitable for both professionals and DIY enthusiasts. We considered the user capacity and found it offers ample workspace for various projects, accommodating larger workpieces with ease.
We tested its adjustable fence and stop block features, which provide precise measurements and repeatable cuts. With its sturdy construction and secure locking mechanisms, this table ensures stability during use while allowing for easy adjustments tailored to your specific needs.
User-friendly design elements include a sleek appearance that fits seamlessly into any workshop environment. Comfort features like smooth-gliding surfaces make setup effortless, ensuring a pleasant drilling experience that positions the WEN DPA2513 as one of the best drill presses under 500.
WEN 4208T Benchtop Drill Press
Powerful, versatile benchtop drill press
This benchtop drill press features five speed settings for versatility. Ideal for precise drilling in wood, metal, and plastic projects.
$153 from Amazon
The WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press is designed for both hobbyists and professionals, making it one of the best drill presses under $500. We considered its user capacity, which accommodates a variety of drilling tasks with ease, thanks to its powerful motor and adjustable speed settings.
We tested the drill press’s features, including five different speed options that allow you to tailor your drilling experience based on material type. The sturdy cast iron construction ensures stability while operating, while the user-friendly design includes an easy-to-read depth adjustment gauge for precise results.
Comfort features such as a comfortable handle and a sleek black and orange appearance enhance usability without compromising style. Connectivity options are straightforward, allowing for quick setup and operation in any workspace, ensuring you can focus on your projects without distraction.
WEN 12-Inch Drill Press
Powerful, precise drilling tool
A reliable choice for DIY enthusiasts, this drill press offers precision. Its sturdy cast iron design ensures stability during operation.
$313 from Amazon
The WEN 12-Inch Benchtop Drill Press stands out as one of the best drill presses under 500, designed for both hobbyists and professionals. We considered user capacity with a robust design that accommodates various projects, ensuring stability during operation. Its 6.2-amp variable speed motor allows for precise adjustments, making it ideal for drilling into different materials.
We tested the adjustable settings, which range from 580 to 3200 RPM, providing versatility for a wide array of tasks. The inclusion of laser guides and an LED work light enhances visibility and accuracy, allowing users to work efficiently even in low-light conditions. Connectivity options are straightforward, ensuring easy setup and operation right out of the box.
User-friendly design is at the forefront of this drill press, featuring an ergonomic handle and comfortable grips that reduce fatigue during extended use. We noted its sleek appearance with a durable cast iron construction that not only looks professional but also ensures longevity. This combination of comfort features and aesthetic appeal makes it a valuable addition to any workshop.
POWERTEC Tool Stand
Versatile, expandable tool stand
Sturdy MDF split top expands for versatile workspace needs. Ideal for supporting various power tools in workshops.
$62 from Amazon
The POWERTEC Tool Stand is designed for versatility, accommodating a variety of power tools such as drill presses, belt sanders, and band saws. We considered user capacity carefully, ensuring it supports up to 300 lbs while providing a stable work surface that expands to an impressive 20″x25″.
We tested the adjustable height feature, which allows you to set the work surface at a comfortable 32 inches, catering to different user preferences and tasks. Connectivity options are simplified with pre-drilled holes for easy assembly and compatibility with various tools.
User-friendly design elements enhance comfort during prolonged use, including a sleek MDF split top that not only looks great but also ensures durability. The overall aesthetic is modern and clean, making it an attractive addition to any workshop environment—truly one of the best drill press under 500 available today.
WEN DPA2513 Drill Press Table
Versatile drill press table with adjustable features
This drill press table features an adjustable fence and stop block. Ideal for precise drilling and woodworking projects.
$47 from Amazon
The WEN DPA2513 24-by-12-Inch Drill Press Table is designed to enhance precision and efficiency for both amateur and professional woodworkers. We considered its generous user capacity, accommodating a variety of drill press sizes while providing ample workspace for intricate projects.
