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Best Exercise Bike For The Money  
Everything You Need to Know to Get a Great Exercise Bike at a Great Price
Top Five for the Money (Based on our Frugal5 Formula)
How do we pick these products? We spend many hours doing unbiased research to only give you the highest rated products at the best price. We first come up with a list of features, which you can see below, that we feel the majority of people will need. We then look for the highest quality products with these features and only show you the top five with the best value. Our mission is to provide you with the best five options based only on the facts. Don't see the product you were thinking about getting? Click here to calculate it's frugal score.
Exerpeutic 300SR Foldable RecumbentPhoenix 99608 Magnetic RecumbentSunny Magnetic UprightUltega F-Bike HomeExerpeutic 900XL Extended Capacity Recumbent
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Product Rating
Average Price
Cheap ($130)
Cheap ($163)
Cheap ($120)
Cheap ($140)
Cheap ($163)
Frugal5 Score
Features Needed
Adjustable Seat Height
Easy to Read Display with Time, Calories, Distance and Speed
Footprint Fits Available Space
- 33”L x 19”W
- 58” x 24”
- 34” x 23”
- 16.8”W x 31.2”L
- 54” x 22”
Upright or Recumbent Seat, Based on Your Needs
Varying Resistance Levels
- 8 Levels
- 8 Levels
- 8 Levels
- 8 Levels
- 8 Levels
Weight Rating Fits Your Body
- 300 lbs
- 250 lbs
- 220 lbs
- 220 lbs
- 300 ;bs
Features Not Needed
Entertainment Add-ons
Interactive Features
What You Need To Know In 5 Minutes

An exercise bicycle can help you stay fit during the months when it is too cold to ride outside. It’s among the most affordable types of exercise equipment, making it a great choice for frugal fitness. Most people are familiar with standard upright exercise bicycles, but recumbent cycles are becoming increasingly popular. Generally, which you choose will be a matter of preference. 

Choosing Recumbent

If you have low back pain, a recumbent is certainly the better choice. However, watch out for models that are just re-tooled versions of upright bicycles. They use the same seat, just in a different position. Such models are no more comfortable than a standard upright. When choosing recumbent, be careful to read reviews of owners to be sure the seat truly supports your lower back.


A good exercise bicycle will have different levels of resistance. Most also have preprogrammed workouts to challenge you, although this may not be a necessity, depending on your needs. The seat should be adjustable to fit your body size and the bike should not wobble when you pedal. Check what users have to say about their heights and the highest settings of the bicycle. Some are not made for taller users. Be sure the machine you choose encloses the moving parts to keep pets and children safe. 

Any fitness equipment should give you certain basic information about your workout on the display. These include speed, distance, calories and time spent exercising. Don’t worry about a bike having a heart rate monitor. Affordable bikes put monitors in the grips, which are often inaccurate. You’ll get the best overall savings by looking for an affordable cycle and then buying a separate chest strap heart rate monitor. Expect to pay about $50 for a good one.


Although the size of a cycle’s footprint matters less with folding exercise bicycles, it’s important to know the footprint of the unit you choose to be sure it fits in the space available. The weight of the unit matters as well if you will need to maneuver it about the home.

Folding Bikes

Folding exercise bicycles are excellent for small spaces. They also allow you to keep the bike in storage when not in use, minimizing potential dangers to children and pets. When choosing a folding exercise bicycle, make sure it is light enough for you to carry and put away, otherwise you defeat the purpose of choosing this style.

Brands and Pricing

Although Stamina offers some highly rated affordable exercise bicycles, we found too many complaints about breakdowns after six months, when the bikes are no longer under warranty. Before you decide on a brand, check reviews of those who used the unit for a year or more. The best deals came from Ultega, Sunny, Horizon and Exerpeutic. Expect to pay between $150 to $200 for a dependable exercise bicycle.

Features You Need
Adjustable Seat Height, Easy to Read Display with Time, Calories, Distance and Speed, Footprint Fits Available Space, Upright or Recumbent Seat, Based on Your Needs, Varying Resistance Levels, Weight Rating Fits Your Body
Features You Don't Need
Entertainment Add-ons, Interactive Features
What You Should Pay
Between $120.00 - $163.00
Top Of The Line Price
Over $1,000.00