You may have noticed that we haven't included any OLED displays in our guide to the best TVs under $500. The reason? There simply aren't any OLED TVs currently available for that amount. 

In the past, smaller versions of LG's A-series OLEDs went on sale for around $500. But those models are no longer sold, and even when they were, we never saw them dip below the $500 mark. 

Right now, the most affordable OLED TV is the LG 48-inch B5, which sometimes goes on sale for $600. For more OLED recommendations, check out our guide to the best OLED TVs. And head over to our QLED vs. OLED comparison for details on the pros and cons of each panel type.

Virtually all 85-inch and larger TVs from major brands cost over $500. For that reason, we have not included any displays bigger than 75 inches in our guide to the best TVs under $500.

If you're looking for recommendations for those larger sizes, visit our guides to the best 85-inch TVs and best 100-inch TVs.

Yes, the best TVs under $500 are worth the money, but you should be aware of certain performance limitations that are common when shopping for TVs in this price range. 

First, you'll need to settle on a TV with a QLED or LED panel rather than an OLED. Second, you should expect peak brightness for models in this price range to top out at around 600 nits. Third, you should focus on models that are 75 inches or smaller. And finally, there are certain companies that tend to offer better overall value in this class.

Advanced picture quality features like quantum dots, local dimming, and even Mini LED backlights can be found on TVs for under $500, but these models are usually sold by value-oriented brands like Hisense, TCL, Vizio, Roku, and Amazon. 

In our experience, quality control from these companies isn't on the same level as that from more expensive brands like Samsung, Sony, and LG. But none of the slight inconveniences we've encountered are troublesome enough to prevent us from recommending their displays.

Samsung, Sony, and LG also sell TVs for under $500, but their offerings provide worse image quality than similarly priced models from the competition. However, if you're willing to spend substantially more than $500, you can find excellent high-end TVs from those brands with better features and build quality than cheaper options. 

For more TV recommendations across budgets and sizes, check out our other TV guides:

• Best TVs
• Best smart TVs
• Best gaming TVs
• Best 4K TVs
• Best TVs for sports
• Best Samsung TVs
• Best LG TVs
• Best frame TVs