Best Compound Bows Under $500

There are some seriously expensive compound bows on the market!  Sure, they look fantastic and may help you achieve 5 or 10 FPS more than your current compound bow — but are they really worth the extra money?

In most cases, only highly trained archers can notice a significant difference in the performance of a $1000 compound bow compared to a $500 compound bow.  If you are an amateur sportsman or recreational hunter, you might not even see an improvement in your shooting.

If you carefully choose your bow, you can obtain excellent results from a product under $500.  The key is to do your research, think about how you will be using the bow and think about your personal preferences.  You can save a lot of money by spending a little more time picking the right bow.

This guide will take a closer look at the Best Compound Bows Under $500 to help you find the perfect bow for your shooting style and budget.  These bows have been rigorously tested and were all found to deliver exceptional levels of performance!

Jump to the Best Compound Bows Under $500 or read on for our compound bow buying tips!

Choosing the right compound bow under $500

Here are a few simple tips for choosing the right compound bow under $500:

Choose a bow that matches your shooting style

Different styles of archery benefit from using different types of compound bows.  For example, a hunter would benefit from having a compound bow that is shorter and lighter than what a sportsperson would use when performing target archery.  Think about the kind of archery you will be performing — do you need a specialized hunting bow, an all-rounder bow or a bow designed for sports archery?  Look for a bow designed specifically for you shooting style.

Choose the appropriate draw weight

It doesn’t matter if you are using a $2000 bow or a $200 bow — if you have the wrong draw weight, your shooting will be inaccurate!  The draw weight refers to how much strength is required to pull the bow string back.  Most compound bows can achieve a specific range of draw weights.

In most cases, an adult male should use a bow with a draw weight of between 45-75 lbs and an adult female should a compound bow with a draw weight of between 25-55 lbs.  Your weight, height, strength and personal preference will all combine to determine how heavy the draw weight on your bow should be.

Some states have a minimum draw weight requirement for compound bows used to hunt animals.  This is to ensure that the projectiles fired at an animal will carry enough velocity to kill the animal immediately.  If you are interested in hunting deer, for example, your bow should have a draw weight of between 40 to 60 lbs to achieve the high velocities necessary for hunting large game.

If you choose a bow with a draw weight is too heavy for you to manage, your accuracy will suffer and you may injure yourself.

Choose the right draw length

The draw length refers to how far you pull the bow string back before firing.  To choose the appropriate length, straighten your arms at should height as if you were forming the letter “T”.  Have someone measure the distance in inches from fingertip to fingertip then divide that number by 2.5.

Choose the right let-off setting

Compound bows have a lower draw weight towards the end of the stroke.  This makes it easier to aim the bow once you have pulled the bow string all of the way back.  If the bow has a high let-off, there is less pressure at the end of the stroke, if it has a low let-off, there is more pressure.

You might be wondering why you would choose a bow with a low let-off?  It’s because it allows the bow can achieve faster feet per second (FPS) speeds.  A bow with a high let-off can also feel a bit too “loose” for some people.  Most people opt for a bow with a mid or high let-off, but you might prefer the additional FPS from a lower let-off.

Other things to consider:

In addition to design, draw weight, draw length and let-off setting, consider the following attributes of the compound bows you look at:

  • Peep sight
    If you are an experienced archer, you might prefer a small 1/16” peep sight on your bow.  If you prefer a peep sight that is easier to use, opt for a 1/8” or even a 3/16”.
  • Feet per second (FPS)
    Faster bows are capable of being more accurate at range and penetrating targets.  However, faster bows will have more draw weight.  Only choose a fast FPS bow if you really need it.
  • Length and weight of the bow
    If you are using the bow for hunting, you may be shooting from awkward positions.  Because of this, you should opt for a shorter bow that is easier to handle.  If you are interested in sport archery, choose a longer bow with more stability and less vibration.

Compound Bows Under $500

The following bows are affordable, well-made and a real pleasure to use.  They provide excellent value-for-money and won’t break the bank!