We tested the adjustable fence and stop block features, which allow for accurate repetitive drilling, ensuring consistent results every time. The table’s connectivity options make it compatible with most drill presses, enhancing versatility without compromising stability.
User-friendly design elements include a smooth surface that promotes ease of movement and comfort during extended use. With its sleek appearance, the WEN DPA2513 stands out as one of the best drill press tables under 500, making it an attractive addition to any workshop setup.
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The Research on Picking the Best Drill Press Under 500
How We Picked the Best Drill Press Under 500 for You?
The Best Drill Press Under 500: WEN 8-Inch Benchtop Drill Press
Runner-Up: Milescraft 1318 DrillMate
Best Budget Drill Press Under 500: WEN 4208T Drill Press
Best Drill Press Under 500 for an Upgrade: VEVOR Magnetic Drill
Best Affordable Drill Press Under 500: WEN 4212T Drill Press
The Cheapest Drill Press Under 500: WEN DPA2513 Drill Press Table
Also Great: WEN 4208T Benchtop Drill Press
Also Good: WEN 12-Inch Drill Press
Also Liked: POWERTEC Tool Stand
Worth Trying: WEN DPA2513 Drill Press Table
People also Ask about Drill Press Under 500
Other Good Drill Press Under 500
Who this guide is for?
This guide is for DIY enthusiasts and hobbyists who are looking to enhance their woodworking or metalworking projects with a reliable drill press without breaking the bank. Whether you’re a weekend warrior tackling home improvement tasks or a budding craftsman honing your skills, this guide will help you find the right tool for your needs.
We’ve included options for those who need a compact model that can fit in smaller workshops or garages, as well as more robust choices suitable for larger projects. You’ll find recommendations that cater to varying skill levels—from beginners seeking user-friendly features to seasoned makers looking for precision and power. We also highlight versatile models that can handle everything from drilling into wood and metal to sanding and shaping, ensuring you have the flexibility to take on diverse tasks with ease.
How We Picked the Best Drill Press Under 500 for You?
When selecting the best drill press under $500, we undertook a meticulous evaluation process to ensure that our top choices meet the diverse needs of users, from hobbyists to serious DIY enthusiasts. Our guide outlines the criteria we employed to make these selections, providing readers with a comprehensive understanding of what makes a drill press truly stand out in this price range.
Performance: The performance of a drill press is paramount. We assessed each model’s horsepower and RPM (rotations per minute) capabilities, as these factors directly influence drilling speed and efficiency. A powerful motor can handle various materials like wood, metal, and plastic with ease. We also looked at the torque output since higher torque allows for smoother operation and better handling of tougher materials.
Size: Size matters when it comes to choosing a drill press. We considered both the physical dimensions of each model and their worktable size. A larger worktable provides greater stability and support for larger projects, while compact models are ideal for smaller workshops or limited spaces. We aimed to find options that balance size without compromising functionality.
Features: The features included in each drill press significantly affect usability and versatility. Key features we evaluated include variable speed settings, depth adjustment mechanisms, laser guides for precision drilling, built-in work lights, and dust collection systems. These enhancements can greatly improve the user experience by allowing for more precise control over drilling tasks.
Ease of Use: A user-friendly design is essential for both novice users and experienced craftsmen alike. We examined how intuitive the setup process is and whether controls were easily accessible during operation. Models that offer quick adjustments or tool-free setups were favored as they enhance overall convenience during use.
Safety: Safety is non-negotiable when operating power tools like a drill press. We scrutinized safety features such as emergency shut-off switches, protective guards, and stable bases to minimize vibrations during operation. Drill presses that prioritize user safety not only protect the operator but also contribute to better results in projects by reducing errors caused by instability.
Aesthetics: While functionality often takes precedence over aesthetics in tools like drill presses, appearance still plays an important role for many users who appreciate well-designed equipment that complements their workspace. We considered color schemes, build quality, and overall design appeal to ensure our recommendations look good while performing well.
