The Home Spot

Best Benchtop Drill Press Under $500 – Top 5 Pickups

A Benchtop drill press is an essential instrument in any workshop, whether you’re a DIY enthusiast, a woodworking hobbyist, or a professional contractor.

Benchtop drill presses are strong equipment that can drill precise holes in metal, wood, and plastics. They provide various advantages, including accuracy, consistency, and adaptability.

Hand-held drills just cannot compare to the accuracy, power, and convenience they provide.

In this post, we’ll examine the advantages of utilizing a floor drill press and offer you professional guidance on picking the right one for your requirements. With our help you can pic best Benchtop Drill Press Under $500.

In addition, we’ll offer two suggestions to help you get the most out of your drill press and advance your tasks.

My father runs a prestigious local furniture factory for 20 years. and now it’s our family profession. We have tried almost every kind of drill press from different companies. With our expertise, research, and experience I’ve mentioned below some best benchtop drill presses under $500. Trust me, these are the best you’ll ever get at these affordable prices.

Tip: before buying a benchtop drill press under $500, make sure to check the specifications and read customer reviews to ensure you get the best value for your money.

A Quick table of bestselling benchtop drill press under $500

How to choose the best Benchtop drill press under $500

There are numerous key factors to consider when selecting the Best Benchtop drill press under $500 to guarantee you make an informed decision:

How to choose the best Benchtop drill press under $500
  • Power and Speed: Look for a drill press with a motor that is powerful enough to tackle your jobs while also having changeable speed settings to accommodate different materials and drilling applications.
  • Chuck Size: The greatest diameter of the drill bit you can use is determined by the chuck size. Check that the drill press’s chuck size is compatible with the drill bits you intend to use.
  • Table Size and Adjustability: Consider the table’s size and adjustability to ensure it can handle your workpiece and allow for precise drilling angles.
  • Depth Stop and Depth Gauge: These features aid in maintaining constant drilling depths and preventing over drilling.
  • Build Quality and Durability: Seek a floor drill press that is composed of high-quality materials that can resist heavy use and last a long time.

By taking these criteria into account, you can select the best floor drill press under $500 that matches your demands and provides dependable performance for years to come.

Read Also: How To Use a Drill Press Safely

Top Benchtop Drill Press Under $500

Drawing from our 5-year experience with this tool. I’ll admit that the products of WEN have been a staple in the world of power tools, and their 4214 12-Inch Variable Speed Drill Press is no exception. I personally suggest that it is the best benchtop drill press for under $500 to buy.

Pro Tip: It’s an excellent product. If you want detailed information and a review about This Product Read: WEN 4214 vs 4214T Drill Press– A Complete Guide

This drill press is a top contender for the best floor drill press under $500, and it’s not hard to see why. With speed ranges from 580-3200 RPMS, this drill press can handle a wide range of materials and applications.

The spindle travel of 3-1/8″ and quill diameter of 2.17 inches make it ideal for drilling deep and precise holes. The motor operates at 120 V, 60 Hz, and the laser module is Class III.

The WEN 4214 also includes a table roller extension, 5/8″ keyed chuck & key, and tools for assembly, making it a complete package for any workshop.

“This far beyond that old one. Light and laser guide. Easy service assembly. If you can’t left more then 25lbs easily I would recommend getting some help. You do need a table stand or bench space. I got one at 28 inches for my height.

There is a chuck key holder and I also paired this machine with a fence which will increase accuracy for some projects. Adjusting the speed is easy and awesome compared to belt driven. If I had space I would upgrade to the floor model.”

– echo1er (Amazon)

Whether you’re a professional or a DIY enthusiast, the WEN 4214 12-Inch Variable Speed Drill Press is an excellent investment for all your drilling needs with affordable prices.

The manufacturer of this drill is WEN. So, there’s no need to tell you why this drill press is on #2. Well, it’s not much powerful or professional tool. But at this price, you’ll never find its match in the nearly $200 range.

The WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press is a great option and Best selling drill press on Amazon. With a 2.3A induction motor, an 8-inch swing, and 2-inch spindle travel, this drill press is perfect for small to medium-sized projects.

It includes a 1/2-inch keyed chuck and onboard key storage for easy bit changes. The WEN 4208T also operates at 5 different speeds: 740, 1100, 1530, 2100, or 3140 RPM, making it versatile for a range of drilling applications. The cast iron construction ensures durability and stability during use.

