Are you looking to buy a good quality point and shoot camera but don’t want to spend over $500? If you’re a beginner photographer or overwhelmed with the numerous options available today, we have compiled a guide to the best point and shoot camera under 500 available to you. 

In this guide, we have tested and reviewed dozens of the best cameras under $500. We have the best point and shoot camera under 500 for anybody, whether you’re a beginner filmmaker or a seasoned photographer looking for another camera. In addition, if you’d like to learn more about how to choose a good camera, read our buyer’s guide at the bottom of this article.

The 5 Best Point-and-shoot Cameras Under 500 – Overview

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The Canon EOS M50 is popular and for good reason. Its 24.1 megapixel CMOS sensor and DIGIC 8 Image Processor combine to give you clear and vibrant images. You can also capture 4k HD video at 24p, giving your videos a cinematic look and feel. You can also shoot in Full HD 1080. 

The Dual Pixel CMOS AF allows for superfast and accurate autofocus so you will always capture the image as the moment happens. The built in viewfinder shows a lot of detail while you’re shooting, including a histogram. There is a hot shoe mount. 

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You can use the EOS utility webcam software for Mac and Windows to turn this camera into a webcam. Canon also introduced a new raw format, CR3, which allows highly compressed images that saves disk space. This versatile and well-priced camera is our top pick for the best point and shoot camera under 500 because of its amazing features, durability, and high quality. 

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This compact Canon is highly portable and easy to operate. You will get high quality photos and videos that look professional. 

Panasonic’s LUMIX FZ1000 features a high quality sensor with 20.1 megapixels that allows for improved low light capture. It’s great if you don’t have the ability to shell out on an expensive lighting setup for each shot. It can capture 4K video at 30P and the hybrid photography lets you grab video frames as photos. 

The hybrid O.I.S. (optical image stabilizer) and 5 axis correction prevents blurry images and even allows you tshoot videos one handed. There is Wi-Fi and connectivity to your smartphone so you can control the camera remotely via the Panasonic app. 

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You will be surprised how lightweight this camera is, given its size. It is easy to transport and capture high quality images in all lighting conditions. 

This Sony DSCHX80/B fits easily in your pocket and packs in a lot of features in its tiny body. It has 30x optical zoom and a 18.2 megapixel CMOS sensor which works fairly well even in low light situations. The 5 axis image stabilization works well and is useful in preventing blurry shots, especially when using the powerful zoom to capture detail.

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The video can capture XAVC S, AVCHD & MP4 formats, and it is able to connect to your smartphone via Wi-Fi. The multi-angle display lets you take selfies easy and there are multiple customizable settings. Comes with rechargeable battery, USB cable, and wrist strap. 

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This Sony model is tiny and easy to take anywhere. It shoots high quality images and videos and is easy to set up and customize. Although it doesn’t shoot in 4K, it offers incredible image stabilization for its price. 

The Powershot SX740 features a whopping 40x optical zoom, which combined with the optical image stabilizer will help you shoot incredible detailed and blur-free photos. You can record videos in high definition 4K 30p. Time-lapsed movies can also be made in 4K with the custom time-lapse movie mode. 

Auto focusing and face tracking work well. It’s overall constructed well and a durable build. The app to connect to the camera is also good and straightforward. 

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The zoom power on this Canon is magnificent. If you’re a traveler or wanting to capture tiny details, you can safely use this camera and rest assured you’ll get the shot, without any blur. An overall great camera at a great price. 

This Panasonic point and shoot has a large 20.1 megapixel sensor that captures detail beautifully and a 3x zoom. The O.I.S. (optical image stabilizer) helps deliver clear blur-free photos. Most importantly, 4K video captured at 3840×2160 is available and delivers very high quality video. 

This is a durable camera with a very compact body. It has usb charging and Wi-Fi connectivity. The retractable lens further makes it easier to hold and pocket. It even works well in low light situations. 

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If you’d like a point and shoot camera under $500 that shoots quality 4K video, this Panasonic is the camera for you. It delivers incredible value for its price and you will be able to shoot high resolution images and videos easily. 

Buyer's Guide - Best Point and Shoot Camera Under 500

The following is how we compiled our list, and a good guide for anyone looking to purchase a good point and shoot camera. 

Sensor

The sensor is really important in determining the quality of the video footage. In the simplest terms, the sensor is a solid-state device that captures the light required to form a digital image. A better sensor means a better image. 

Sensors are especially important if you’re filming in a low-light setting as a small sensor won’t pick up as much detail and light.

Zoom Lens

The power of the lens will give you a lot of creative control over the scenes you’re shooting. You will have so much more versatility in capturing things far and wide with a good zoom lens. Alternatively, invest in some good lenses that are compatible with your video camera to achieve different looks and feels. 

Stabilization 

Shaky footage is a dead giveaway of unprofessional filmmaking, unless that’s the aesthetic you are trying to achieve on purpose. All good video cameras have some in-built image stabilization, with some remarkably better than others. 

Memory and Storage

It’s important to consider how much footage your camera can hold, especially if you plan on shooting for long periods of time. Usually more in-built storage means a more expensive camera, but then you need to buy less external storage cards. While it isn’t THE most important thing in terms of creating professional looking footage, it is something to consider if you’re deciding between two cameras of equal quality. 

Sound

Some of the cameras we reviewed have great internal microphone systems. But in general, you want to get some external microphones going to best capture sound. It’s good to look at the camera’s native sound capability as well as the ports it has to connect external mics to. 

Compatibility to accessories 

Don’t buy a good quality video camera and expect that all your accessories will automatically be compatible. While some cameras have universal ports, it’s important to consider what ports your new camera has and what accessories you may need to use the camera to its fullest ability.  

FAQ - Frequently Asked Questions

What is a point and shoot camera?

A point and shoot camera, sometimes called a compact camera, is designed for simple pointing and shooting, like the name suggests. Most have great automatic features so you can easily point at a subject and start shooting! They are a popular first choice for beginning filmmakers and photographers, and a logical step-up from smartphone photography. If you’d like to learn more about point and shoots, read more here. 

Why would you want a point and shoot camera, versus a DSLR or other type of camera?

A huge advantage to point and shoot cameras over DSLRS is its size and weight. They are more lightweight and easy to carry with you, due to the build and construction of point and shoots. This is important if you’re taking the camera traveling or just don’t want a large and bulky camera. It also has a fixed lens so you don’t need to worry about changing lens. It is almost always more inexpensive than DSLRs or other high-end cameras. 

Can I use a point and shoot to film videos as well?

Yes, of course! In fact, many point and shoot cameras allow for full HD video recording and allow you to capture beautiful likelike videos. 

Conclusion

Hopefully you have the information you need to buy the point and shoot camera under 500 for you. If you have any questions or would like a different recommendation for your specific needs, feel free to email us and we will be happy to help you in any way we can. Happy shooting!

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If you liked this article, be sure to check out our guide to the best low light video camera and the best camera for filmmaking on a budget.