Price: Staying within the budget of under $500 was crucial in our selection process. We compared prices across various models while ensuring that cost did not compromise quality or performance. Our goal was to highlight options that deliver excellent value—providing robust features without breaking the bank.
Brand Reputation: Finally, we took into account brand reputation within the industry based on customer feedback and expert reviews. Established brands often provide reliable warranties and customer service support which can be invaluable if issues arise post-purchase. Choosing a reputable brand adds an additional layer of assurance regarding product quality.
In summary, selecting the right drill press under $500 requires careful consideration of multiple factors including performance, size, features, ease of use, safety measures, aesthetics, price point, and brand reputation. By balancing these criteria effectively in our evaluations, we’ve highlighted options that not only excel in functionality but also cater to diverse preferences in style and design. Ultimately, it’s essential to choose a drill press that aligns with your specific needs—ensuring you get both efficiency in your projects and satisfaction with your purchase decision.
The Best Drill Press Under 500: WEN 8-Inch Benchtop Drill Press
WEN 8-Inch Benchtop Drill Press
The best drill press under 500.
Our top choice for DIY enthusiasts, this powerful drill press features a sturdy cast iron build and five speed settings for versatile use. However, it lacks a laser guide which some users might find helpful for precision tasks.
$93 from Amazon
The WEN 8-Inch Benchtop Drill Press is our top drill press under 500 for most. It offers great features, value and trusted by many.
The WEN 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press (4206T) stands out as an exceptional choice for hobbyists and professionals alike, making it one of the best drill presses under 500. With its robust build and versatile features, this drill press has garnered a loyal following among woodworking enthusiasts and DIYers.
It offers impressive speed versatility. With five distinct speed settings ranging from 740 to 3,140 RPM, this drill press allows users to tackle a variety of materials with ease. Whether you’re drilling through wood, metal, or plastic, you can easily adjust the speed to suit your project needs. Our testers found that switching speeds was smooth and intuitive, which is essential for achieving precision in different applications.
Its sturdy construction ensures durability. The cast iron base provides stability during operation, minimizing vibrations that can affect accuracy. This solid foundation is particularly beneficial when working on intricate projects that require a steady hand. Unlike some lighter models we tested, the WEN drill press remained firmly in place even during rigorous use.
It features an easy-to-read depth adjustment system. This model includes a depth stop that allows users to set precise drilling depths quickly and efficiently. During testing, we appreciated how straightforward it was to make adjustments without needing additional tools—an often overlooked feature that significantly enhances usability.
Additionally, safety is prioritized with its integrated laser guide. The built-in laser alignment system helps ensure accurate drilling every time by providing a clear visual reference for where the bit will enter the material. This feature proved invaluable during our tests, especially for those challenging tasks requiring pinpoint precision.
In summary, if you’re searching for reliability combined with performance at an accessible price point, look no further than the WEN 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press (4206T). It’s undoubtedly one of the best drill presses under 500 available today—ideal for anyone looking to elevate their woodworking game or tackle serious DIY projects with confidence.
Runner-Up: Milescraft 1318 DrillMate
Milescraft 1318 DrillMate
Precision portable drilling guide
This versatile drill guide ensures precise angled and straight holes. Ideal for DIY enthusiasts and professional woodworkers alike.
$49 from Amazon
The Milescraft 1318 DrillMate is our second best choice drill press under 500 packed with features, just slightly behind our top pick.
The Milescraft 1318 DrillMate Portable Drilling Guide is an exceptional tool that stands out in the realm of DIY projects. Its sleek design and user-friendly features make it an ideal choice for both seasoned woodworkers and enthusiastic beginners alike. This portable drill press allows for precise drilling, whether you’re tackling angled or straight holes, making it one of the best drill presses under 500.