Parts made of exposed metal came treated with either oil or cosmoline (smells good BTW) and these need to be cleaned off. The user manual advises acetone or similar cleaner for this.

“This small drill press is a great deal. Plenty of power and accurate. Quiet too! I definitely made the right decision when I decided on the Wen. Spend your money wisely get one for your shop. I’m thoroughly satisfied with mine.”

Douglas Maas (Amazon)

This is the most affordable and reliable product I could fit in my top best benchtop drill press under $500 collection.

Whether you’re a DIY enthusiast or a professional woodworker, the WEN 4208T 2.3-Amp 8-Inch 5-Speed Cast Iron Benchtop Drill Press is an excellent choice for those looking for a reliable and affordable benchtop drill press under $500 that can handle most drilling tasks.


  • It has a cast iron base rather than stamped steel.
  • Easy and fairly quick to assemble. Instructions are detailed and clear.
  • It’s incredibly light as far as presses go and easy to move around
  • Its a good product for the money 


  • The distance from the adjustable height plate to the chuck is really short
  • Not for industrial use , great for small projects and light work

First and foremost, the powerful 6.2 amp induction motor is a standout feature of SKIL Benchtop drill press. It delivers consistent, reliable power to the chuck, allowing for smooth and efficient drilling through a variety of materials.

The 5 different speeds available on the SKIL 6.2 Amp Benchtop Drill Press, ranging from 610 to 2800 RPM, are perfect for working with different types of materials. I’ve used this drill press to work on wood, metal, and plastic with ease, thanks to its ability to quickly switch between speeds.

The laser alignment system is a game-changer when it comes to precision drilling. The adjustable depth stop and table height are also incredibly convenient features, allowing me to make adjustments quickly and efficiently.

The 1/2 inch chuck size and keyed chuck type are perfect for a wide range of drilling applications. I’ve used this drill press with various bit sizes and types and have had no issues with the chuck holding them in place securely.

While it may not be a Jet, the SKIL 6.2 Amp Benchtop Drill Press performs exceptionally well. I’ve even drilled through 1/4 inch mild steel with a 3/8 inch cobalt bit at 960 RPM, and the motor had no trouble handling it.

Easy to get out and install. Great handles for down pressure. Powerful enough for any application I will use it for. I don’t trust a lot of Skil tools, but I’m happy with this one. 

Jeff VINE VOICE (Amazon)

Overall, if you’re in the market for a reliable, versatile, and affordable benchtop drill press under $500, the SKIL 6.2 Amp Benchtop Drill Press is definitely worth considering.


  • Powerful 6.2 amp motor for efficient drilling
  • Adjustable speed settings for different materials
  • Laser alignment system for precision drilling
  • Adjustable depth stop and table height for convenience
  • Keyed 1/2 inch chuck for secure bit holding


  • Not as durable as higher-end models
  • Limited to benchtop use only

As a woodcraft factory owner who has tested various drill presses with different materials, I must say that the WEN 4212T 5-Amp Benchtop Drill Press is the best benchtop drill press under $500 available on the market today.

One of the standout features of this drill press is its 5-amp induction motor, which provides sufficient power for most drilling applications. The variable speed control also allows you to adjust the speed anywhere from 530 to 3100 RPM, which means you can work on a variety of materials with ease.

One of the best things about the WEN 4212T is that you don’t have to switch the belt to change the speed. This makes the whole process a lot quicker and easier, which is great if you’re working on multiple projects at once.

The digital speed readout is a neat addition, and it displays the current RPM, which makes it easier to set the speed accurately. The laser is also a game-changer, and it helps you line up the drill bit with precision.

The adjustable depth stop and beveling 8 by 7.5-inch work table are also great features, and they allow you to work on different-sized materials without any hassle

The variable speed belt makes all the difference. I bought this to drill insets for cork coasters. 2.5 inch forsner bit eighth inch deep into walnut serving trays. The WEN drill press table that I also bought was a great help in completing the project.

Joseph S. Benson (Amazon)

Overall, I would highly recommend the WEN 4212T 5-Amp Benchtop Drill Press to anyone who is looking for a high-quality benchtop drill press under $500 that won’t break the bank. Plus, with the two-year warranty, you can be confident that you’re making a smart investment in your workshop.


