7 Best Compound Bows Under $500

Left- & Right-Handed Bowhunters Can Appreciate These Affordable Compound Bows

Whether you're brand-spankin' new to bowhunting or are looking to replace your old compound bow, there's no need to shell out the better part of a mortgage payment. Your friends at Hook & Barrel did all the legwork in not only finding compound bows under $500, but compound bows that hunters can rely on. We also chose bows that supply both left- and right-handed versions because we know southpaws have the tendency to get left in the lurch. All right, enough dilly-dallying, onto our list of the top compound bows under $500:

Diamond Edge 320 Compound Bow - $419.95 - $424.95

First on our list of compound bows under $500 is the Diamond Edge 320 Compound Bow. Powered by Bowtech's Synchronized Binary Cam System, the Diamond Edge 320 delivers an impressive arrow velocity of 320 fps. It features an adjustable draw length ranging from 15 to 31 inches, and its limb system allows for a customizable draw weight from as low as 7 lbs. to a substantial 70 lbs. The design ensures flawless, straight-line nock travel and exceptional tuneability that remains consistent.

Bear Archery Cruzer G3 Compound Bow Package - $369.98 - $419.99

The latest model in the celebrated Cruzer line, the Cruzer G3 Compound Bow Package from Bear Archery offers bowhunters adaptability and optimal performance. Suitable for bowhunters of all skill levels and ages, the Cruzer G3 features a draw length adjustment from 14" to 30", an axle-to-axle length of 30", and a wide draw weight range from 10 lbs. to 70 lbs. Its dual cam system delivers both extensive adjustment capability and the power to launch arrows up to 315 fps. The bow's 75% let-off allows hunters to hold at full draw before taking the shot. The package includes a 3-pin sight, Whisker Biscuit Arrow Rest®, quiver, stabilizer and sling, peep, and D-loop.

PSE Archery Uprising RTS Compound Bow Package - $299.99

Thanks to its press-free adjustments, the PSE Archery Uprising RTS Compound Bow Package is engineered to advance along with you as your skills improve. This versatile starter bow can develop into a field-ready performer, with a draw weight range of 12-72 lbs. and a draw length adjustment of 16" (14"-30"). The cams deliver both excellent field performance and adaptability, shooting arrows at speeds up to 302 fps with simple screw-in draw length adjustments. It features a 70% let-off, an axle-to-axle length of 30", a brace height of 6.625", and weighs in at 3.2 lbs. This ready-to-shoot package includes a 3-pin sight, arrow rest, a 5-arrow quiver, and a 6" stabilizer.

BlackOut Faze Compound Bow Package - $299.99

The BlackOut Faze Compound Bow Package boasts a highly adjustable design that's perfect for smaller-framed hunters. With a draw weight range from a light 5 lbs. to a hefty 60 lbs. and a draw length adjustment from 13" to 28", the Faze ensures a perfect fit for just about anyone. Its easy-to-adjust design allows for simple draw length and weight adjustments using an Allen wrench, eliminating the need for a bow press.

Delivering the performance expected from BlackOut bows, the Faze dispatches arrows at speeds up to 300 fps. Measuring just 29-1/4" axle-to-axle, with a 75% let-off and a smooth draw cycle, this bow is ideal for youths, ladies, and other smaller-statured bowhunters. The RockStops offset string suppressor reduces noise and vibration to help keep you stealthy. This versatile package is ready to hunt right out of the box, featuring a 6.25" brace height and including a Trophy Ridge Mist sight, BlackOut 5-Spot quiver, BlackOut Whisker Biscuit, peep sight, and a nock loop.

Bear Archery Legit RTH Compound Bow Package - $379.98 - $429.99

The easy-to-adjust Bear Archery Legit RTH Compound Bow Package offers versatility that is suitable for all ages and skill levels. This high-performance bow offers simple adjustments and a smooth draw cycle to deliver optimal performance in the field. With a draw weight range of 10 lbs. to 70 lbs. and a draw length that's adjustable from 14" to 30", the Legit ensures user-friendly operation for almost any bowhunter.

Its dual cam system and 75% let-off allow for a smooth draw every time, launching arrows at speeds up to 315 fps. Compact and maneuverable, this bow measures just 30" axle-to-axle and weighs only 3.6 lbs. An offset string suppressor and string dampeners reduce vibration and game-spooking noise. This package includes a Trophy Ridge® 4-pin sight, Trophy Ridge 5-arrow quiver, Whisker Biscuit® arrow rest, Trophy Ridge Blitz stabilizer and sling, no-tie peep sight, and D-loop.

Diamond Edge XT Compound Bow Package - $399.99

The Diamond Edge XT Compound Bow Package is designed to offer unparalleled adjustability and deadly accuracy without a hefty price tag. Loaded with industry-leading tech, this bow provides exceptional stability and precision with a wide range of adjustments to accommodate bowhunters of all skill levels. Featuring a caged aluminum riser for maximum stability and rigidity, the Edge XT's ultrawide quad limb design enhances stability at full draw, ensuring consistent and accurate shots.

The rotating module system allows for easy draw length adjustments from 19" to 31", providing a customized draw in no time at all. The bow offers a brace height of 6.75" and 50 lbs. of draw weight adjustment that can deliver arrows up to a speed of 300 fps—perfect for whitetail hunters. Weighing just 3.7 lbs. and measuring 31" axle-to-axle, this bow is lightweight and easy to move around with. A carbon string stop absorbs and dampens excessive string vibration and noise. The package includes a 3-pin sight, Octane® Furnace 4-arrow quiver, brush arrow rest, 5" stabilizer and wrist strap, and peep sight.

BlackOut Distinct Compound Bow Package - $428.98

Last on our list of compound bows under $500 is The BlackOut Distinct Compound Bow Package. The Distinct combines a perfect blend of optimal performance and adjustability. The Distinct was designed using an advanced DHC-XR cam system to provide a wide draw length range of 18" to 31" to deliver arrow speeds up to 325 fps. With a sturdy design, a smooth draw, and an 85% let-off, you can confidently hold steady on your game before taking the shot.

The bow measures 31" from axle to axle, making it easy to handle in a stand or in a ground blind. It has a brace height of 6.25" and a draw weight range of 25 to 70 lbs. The package includes a 3-pin sight, BlackOut 5-arrow quiver, BlackOut Biscuit arrow rest, stabilizer with a sling, Tru Peep, and D-loop.

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