Diamond Archery Infinite Edge Pro Bow PackageBear Archery Cruzer Ready to Hunt Compound Bow PackageDiamond By Bowtech Core Right Hand Compound Bow Quest Radical Right Hand Package
Martin Archery Xenon 2.0
Rating: 4.5/5Rating: 4.8/5Rating: 4.3/5Rating: 4.6/5Rating: 4.5/5
Draw Weight: 5-70lbsDraw Weight: 5-70lbsDraw Weight: 40-70lbsDraw Weight: 40-55lbsDraw Weight: 30-70lbs
Draw Length: 13” to 30”Draw Length: 12” to 30”Draw Length: 25” to 30”Draw Length: 17.5” to 30”Draw Length: 25” to 31”
Speed: 310 fpsSpeed: 310 fpsSpeed: 320 fps Speed: 295 fpsSpeed: 330 fps
Manufacturer: Diamond ArcheryManufacturer: Bear ArcheryManufacturer: Bowtech CoreManufacturer: QuestManufacturer: Martin Archery
Price: $Price: $Price: $$$Price: $$Price: $$$
  • Diamond Archery Infinite Edge Pro Bow Package
  • Rating: 4.5/5
  • Draw Weight: 5-70lbs
  • Draw Length: 13” to 30”
  • Speed: 310 fps
  • Manufacturer: Diamond Archery
  • Price: $
  • Bear Archery Cruzer Ready to Hunt Compound Bow Package
  • Rating: 4.8/5
  • Draw Weight: 5-70lbs
  • Draw Length: 12” to 30”
  • Speed: 310 fps
  • Manufacturer: Bear Archery
  • Price: $
  • Diamond By Bowtech Core Right Hand Compound Bow
  • Rating: 4.3/5
  • Draw Weight: 40-70lbs
  • Draw Length: 25” to 30”
  • Speed: 320 fps
  • Manufacturer: Bowtech Core
  • Price: $$$
  • Quest Radical Right Hand Package
  • Rating: 4.6/5
  • Draw Weight: 40-55lbs
  • Draw Length: 17.5” to 30”
  • Speed: 295 fps
  • Manufacturer: Quest
  • Price: $$
  • Martin Archery Xenon 2.0
  • Rating: 4.5/5
  • Draw Weight: 30-70lbs
  • Draw Length: 25” to 31”
  • Speed: 330 fps
  • Manufacturer: Martin Archery
  • Price: $$$

Diamond Archery Infinite Edge Pro Bow Package

diamond-archery-infinite-edge-pro-bow-packageRating: 4.5 / 5

Draw Weight: 5-70 lbs

Draw Length: 13” to 30”

Speed: 310 fps

At less than $300, this bow delivers great performance and excellent value for money.  Diamond Bows is a brand owned by Bowtech, who  are one of the largest bow manufacturers in the world.

This bow is extremely versatile, allowing it to be used both hunting and sports target shooting.  This high level of versatility also means that archers of all skill levels can use it well.  The draw length and draw weight can be fine tuned to suit your shooting style.

Bear Archery Cruzer Ready to Hunt Compound Bow Package

bear-archery-cruzer-ready-to-hunt-compound-bow-packageRating: 4.8 / 5

Draw Weight: 5 to 70 lbs

Draw Length: 12” to 30”

Speed: 310 fps

Bear Archery make affordable bows that perform well for both hunting and archery sports.  This bow has been designed for hunters, with an easy motion and shorter profile.  It is easily adjustable to allow hunters to make changes while in the field and it has a very wide draw length adjustment range.  It is designed to be handled by people of all ages, from young children up to adults.  It has a wide draw range and a draw weight that starts as low as 5 pounds.  This is a great all rounder and has quality components that are built-to-last.

Diamond By Bowtech Core Right Hand Compound Bow

diamond-by-bowtech-core-right-hand-compound-bowRating: 4.4 / 5

Draw Weight: 40 to 70 lbs

Draw Length: 25” to 30”

Speed: 320 fps

This is another versatile rig that is sent “ready to shoot” so you can immediately begin enjoying your archery.  It is a particularly strong bow for hunting and is capable of shooting projectiles at very high velocities.  The single cam system and idler wheel are made of machined aluminum and work very smoothly.  This bow does require a fair amount of strength to operate because of the heavy draw weight, however, it is an excellent choice for archers interested in hunting.

Quest Radical Right Hand Package

quest-radicalRating: 4.6 / 5

Draw Weight: 40 to 55 lbs

Draw Length: 17.5” to 30”

Speed: 295 fps

This is a dual cam bow with a split limb design.  It has a forged 6061 aluminum riser that is super-tough and designed to handle the worst conditions.  This bow is designed for adults and suitable for all types of archery.  This package includes everything you need including a 6 arrow quiver, suppressor, rest, G5 stabilizer, peep, G5 wrist sling and a 4 pin sight

Martin Archery Xenon 2.0

martin-archery-xenonRating: 4.5 / 5

Draw Weight: 30 to 70 lbs

Draw Length: 25” to 31”

Speed: 330 fps

The Martin Archery Xenon 2.0 is an advanced single cam bow that is packed with features.  It is a very powerful bow that is perfect for hunting.  It features a machined aluminum riser and advanced limb angle which make it incredibly responsive.  It is a low weight bow, which makes it even better for hunting!

We hope you enjoyed reading about the Best Compound Bows Under $500.  These bows are all great quality and will deliver years of use. Need a recurve bow? Make sure you check out our best recurve bows for beginners