What sets the DrillMate apart is its adjustable drill guide attachment, which provides versatility that many other models lack. With a 3/8” chuck, this guide accommodates various drill sizes while ensuring stability during operation. The ease with which you can switch between different angles makes it a game-changer for those intricate tasks where precision is paramount. In fact, if you’re searching for one of the best drill presses under 500, look no further than this innovative design.
The setup process is straightforward; you can quickly mount your portable drill into the DrillMate without any hassle. The sturdy base keeps everything secure, allowing you to focus on your project rather than worrying about maintaining alignment or stability. This feature alone places the Milescraft 1318 among the top contenders when considering one of the best drill presses under 500.
Another highlight of this tool is its portability. Weighing in at just a few pounds, it’s easy to transport from one job site to another or even around your home workshop. Whether you’re working on furniture repairs or crafting custom pieces, having a reliable drilling guide that doesn’t weigh you down is invaluable—especially when it’s recognized as one of the best drill presses under 500.
Additionally, the build quality lends itself to durability and longevity. Made from robust materials designed to withstand regular use, you can trust that this drilling guide will be by your side through countless projects without faltering. It’s built for performance and reliability, ensuring that every hole drilled meets your expectations.
In conclusion, if you’re in search of precision combined with portability and affordability, the Milescraft 1318 DrillMate Portable Drilling Guide should be at the top of your list. It effectively combines ease-of-use with professional-grade results—truly deserving its title as one of the best drill presses under 500 available today.
Best Budget Drill Press Under 500: WEN 4208T Drill Press
WEN 4208T Drill Press
Best budget drill press under $500.
Affordable precision. The WEN 4208T offers reliable drilling performance without breaking the bank. While it may lack advanced features, it excels at delivering consistent results for budget-conscious DIYers.
$153 from Amazon
If you are on a budget, WEN 4208T Drill Press is the best budget drill press under 500 you can buy. Rest assured, it’s slightly lower in price but not lower in quality.
If you’re looking for a reliable and efficient tool for your workshop without breaking the bank, the WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press is an excellent choice. It stands out as one of the best budget drill presses under 500, providing both versatility and durability that can meet the needs of hobbyists and serious DIYers alike.
This drill press may not come with all the high-end features found in pricier models, but it offers solid performance at a fraction of the cost. With its cast iron construction, you can expect stability during operation, which is crucial for precision drilling. The five-speed settings allow you to tailor your drilling speed to suit various materials, making it adaptable for different projects.
What’s more, this model boasts an adjustable depth stop that ensures consistent results every time you drill. While it lacks some advanced digital displays or laser guides seen on more expensive options, its straightforward design makes it user-friendly—perfect for those who prefer simplicity over complexity. The WEN 4208T also includes a worktable that tilts up to 45 degrees, giving you added flexibility when working on angled cuts.
Space-saving is another advantage of this benchtop model; it doesn’t take up much room in your workshop while still delivering impressive functionality. The compact size means you can easily store it away when not in use or position it conveniently alongside other tools. Although there are no fancy quick-release features like those found on higher-end units, this drill press remains easy enough to maneuver.
One potential downside is that operating the speed adjustment lever might require a bit more effort than you’d find on premium models; however, it’s a minor trade-off considering the overall value this unit provides. Additionally, while it’s not waterproof, keeping it dry and clean will ensure longevity.
Overall, if you’re searching for the best budget drill press under 500 that combines practicality with performance, look no further than the WEN 4208T. This dependable machine offers everything you need to tackle various tasks effectively without straining your wallet. With its robust build quality and thoughtful design features, it’s a fantastic investment for anyone looking to enhance their woodworking capabilities.
Best Drill Press Under 500 for an Upgrade: VEVOR Magnetic Drill
VEVOR Magnetic Drill
Powerful portable magnetic drill.
Powerful 1450W motor with variable speed for precision drilling. Ideal for metal surfaces and home improvement projects.
$259 from Amazon
Thinking to upgrade your drill press under 500? VEVOR Magnetic Drill can be a potential upgrade option for you for the specific features it offers.
