When selecting the best projectors under $500 for home or office, look through this review to find affordable, reliable, and multi-functional products from popular manufacturers. Any of the items can become a good replacement for your TV providing a good-quality picture to all people in the room regardless of where they sit.
I've tested the eight devices for you to describe their characteristics, areas of application, pros, and cons. Keep reading to choose one of the best home projectors under 500 dollars for enjoying the movies, playing music, sharing the slideshows, and even playing games.
Why can this model become your best 1080p projector under 500 dollars? At least for the quality of the picture it produces. The brightness of 3,800 lumens ensures a vivid picture even in daylight. The high contrast and branded Super Color tech are responsible for the consistent and precise color reproduction.
It was a nice surprise to see the screen color calibration options for adjusting the projector’s color settings to personal needs. You can change the sharpness, saturation, or color balance to customize the viewing experience of movies or presentations.
This is also one of the best TV projectors under 500 dollars because of its versatility. This model performs equally well for multiple purposes: home entertainment, business conferences, presentations, pitches, and even small classrooms. Depending on the activity type and room size, it’s possible to regulate the device's brightness or choose the standard mode. A vertical keystone correction serves to adjust the image's top and bottom when placing the projector.
The device powers off automatically when I switch off the source. Besides, it also features the sleep mode that requires setting the timer manually. Apart from the Eco mode, the device implies the SuperEco one, reducing your energy use by 70%, extending the lamps’ lifespan to about 15,000 hours.
Choosing the best movie projector under 500 dollars, I also appreciate the ability to hook up another device. This model does an excellent job, allowing broadcasting videos from any source (media players, computers, TVs,) through an HDMI, dual VGA, micro USB, and composite inputs. The unit has audio in and out as well for being connected to an acoustic system.
Pros
The device projects 3D videos.
You can easily set it up and carry it around that makes the projector a perfect option for giving presentations.
Cons
The overall sound quality is below average. Hence, I’d recommend using an external speaker.
The lens can leave not crucial but still noticeable blurred shadows on the projected image.
The device can become the best LCD projector under 500 dollars due to its small size and the ability to keep the brightness on the same level in any light. At the same time, 800 x 600p resolution is perfect only for PowerPoint presentations. Even here, it’s necessary to consider using large texts and graphics. Otherwise, the graininess will be visible, and the text will not be legible. Still, the unit is a nice solution for everyday business use.
Another reason to put this model among the top projectors under $500 is the sound quality. It's clear by default, producing no audible distortion. The slide position adjustment is a piece of cake thanks to the horizontal keystone correction. Besides, the vertical one is also included and can be controlled both manually and automatically. The digital 1 – 1.35 zoom range allows for a screen’s optimal size when it’s challenging to keep the proper distance from the screen. Using zoom doesn't compromise the image quality.
This product is made with VGA, HDMI, composite, and 2 USB ports, featuring the Wi-Fi connection as well. So, it provides cable-free connections with different sources, including mobile devices.
Pros
The fan doesn't emit much noise during the operation.
The device is ceiling mountable and has 3 feet for placing it on the table and regulating the height.
The remote control is in the package (with batteries included).
Cons
The manufacturer doesn't provide a case or a bag together with the device.
There's no headphone jack, so it’s necessary to buy the HDMI audio converter separately to hook up the unit to the sound system.
This model can be the best projector for under 500 dollars because of its bold design. A tiny red cylinder is only 4.72 inches high and 2.67 inches across. This 360-degree speaker reproduces an immersive sound in a small room. Although its quality leaves something to be desired, you can always connect the unit to a wireless Bluetooth speaker.
The portable Android-based item can work on a battery to let you enjoy the outdoor activities for hours.
The device’s native 854 x 480 pixels are great for slideshows. Of course, it’s not the best parameter for watching movies, but this problem isn't noticeable when sitting 2 or 3 feet away from the screen.
What is another reason to consider this item as the best home projector under 500 dollars? First, it offers many wireless connectivity options for sending images and videos to the projector: Wi-Fi, Bluetooth, and screen mirroring. Second, the HDMI input allows streaming content from the TV, computer, or player, while USB serves to hook up a mobile device.
A remote with a mouse button that allows using the cursor during a presentation is a nice touch.
Pros
I could call this item the best video projector under 500 dollars because battery life is long just as stated (I've been watching movies for 4 hours without a break).
The unit doesn't make much noise. It’s not annoying, even while using the projector at a minimum sound level.
Cons
The device sometimes disconnects from Wi-Fi for no reason
The unit’s 500 lumens are enough to enjoy movies in dimmer rooms only.
I believe that the PX701HD may become the best gaming projector under 500 dollars for homes and offices due to its excellent colors without shades and moderate contrast. Besides, the item’s 3,500 lumens ensure an enjoyable viewing experience in both dark and well-lit rooms. Moreover, the unit can project 3D content to a two-dimensional surface from any laptop, tablet, or player. Don't forget that this item works only with DLP glasses.
The full HD resolution (1,920 x 1,080 pixels) makes this unit perfect for home theaters and provides a seamless gaming experience. A low lag time of 16.4ms also makes the unit a fit for gamers.
The internal 10-watt speaker reproduces an impressive sound in small and medium-sized rooms. Of course, it lacks bass, but you can fix it by using an acoustic system.