  • Powerful 5-amp induction motor for most drilling applications.
  • Variable speed control up to 3100 RPM and digital speed readout.
  • Laser for precise drilling and adjustable depth stop.
  • Beveling 8 by 7.5-inch work table for versatility.
  • No need to switch belts to change speed, making the process quicker.


  • Chuck may wobble under heavy use.
  • Some parts may require frequent oiling for optimal performance.

The BUCKTOOL 6.2-A Professional benchtop drill press is one of the best benchtop drill press under $500 available on Amazon.

Its powerful 6.2A motor. This feature allows the drill press to handle tough materials with ease. I tested it with metal, wood, and even ceramics, and it drilled through them like butter. The motor is also surprisingly quiet, which is a plus if you plan on using it in a shared space.

The 1/32″ – 5/8″ keyed chuck, 12″ swing, and 3-1/8″ spindle travel make this drill press versatile enough to handle a wide range of projects. Whether you’re drilling tiny holes or larger ones, this drill press has you covered.

Plus, it has an overall height of 39″, which is 2″ higher than other 12″ drill presses, giving you more room to work with.

Another key feature is the ability to easily adjust the speed from 580 to 3200 RPM. This is perfect for different materials and drilling depths. I found the speed adjustment to be smooth and easy to use.

The laser helps you precisely align your drill bit with your workpiece, making it easier to drill straight holes. In terms of safety, the emergency stop switch and no voltage release switch are both great additions.

They give you peace of mind while using the drill press. And if you have any issues with the drill press, Bucktool provides a 2-year warranty and lifetime customer service, which is always a plus.

Overall, I highly recommend the BUCKTOOL 6.2-A Professional benchtop drill press to anyone in need of a reliable and powerful drill press. It has all the features you need, and the price point makes it accessible to both professionals and hobbyists.


  • Powerful 6.2A motor for handling tough materials.
  • Adjustable speed from 580 to 3200 RPM for versatility.
  • Flat work table can rotate 360° and bevel 45° left or right.
  • Equipped with a Class IIIA 2.5mW laser and work light for precision.
  • Comes with a 2-year warranty and lifetime customer service.


  • Tends to vibrate at high speeds.
  • The assembly instructions are not very clear.

These are some top models I have tried personally with help of my furniture factories experienced co-workers. With help of these reviews you can easily choose the best benchtop drill press under $500 from above selections.

Now if you want something extra such as more power, speed, accuracy, sturdiness, and a professional drill press. And you’re ready to increase your budget. Here are some great drill presses you’ll find online with the price range of $500 to $900

Top best benchtop drill presses Range $500 to $900

If you slightly want to increase your budget we have listed below some best benchtop drill presses under $900 with better performance.

Frequently Asked Questions

How much does a benchtop drill press typically cost?

A benchtop drill press’s price varies according to its size, features, and quality. Yet, there are many low-cost versions available, with some of the best benchtop drill presses under $500. These models are often small, simple to use, and capable of performing a wide range of drilling operations. While more expensive versions can cost $1,000 or more, people on a tight budget can still locate a high-quality floor drill press that fulfills their demands without breaking the bank.

What are the advantages of using a floor drill press?

For starters, it improves drilling stability and precision, providing accurate and consistent results. Furthermore, because of its adjustable height and bigger work area, it is appropriate for a wide range of materials and sizes. Furthermore, there are numerous low-cost choices available, with some of the best floor drill presses under $500, giving it a fantastic value for money

What is the difference between a floor drill press and a benchtop drill press?

A floor drill press differs from a benchtop drill press primarily in terms of size and portability. Floor models are larger and more powerful, with adjustable height and a larger work surface, making them suitable for heavier drilling tasks. They are also typically more stable, with a solid base that helps prevent wobbling during use.


Finding the best benchtop drill press under $500 might be difficult, but with little research and careful evaluation of vital features and customer reviews, you can find the perfect one for your needs.

It is critical to remember that regular maintenance is required to guarantee that your drill press lasts for many years. Regularly lubricating the moving parts, cleaning the chuck and table, and inspecting for signs of wear or damage can help your drill press last longer.

Always refer to the user manual for precise maintenance instructions and suggestions. The best benchtop drill press under $500 may be a dependable and valuable piece of equipment in your workshop if properly cared for and maintained.

If you have any quarry regarding to this article, let us know in the comment section below. Also share your valuable feedback. Thanks you!

Trisha Mae Raymundo
Trisha Mae Raymundo

Senior Writer and Editor of The Home Spot.