Buying a refrigerator is not exactly a budget task. A full-size home refrigerator can cost more than $1,500.
If you don’t want to spend that much money on a new fridge, there are several other options to consider. It is possible to buy a budget refrigerator for less than $500.
The best cheap Refrigerator that I found, Avanti RA7316PST, cost me a lot less than that.
Refer to the below list for more recommendations on budget fridges under $500:
9 Best Cheap Refrigerators – 2018
Avalon by Keyton Refrigerator & Freezer with Double Doors - 3.1 Cubic Feet, Compact, Adjustable Legs, Interior Light & Adjustable Thermostat - UL & Energy Star Certified - Stainless Steel
Kalamera 12'' Wine refrigerator 18 Bottle Built-in or Freestanding with Stainless Steel & Double-Layer Tempered Glass Door and Temperature Memory Function
Tips for Buying a Good Budget Refrigerator
When you go shopping for a refrigerator under $500, you may have to adjust your expectations a bit. Most cheap fridges are small, countertop sized.
Some rare budget gems include the ones like Avanti RA7316PST mentioned above, which is a smaller fridge designed for apartments. So, don’t expect to buy a four-door fridge on a budget.
You will have to settle for a smaller product. With that in mind, here are several other things you should consider when buying a budget refrigerator:
Pay attention to the size. You should be able to fit the refrigerator in through the door and inside the room. So carefully consider the measurements before you purchase a fridge.
As mentioned above, most budget refrigerators are small. So, make sure you can be happy with a smaller refrigerator for the next 5 to 7 years.
Budget fridges are very suitable for one or two person households. But if you have kids, you may want to consider saving enough money to buy a bigger refrigerator to last a long time.
Do not buy a refrigerator without a warranty. Carefully read the warranty you get to ensure that repairs and replacements are covered.
Before buying, read the reviews for the product as well as the seller or the manufacturer. If the service or the enforcement of the warranty is subpar consider buying another product.
Even if you pay $500 for a fridge, your money will go to waste if the fridge needs repairing. More often than not, repairs cost a lost more than the retail price.