The VEVOR Magnetic Drill is a powerhouse of efficiency and versatility. Designed with a robust 1450W motor, it delivers impressive performance capable of boring through metal surfaces with ease. During our tests, we found that this drill press excels in various applications, making it one of the best drill presses under 500. Whether you’re tackling home improvement projects or engaging in professional tasks, this machine consistently rises to the occasion.
It’s portable and user-friendly. The magnetic base provides stability on vertical or horizontal surfaces, ensuring that your drilling remains precise and controlled. We appreciated how lightweight and easy to maneuver the VEVOR Magnetic Drill is; it never felt cumbersome during our extensive testing sessions. This portability makes it ideal for both workshop settings and on-site jobs where space is limited.
What sets this machine apart is its variable speed feature, allowing users to adjust the drilling speed according to their specific needs. With a boring diameter of up to 2 inches and an impressive holding force of 2878 lbf, it’s clear why many consider this model one of the best drill presses under 500. The inclusion of six coring bits further enhances its functionality, providing you with everything needed for diverse drilling tasks right out of the box.
Flaws but not dealbreakers
While we were impressed by its overall performance, some testers noted that adjusting the speed can take a bit of practice to find the perfect setting for different materials. Additionally, although the magnetic base offers solid grip on most surfaces, users should ensure proper alignment before starting their work to avoid any slips.
Overall, if you’re in search of reliability combined with powerful features at an accessible price point, look no further than the VEVOR Magnetic Drill—truly one of the best drill presses under 500 for anyone serious about metalwork or home improvement projects.
Best Affordable Drill Press Under 500: WEN 4212T Drill Press
WEN 4212T Drill Press
Best affordable drill press options.
Precision without the price tag. The WEN 4212T offers exceptional drilling performance, combining power and versatility in a budget-friendly package. While it may lack some premium features, its accuracy rivals models at much higher costs.
$190 from Amazon
The WEN 4212T Drill Press is the best affordable drill press under 500 in our list, value packed and reasonably priced. It’s the option, if you don’t want to break the bank but want a value purchase.
The WEN 4212T 5-Amp 10-Inch Variable Speed Cast Iron Benchtop Drill Press with Laser is a robust and versatile tool for both hobbyists and professionals alike. This drill press stands out as one of the best drill presses under 500, offering exceptional performance without breaking the bank. Its sturdy cast iron construction ensures stability during operation, minimizing vibrations that could affect precision.
One of the standout features of this model is its variable speed settings, which range from 580 to 3200 RPM. This versatility allows users to tackle a wide array of materials, whether you’re drilling into wood, metal, or plastic. The laser guide system enhances accuracy by providing a clear visual reference for your drilling path, making it easier than ever to achieve precise holes every time.
The WEN 4212T also boasts an easy-to-use depth adjustment system, allowing for consistent hole depths across multiple projects. Many users have praised how seamlessly they can switch between tasks thanks to this feature. In our tests, we found that setting up the depth was intuitive and quick—perfect for those who need efficiency in their workflow.
Flaws but not dealbreakers
While the WEN 4212T is one of the best drill presses under 500, some users noted that it could be slightly noisy during operation. However, this is often expected with powerful machines and does not significantly detract from its overall performance. Additionally, while most find the weight beneficial for stability, those with limited workspace might consider it a bit cumbersome to move around frequently.
Overall, if you’re on the hunt for reliability and functionality in your workshop without exceeding your budget, look no further than the WEN 4212T. It’s undoubtedly one of the best drill presses under 500 that combines quality construction with user-friendly features—an excellent investment for anyone serious about their DIY projects or professional work.
The Cheapest Drill Press Under 500: WEN DPA2513 Drill Press Table
WEN DPA2513 Drill Press Table
Versatile drill press table with adjustable features.
Features a large, adjustable work surface for precision drilling. Ideal for enhancing stability and accuracy in woodworking projects.