This 1080p projector under 500 dollars is manageable via a remote. The vertical keystone control allows calibrating the screen by 40 degrees. The Movie, Brightest, Sports, Standard, and Gaming modes improve the picture depending on the displayed content. For example, the Gaming setup makes dark areas brighter, while the Movie mode enhances color accuracy.
Pros
It has a foot for height adjustment at the bottom.
2 HDMI ports allow hooking up several video sources at a time
Cons
The USB port is for service only.
You should spend time on calibration since the quality of the image is below average by default.
The PJD5134 renders SVGA (800x600) native resolution at a 4:3 aspect ratio and sufficient nominal brightness of 2800 lumens. It has a pretty big set of connections: 2 VGA inputs (which can work with component video), 1 VGA output, audio input, and output connectors, S-Video, RCA connector for composite video, and a mini-USB type B port for the mouse remote control. All of them work seamlessly. The overall quality of the projected text is satisfactory, although the smallest size of white text on black is somewhat blurred but readable. It has a quick turn-off function and vertical keystone correction that allow you to efficiently and easily manage the projector.
Pros
The picture (about 55 inches diagonally) is visible enough in conditions with enough ambient light.
The Non-filter and energy-saving ECO modes provide long service life and low operating costs.
Being a lightweight device (4.6 pounds), it is equally convenient to use for mounting on a table or under the ceiling.
Cons
The red color is somewhat muffled and the yellow looks mustard.
Some images have an unpleasant rainbow effect. It appears as small red-green-blue flashes, usually in bright areas against the dark background.
Those wondering where to find the best home theater projector under 500 dollars, can take a closer look at the Optoma HD146X. This model projects HD and 3D content (but not the HDR and 4K formats), ensuring a nice viewing experience with decent brightness, and a high but still natural contrast. Both colors and sharpness are flawless, making it possible to enjoy the movies on up to 301-inch screens.
Besides, I wouldn’t recommend enabling the Picture mode since the colors lose their accuracy that requires the largest possible amount of the output light to fix the issue.
This Optoma can be the best projector under 500 dollars, as it provides multiple color settings & adjustment options. I was particularly fascinated with its Dynamic Black feature that changes the light intensity depending on a particular scene. The Wall Color option keeps the same levels of color accuracy when projecting to the walls of different colors. The Brilliant Color adjustment increases overall contrast but makes the colors less natural.
The in-built speaker has only 3 watts of power, so it's better to add an external sound system for improving the sound. The device has a 4,000-hour lamp life with the opportunity to extend it up to ten thousand hours in the Eco mode. Not bad for an entry-level projector, I should say.
Pros
The USB connection allows streaming content from various USB-capable devices, like Amazon Fire or Roku Stick.
The Enhanced Gaming mode reduces the lag up to 16.4ms, making this unit suitable for gaming.
Cons
The fan produces too much noise when activating the Dynamic Black option.
I've noticed a slight rainbow effect while the projector's operation.
Those dreaming about watching big-screen movies should get this best HD projector under 500 dollars with a resolution of 1280 x 720. The item's dimensions are compact: it's just 5.9 inches high and 31.5 inches across. So, you can carry it around effortlessly and place it on any table or tripod. The 8-watt speaker is surprisingly powerful for such a portable device, and its design allows delivering 360-degree sound.
The Android-powered unit features many out-of-the-box apps to stream content from different services. This unit is considered to be one of the best projectors for home theater under 500 dollars since it works as a multi-functional entertaining center rather than a simple projector thanks to its Bluetooth and Wi-Fi capability.
The device is equipped with a 3.5mm audio out, the HDMI, and USB ports located on the back. The control buttons are on top. Remote control and a Nebula mobile app help the users manage the item. The autofocus and keystone enhance the image position automatically.
Pros
The onboard screen mirroring allows projecting images from other devices (tablets, smartphones, laptops).
It can serve as a charger for mobile devices.
Cons
The battery holds charge only for 1.5 hours instead of the 4 hours claimed by the manufacturer (the last is possible only in a reduced brightness mode).
Let me present one of the best home theater projectors under 500 dollars for portable use (it measures only 5.2 x 2.6 x 2.6 inches) and many applications. While testing the Apollo, I've made sure it's an excellent all-in-one device for playing videos, holding presentations, listening to music, and streaming content from the USB drives and plenty of Android apps.
I would recommend this model as the best projector under 500 dollars because it has several control methods (manual buttons, remote, and mobile app) and a built-in 360-degree speaker. The latter allows for producing a surround sound regardless of the item’s placement. Meanwhile, I've noticed that the device works only for dark rooms. Its 200 ANSI lumens make the picture's colors fade in a well-lighted place
Pros
The Nebula Connect app has been developed for both Android and iOS operating systems.
A unit is equipped with a battery, so you can use it outdoors.
Cons
The device cannot work as a Bluetooth speaker and project content simultaneously.
The touchpad is too sensitive, making it hard to control the device.
Resolution: 1280 x 800 Maximum Resolution: 1920 x 1200 Screen Size (inches): 60 - 180 
Resolution: 800 x 600 Maximum Resolution: 1400 x 1050 Screen Size (inches): 50 - 150 
Resolution: 800 x 600 Maximum Resolution: 1600 x 1200 Screen Size (inches): 30 - 300 
