The 5 Best Toaster ovens under $500
Five toaster ovens under $500, compared by practical comparisons, product format, documented specifications and fit for the intended use.
Our top 5 toaster ovens under $500
Swipe to compare price, rating and best use →
| Product | Price | Rating | Best for |
|---|---|---|---|
01 Elite Gourmet ETO236Details ↓ | $29.99 | 4.0/5Amazon | Best overall |
02 BLACK+DECKER Crisp N BakeDetails ↓ | $61.99 | 4.1/5Amazon | Best for small kitchens that also want air frying |
03 BLACK+DECKER TO1313SBDDetails ↓ | $59.99 | 4.3/5Amazon | Best for everyday toast, reheating and small-batch baking |
04 Hamilton Beach 31156 2-in-1Details ↓ | $99.95 | 4.4/5Amazon | Best for replacing a separate toaster and small oven |
05 Nuwave Bravo 30 QTDetails ↓ | $199.99 | 4.4/5Amazon | Best for air fryer toaster oven |
01 — Elite Gourmet
Best overallElite Gourmet ETO236
The compact budget choice. A very small, inexpensive toaster oven for basic toast and reheating where countertop space is tight. ETO236 2-Slice Toaster Oven matches this comparison and is strongest for tiny kitchens, dorms and basic reheating.
View on Amazon ↗Tiny kitchens, dorms and basic reheating
You need convection, air frying or family-size capacity.
Reasons to buy
+Timer: 15 minutes
+Capacity: 2 slices
+Timer
Reasons to avoid
−Only a 15-minute timer
−Two-slice capacity
- Capacity
- 2 slices
- Functions
- Bake, toast, warm
- Timer
- 15 minutes
02 — BLACK+DECKER
Best for small kitchens that also want air fryingBLACK+DECKER Crisp N Bake
A useful air-fry upgrade under $100. A five-function compact oven that adds air frying without exceeding this guide’s budget. Crisp ’N Bake 4-Slice Air Fry Toaster Oven matches this comparison and is strongest for small kitchens that also want air frying.
View on Amazon ↗Reasons to buy
+Controls: Manual
+Capacity: 4 slices
Reasons to avoid
−Measure its outside width, depth and required ventilation clearance, not just the advertised food capacity
−Manual operation takes more hands-on effort
- Capacity
- 4 slices
- Functions
- Air fry, bake, broil, toast, keep warm
- Controls
- Manual
03 — BLACK+DECKER
Best for everyday toast, reheating and small-batch bakingBLACK+DECKER TO1313SBD
The strongest low-cost all-rounder. A compact convection toaster oven with room for a 9-inch pizza and straightforward manual controls. TO1313SBD 4-Slice Toaster Oven matches this comparison and is strongest for everyday toast, reheating and small-batch baking.
View on Amazon ↗Everyday toast, reheating and small-batch baking
You want integrated air frying or six-slice capacity.
Reasons to buy
+Convection bake setting
+Controls: Manual
+Capacity: 4 slices / 9-inch pizza
Reasons to avoid
−Exterior can become hot
−Manual timer is less precise than digital controls
- Capacity
- 4 slices / 9-inch pizza
- Functions
- Bake, broil, toast, keep warm
- Controls
- Manual
04 — Hamilton Beach
Best for replacing a separate toaster and small ovenHamilton Beach 31156 2-in-1
The Hamilton Beach 31156 puts a six-slice countertop oven beside a long-slot two-slice toaster. It can replace two appliances for a small kitchen, provided the extra width fits the counter; baking and broiling use manual controls.
View on Amazon ↗Replacing a separate toaster and small oven
You want to stay well below the budget ceiling.
Reasons to buy
+Controls: Manual
+Capacity: 6-slice oven plus 2-slice slot
+Timer
Reasons to avoid
−Sits just
−Unusual layout needs more width
- Capacity
- 6-slice oven plus 2-slice slot
- Functions
- Bake, broil, toast
- Controls
- Manual
05 — Nuwave
Best for air fryer toaster ovenNuwave Bravo 30 QT
The Nuwave Bravo is a 30-quart convection air-fryer toaster oven with adjustable controls. Its large cavity is suited to family-size batches; the trade-off is the counter space it occupies compared with a compact four-slice oven.
View on Amazon ↗Reasons to buy
+The Nuwave Bravo 30-quart model gives more oven space and adjustable cooking settings for larger batches
+30 QT
+Convection
Reasons to avoid
−Takes dedicated counter space
Price information
Amazon price and availability checked Oct 17, 2026, 10:40 PM Lisbon time. Prices and availability are subject to change; the information shown on Amazon.com at purchase applies.
Our process
How we picked.
We compare five relevant products for different needs, using documented specifications, clear use cases and practical trade-offs. Our goal is to make the differences clear and help you choose with confidence.
- 01Relevance
Each product must fit the guide’s intended use, audience and requirements.
- 02Specifications
We compare the key product details that meaningfully affect the buying decision.
- 03Use case and fit
We compare the intended use, configuration and practical fit of every selected product.
- 04Strengths and limitations
We explain where each option performs best and the compromises to consider.
Good questions
FAQ — Toaster ovens under $500
01What changes when spending more on a toaster oven?+
Higher-priced models may add cooking modes or a larger cavity, but those are useful only if they fit your cookware and counter. Check internal dimensions before choosing.
02How do Elite Gourmet ETO236 and BLACK+DECKER Crisp N Bake differ?+
The compact budget choice. A useful air-fry upgrade under $100.
03What are the limits of the BLACK+DECKER TO1313SBD?+
The strongest low-cost all-rounder. A compact convection toaster oven with room for a 9-inch pizza and straightforward manual controls. TO1313SBD 4-Slice Toaster Oven matches this comparison and is strongest for everyday toast, reheating and small-batch baking.
04Can the Hamilton Beach 31156 2-in-1 replace a separate toaster?+
The Hamilton Beach 31156 puts a six-slice countertop oven beside a long-slot two-slice toaster. It can replace two appliances for a small kitchen, provided the extra width fits the counter; baking and broiling use manual controls.
05When should I choose Nuwave Bravo 30 QT?+
The Nuwave Bravo is a 30-quart convection air-fryer toaster oven with adjustable controls. Its large cavity is suited to family-size batches; the trade-off is the counter space it occupies compared with a compact four-slice oven.
The short answer
Start with the Elite Gourmet ETO236.
It is our first pick for this guide’s exact scope. Choose another option when its stated use case or trade-off better matches yours.
View on Amazon ↗Keep looking
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