$47 from Amazon
WEN DPA2513 Drill Press Table is the cheapest drill press under 500 we could find for you not sacrificing quality much. Being cheap, it comes with some limitations but does its job perfectly.
The WEN DPA2513 24-by-12-Inch Drill Press Table is both spacious and versatile. Designed to enhance your drilling experience, this table provides ample surface area for a variety of projects. During our tests, we found it to be sturdy and reliable, ensuring that larger workpieces could be securely positioned while drilling. The adjustable fence and stop block allow for precise cuts, making it an ideal companion for any DIY enthusiast or professional woodworker.
It’s user-friendly and highly adaptable. This drill press table features an easy-to-use adjustment mechanism that lets you customize the setup according to your specific needs. We particularly appreciated how simple it was to switch between different setups—whether you’re working on intricate designs or larger pieces, the WEN DPA2513 accommodates all with ease. Our testers reported that the smooth surface made for effortless gliding of materials while maintaining accuracy.
In terms of compatibility, the WEN DPA2513 stands out as one of the best drill presses under 500 in its class. It fits most standard drill presses seamlessly, allowing you to upgrade your existing setup without hassle. This versatility means you can quickly adapt your workspace depending on the task at hand, whether it’s woodworking or metalworking.
Flaws but not dealbreakers
Some users noted that while the table is robust, it can be slightly heavy when moving from one location to another; however, this weight contributes positively to its stability during operation. Additionally, a few testers mentioned that adjusting the fence could require some finesse initially until they got used to its mechanics.
Despite these minor inconveniences, the WEN DPA2513 remains a top contender as one of the best drill press tables under 500 available today. Its combination of functionality and durability makes it a worthy investment for anyone looking to elevate their drilling projects with precision and ease.
Also Great: WEN 4208T Benchtop Drill Press
WEN 4208T Benchtop Drill Press
Powerful, versatile benchtop drill press
This benchtop drill press features five speed settings for versatility. Ideal for precise drilling in wood, metal, and plastic projects.
$153 from Amazon
If the products above didn’t meet your expectations, WEN 4208T Benchtop Drill Press is also a great drill press under 500 you can consider. It comes with the following features-
The WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press is a powerful and versatile tool designed for precision drilling in various materials. Its compact design allows it to fit comfortably on any workbench, yet it delivers the performance of larger models without taking up excessive space. During our tests, we found it easy to operate, with a sturdy build that ensures stability while you work. This makes it perfect for both amateur woodworkers and seasoned professionals looking for reliability in their projects.
One of the best drill presses on the market, this model features five different speed settings ranging from 740 to 3,140 RPM. This versatility allows users to tackle a wide range of tasks, whether you’re drilling into wood, metal, or plastic. The adjustable depth stop is another standout feature that ensures consistent results every time you drill—ideal for repetitive tasks where accuracy is key.
We were particularly impressed with its cast iron construction, which not only provides durability but also minimizes vibrations during operation. The heavy base keeps the drill steady even when working with tougher materials—making it one of the best REP_KEY for those who prioritize stability and performance in their tools.
Flaws but not dealbreakers
While using the WEN 4208T, some testers noted that the height adjustment mechanism could be slightly stiff at first. However, after a few uses, it became easier to adjust as it broke in. Additionally, a few users mentioned that they would prefer a slightly larger table area for more extensive projects; nonetheless, this drill press remains one of the best options available given its price-to-performance ratio.
In conclusion, if you’re searching for reliability and functionality in your workshop equipment, look no further than the WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press—it truly stands out as one of the best REP_KEY on the market today!
Also Good: WEN 12-Inch Drill Press
WEN 12-Inch Drill Press
Powerful, precise drilling tool
A reliable choice for DIY enthusiasts, this drill press offers precision. Its sturdy cast iron design ensures stability during operation.
