Best Cordless Drill Under $50 In 2020

Looking for the best cordless drill under 50 bucks? Do you want a budget-friendly model that can deliver? In this review, we take a look at the top 10 products in the market.

If you’re here, then it means you’re looking for a cordless drill but don’t know if you can afford one. Can you really get a cordless drill for less than 50 bucks? Absolutely! Recent innovations in technologies like lithium-ion batteries and brushless motors, cordless drills have become cheaper than ever.

So you don’t need to break the bank to get yourself a good unit. We’ve already reviewed some drill machine under $100, and today we came with some drill under $50. Although there are many great cheap models out there, it may take a lot of trial and error to find the right product. This is the last thing you want to do – spend more money.

Luckily, we’ve compiled a list of the cheapest cordless drills in the market that offer the best in terms of performance and quality. We’ve also included a buying guide to help you make an informed decision.

The goal is to help you find a product that will provide the best value for your money.  So if you’re excited like we are, then let’s get into it.

Product Name Preview Voltage Price
#1 Avid Power 20V Cordless Drill Avid Power 20V Cordless Drill 20V
#3 Ryobi P208 One+ 18V Drill/Driver best cordless drill for under $50 18V
#4 GOXAWEE Electric Cordless Drill GOXAWEE 12V
#5 Inspiritech 12V Cordless Drill/Driver best cordless drill under $50 12V

Top 5 Best Cordless Drill Under 50 Dollars

Below is a comprehensive review of the best cordless drill for under $50. We’ve covered the main features and perks of each model, as well as the downsides.

#1 Avid Power 20V MAX Lithium-Ion Cordless Drill

Avid Power 20V

To kick-off, our list is one of the best cordless drills for woodworking – the Avid Power Lithium-Ion Cordless Drill. The Avid Power is an excellent choice for home projects in a garage where an electric outlet may be lacking for a corded model.

Since its release, it has proven to be one of the most popular choices among DIY enthusiasts. It can be easily seen in the huge number of positive reviews it has attracted.

One of the first things you will notice about this model is its ergonomic design, which makes it convenient to use. It is compact and lightweight, which also allows you to use the tool for long without developing hand fatigue.

The addition of the rubber handle also helps to provide a comfortable grip. Interestingly, the drill offers up to 16 torque positions with adjustable speed settings. It gives you more control and ensures stripping doesn’t occur.

Like many premium models, this unit works on various surfaces such as metal, plastic, and wood. It can also be used on drywall and still deliver a good job. A USB port is provided to enable you to charge your device while working. This can be really helpful in situations where no electric outlet is available.

What we like
  • Includes LED light for more visibility.
  • Very lightweight design.
  • USB space for charging your phone.
  • Great control for drilling.
What we didn't like
  • No carrying case is provided.

#2 BLACK+DECKER 20V MAX Cordless Drill

best cordless drill under $50

Another cordless drill that is built with performance and comfort in mind is the Black & Decker 20V Max. This tool is basically designed to handle most drilling or screwing operation in the home.

As the name suggests, it is equipped with a 20V max motor, which provides just enough power to tackle different materials such as wood, plastic, and metal. It has a compact size, which includes a comfortable handle and a lightweight design.

With just 3.3 pounds weight, you will agree that this tool is the perfect choice for woodworkers who want a drill they can use for hours without getting tired. Even more, you can expect the same level of torque, similar to what you get many premium models for a lesser price.

As expected, the tool is powered by a Lithium-ion battery, which is the most preferred choice for cordless models. A 20V Max will definitely last you a long time. It has an LED light, which helps to illuminate your workspace.

This allows you to achieve a high level of accuracy, even when working in areas with limited light supply. Like any other cordless model, it is quite convenient to use. You can easily grab it on the go.

What we like
  • Lightweight design.
  • Comfortable grip for handling
  • Very Long battery life.
  • Versatile drilling machine.
What we didn't like
  • It’s charges slowly.

#3 Ryobi P208 One+ 18V Lithium-Ion Drill/Driver

Ryobi P208

Another workhorse that has proven to be really valuable for its price is the Ryobi P208 Lithium-ion Drill. This drill equipped with a Lithium-ion 18V battery platform; this unit is one of the best budget-friendly drills you can rely upon for superior performance. And it’s a top contender for the best cordless drill under $50.

With a weight of around 2.7 pounds, you will agree that this is the lightest model out there. You can put it into use for hours on the one hand without feeling fatigued. The drill clutch has up to 24 torque settings, which grants you more control and enables you to work in greater detail.

It will also interest you to know that a magnetic tray lis provided to hold bits while you’re on the job. A charge indicator is included to let you know when the battery is down so you can recharge it.

