TV Rex Australia's TV price comparison site

Best TVs under $500

3 results

Cheapest right now: LG 32" HD LR65 Smart TV 32LR650BPSA at $299 across 2 retailers. The 3 models we track run $299-$385. Updated 5 Aug 2026

Under $500 is the entry tier: a capable second TV for a bedroom, study or spare room, or a first smart TV. Most sets here are 4K LED at smaller-to-mid sizes with a mainstream smart platform, so the useful comparisons are size, brightness and which smart system you prefer.

We rank for value, weighing reviews against the live cheapest price, and the figures refresh automatically from the retailers we track, so the list only ever shows what is actually under $500.

1
LG 32" LB655 HD Smart AI TV (2026)
LG 32" LB655 HD Smart AI TV (2026) LG 3.58 (24 reviews)
  • Screen size 32in
  • Panel LED
  • Smart OS webOS
  • Refresh rate 60Hz
from $385 Billy GuyattsJB Hi-FiBetta ElectricalPowerland Compare prices
2
LG 32" HD LR65 Smart TV 32LR650BPSA
LG 32" HD LR65 Smart TV 32LR650BPSA LG 3.50 (6 reviews)
  • Screen size 32in
  • Panel LED
  • Smart OS webOS
from $299 $100 off (25%) Appliances OnlinePowerland Compare prices
3
Monster 24" HD LED Battery Smart TV with 12V
Monster 24" HD LED Battery Smart TV with 12V Monster
  • Screen size 24in
  • Panel LED
  • Smart OS webOS
  • Refresh rate 60Hz
from $345 JB Hi-Fi Compare prices
Our pick
LG 32" LB655 HD Smart AI TV (2026)
Best-rated of the lineup at 3.58/5 (24 reviews), from $385.

Frequently asked

What's the cheapest TV under $500 right now?

The LG 32" HD LR65 Smart TV 32LR650BPSA at $299, as of 5 Aug 2026.

How much does a TV under $500 cost?

Currently $299 to $385 across the 3 models we track.

Which TV under $500 is the best pick?

Our pick is the LG 32" LB655 HD Smart AI TV (2026) (3.58/5), from $385.