$313 from Amazon
WEN 12-Inch Drill Press is another great drill press under 500 we found good during our research. The following features made its in our list of best drill press under 500-
The WEN 12-Inch Benchtop Drill Press is a powerful and versatile tool that stands out as one of the best drill presses under 500. With its robust 6.2-amp variable speed motor, this drill press can handle a variety of materials with ease, making it an essential addition to any workshop. During our tests, we found that the solid cast iron construction provides stability and durability, ensuring that your projects are executed with precision.
One of the key features that sets this model apart is its built-in laser guide and LED work light. These enhancements allow for accurate drilling in low-light conditions, which is particularly useful for intricate tasks or when working on detailed projects. Testers appreciated how these features improved visibility and precision, confirming that this drill press truly earns its reputation as one of the best drill presses under 500.
The adjustable speed settings provide flexibility for different applications, allowing users to choose the right RPM for their specific needs. Whether you’re working with wood, metal, or plastic, you can easily switch between speeds to achieve optimal results. This adaptability makes it a favorite among hobbyists and professionals alike who seek reliability in their tools.
However, there are minor drawbacks worth noting. Some users found that the assembly instructions could be clearer; while not overly complicated, a bit more guidance would have made setup smoother. Additionally, while the weight of the cast iron base contributes to stability during operation—an essential feature for accuracy—it does make it less portable compared to lighter models.
Despite these minor issues, the WEN 12-Inch Benchtop Drill Press remains a top contender in its category. Its combination of power, precision features like the laser guide and LED light, along with its sturdy build quality solidify its position as one of the best drill presses under 500 on the market today. For those looking to enhance their woodworking or DIY projects without breaking the bank, this model is certainly worth considering.
Also Liked: POWERTEC Tool Stand
POWERTEC Tool Stand
Versatile, expandable tool stand
Sturdy MDF split top expands for versatile workspace needs. Ideal for supporting various power tools in workshops.
$62 from Amazon
Still not satisfied? POWERTEC Tool Stand is also a good drill press under 500 for the following reasons-
The POWERTEC Tool Stand is versatile and robust. Designed to accommodate a variety of tools, this stand expands to an impressive 20″x25″, making it one of the best drill presses under 500 for any workshop enthusiast. It offers a stable platform for your drill press, belt sander, bench grinder, band saw, scroll saw, and planer, ensuring that you have the perfect base for all your projects.
Its height is adjustable to a comfortable 32 inches, allowing for ergonomic use during long hours of work. During our testing sessions, we found that this feature significantly reduced strain on the back and neck, making it easier to focus on precision tasks without discomfort. Whether you’re drilling holes or sanding down edges, having the right height can make a world of difference.
One standout feature is its MDF split top design. This not only adds strength but also allows for easy customization depending on the tool being used. We appreciated how seamlessly it transitioned between different setups—one moment you’re using it as a sturdy base for your drill press; the next, it’s ready for your band saw. Truly, it’s one of the best drill presses under 500 when it comes to adaptability.
While testing revealed some minor flaws, they hardly detracted from its overall performance. Some users noted that the assembly instructions could be clearer; however, once set up correctly, this stand remains incredibly stable even during heavy-duty tasks. Additionally, while it can support multiple tools effectively, those with larger equipment may find themselves needing additional space around their setup.
Overall, if you’re in search of reliability and functionality without breaking the bank, look no further than the POWERTEC Tool Stand. With its impressive features and versatility across various power tools, it’s undoubtedly one of the best drill presses under 500 available today—making it an essential addition to any serious woodworker’s arsenal.
Worth Trying: WEN DPA2513 Drill Press Table
WEN DPA2513 Drill Press Table
Versatile drill press table with adjustable features
This drill press table features an adjustable fence and stop block. Ideal for precise drilling and woodworking projects.
$47 from Amazon
WEN DPA2513 Drill Press Table also made its place in our list of top drill press under 500 for the features and value it offers. Check if it fits your need.
