Every guitar player wants the perfect guitar, but can it be done without breaking the bank? Here we take a look at 10 of the best guitars under $500. Guitars come in many different shapes, colors, sizes, configurations and voicing. Below, we cover everything from guitars that will give beautiful clean and acoustic tones to hard rock machines that will get you excited to come back for more. There are a lot of guitars that fall in this price range, but we have looked at the best from every major manufacturer and broken down the key features and tech specs that add value to set these guitars apart from the rest of the competition in their category. We have also provided links to some of our favorite demos in order to give you a feel of each guitar in the way that matters most, to your ears.