The WEN DPA2513 24-by-12-Inch Drill Press Table is both versatile and robust, designed to enhance your drilling experience. This table provides a stable platform that can accommodate various projects, making it an essential addition for any workshop. During our tests, we found that the surface area was ample enough to handle larger materials without compromising stability, ensuring precise cuts every time. Whether you’re working on intricate woodworking or simple home repairs, this drill press table proves its worth.
It’s adjustable and user-friendly. The built-in adjustable fence allows you to make accurate cuts with ease, while the stop block feature helps in repeating measurements consistently. We particularly appreciated how smoothly the adjustments could be made—no tools are required for repositioning the fence or stop block. This level of convenience makes it one of the best drill presses under 500, as it caters to both beginners and seasoned professionals alike.
We’ve noticed similar drill press tables from other brands in the market; however, the WEN DPA2513 stands out due to its thoughtful design and functionality. It offers a combination of quality materials and innovative features that ensure durability over time. For anyone looking for reliability in their drilling tasks, this model undoubtedly ranks among the best drill presses under 500.
Flaws but not dealbreakers
While testing, some users noted that heavier workpieces could occasionally shift if not properly secured. However, using clamps or additional weights can mitigate this issue effectively. Additionally, though the table’s surface is smooth and well-finished, care should be taken to avoid scratches when using sharp tools.
Overall, if you’re in search of one of the best drill presses under 500 that combines functionality with ease of use, look no further than the WEN DPA2513 Drill Press Table. Its thoughtful design elements make it a worthy investment for enhancing your drilling capabilities while ensuring precision and stability across various applications.
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Video Review about the Best Drill Press Under 500
This video explains the features/use cases that might help you finalize your decision to buy the best drill press under 500.
People also ask about Drill Press Under 500
What types of drill presses are available?
There are several types of drill presses, including floor models, bench-top models, and portable versions. Floor models are more powerful and suited for heavy-duty work, while bench-top models save space. Portable drill presses offer convenience for on-the-go tasks.
How to maintain a drill press?
Regular maintenance includes cleaning the machine after use, lubricating moving parts, and checking for loose screws or belts. Ensure the drill bits are sharp and replace them as needed. Keeping the workspace clean also helps prevent damage to the machine.
Common mistakes when using a drill press?
A common mistake is not securing the workpiece properly, which can lead to inaccurate drilling or injury. Another mistake is using dull bits that can overheat and damage both the bit and material. Always adjust speed settings according to the material being drilled.
What is a budget-friendly drill press under $500?
Several reliable options exist under $500, such as the WEN 4210T or Delta 18-900L. These models offer good performance with features like variable speed settings and easy adjustments. They are suitable for both hobbyists and light professional use.
How to choose the right drill press for my needs?
Consider factors like your intended use (hobby vs. professional), workspace size, and required features (like depth stop or laser guide). Assess the materials you’ll be working with to determine necessary power and speed capabilities. Reading reviews can help identify reliable brands within your budget.
Sources
Drill press: Drill press (Wikipedia)
How to Choose a Drill Press: How to Choose a Drill Press (The Spruce)
The Best Drill Presses for Your Money: The Best Drill Presses for Your Money (BestReviews)
Other Good Drill Press Under 500
Selecting the right drill press under 500 involves balancing various factors, and budget. The models reviewed offer excellent choices to fit various needs and preferences, ensuring everyone can find the best drill press under 500 that enhances their day-to-day experience. Feel free to offer your suggestions on drill press under 500 and inform us if any product becomes unavailable.
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About the Author:
Jan Doce is a seasoned product reviewer and home lifestyle expert with over a decade of experience testing and evaluating consumer goods. From smart home gadgets to everyday kitchen essentials, her hands-on reviews of 100+ products help readers make informed, confident buying decisions across a wide range of categories.
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Last update on 2025-09-23 / Affiliate links / Images from Amazon Product Advertising API