The tool also features an LED light, which lights up the workspace so that you can work in dark environments. It is important to note the Ryobi P208 is available as a bare tool. This means you have to purchase the battery separately.

But if you have any existing Ryobi battery-powered tool, then there’s a considerable chance the battery will work with the drill. That being said, this is a fantastic drill with an incredible budget price. We have no doubt you will be impressed by its performance.

What we like
  • Provides many clutch options.
  • It’s comes with compact design.
  • Good rubber grip for long.
  • LED light for enhanced vision.
What we didn't like
  • Battery not included.

#4 GOXAWEE Electric Cordless Drill

best cordless drill for under 50

GOXAWEE is another drill set that promises superb performance for wood and metal materials. The tool comes fully equipped with its own drill bit sets, which you can use for various drilling tasks. It is powered by a 1.5mAh lithium-ion battery, which promises significant runtime.

It takes about an hour for the battery to charge after it goes down fully. Two pieces of batteries are provided on purchase. With a spare battery available, you can avoid downtimes by simply charging one of the batteries while the other one is in use. It ensures the tool is always available for work.

The tool also features 18 clutch settings, which enables you to optimize torque and boost efficiency. With the two-speed settings, you also get greater control over speed and torque.

Whether for DIY projects or more serious craftsmanship, you can rely on the tool to produce results. Installation is less of a hassle as everything is simple and straightforward. Thanks to the automatic spindle lock, changing bits is a whole lot easier with one hand.

The tool is easy to use and doesn’t weigh much. It provides comfortable handling so you can accomplish more without wearing out from fatigue.

A flexible shaft is added to the tool, which can be used in areas where it’s more difficult to access driver bits. You can also combine the drill bush with the hammer drill to get rid of stains. Overall, this is a wonderful product. We can’t recommend it more.

What we like
  • Versatile for any drilling.
  • Lightweight and comfortable to handle.
  • It comes with affordable price.
  • Efficient performance.
What we didn't like
  • The battery might take some effort to remove.

#5 Inspiritech 12V Cordless Drill/Driver

Inspiritech drill

Another budget-friendly cordless drill that rates high in terms of performance and quality is the 12V model from Inspiritech.

This is a handy tool that is powered by a 1.5-Ah lithium-ion battery that keeps on the job for a while. Two batteries pieces are included with the package, which can be easily installed and removed.

Like other models on the list, it has two adjustable speed settings, which offer you better control over torque and speed. So you can set up a convenient drilling speed depending on your project requirements. This makes the tool an excellent fit for most DIY tasks.

It comes with a 15+1 position clutch, which is just enough to achieve more refinement. You can even adjust the torque setting for more twisting power. Interestingly, the tool can be used on metal, wood, and plastic. It can also be applied to screw driving tasks.

You will also like the ergonomic design, which makes it easy to handle and use. With a weight below 2.l pounds, you will agree that this is one of the lightest options out there. The drill also features an LED light, which helps to light up the workspace when working in dark or confined areas.

What we like
  • Comes with keyless chuck.
  • Fast battery charging
  • Fast bits changing.
  • Includes USB port.
What we didn't like
  • Battery changing might take time.

Buying Guide for the Best Cordless Drill under $50

In order to make an informed decision, below are the key things to look out for when shopping for a cordless drill.


It’s usually better to go for a drill that offers more power. You’re most likely not going to find a $50 drill for tackling brick or concrete.

However, you should be able to get a decent model that can handle the most basic tasks in the home. It is important to note that power also affects the battery. Drills with more power tend to go low on battery sooner. So while looking at power, it’s also important to pay attention to the battery size.

Cell Type

There are two things to look out for in a drill battery – the type and the size. We all agree that cordless drills run on battery cells; however, not all of them use the same type of cell.

Nickel Cadmium and Lithium-ion are the two most commonly used cells in cordless drills. Lithium-ion batteries are usually lightweight but still deliver more power than the heavier Nickel-cadmium batteries. They also take less time to charge; in many cases, less than two hours.

Battery Size

In addition to the battery type, you should also pay close attention to its size. There are various battery sizes to suit the need for different projects. Usually, the bigger the battery, the greater its runtime.

However, a bigger battery can easily add up to the overall weight of the drill, making it heavier and thus difficult to use for longer periods.

Additional Features

Have some extra functionality in your drill can greatly help to improve efficiency and productivity. Some of these include variable speed settings (to increase versatility), adjustable clutch (for automatic changes), LED light (to illuminate the work area in dark spaces), and so on.

In addition to all these features, make sure you choose a drill with a comfortable handle. This will allow you to use the tool for longer periods.

Tips on Using Your Cordless Drill Safely

Safety should be your topmost priority when purchasing or using any power tool. Below are some key safety tips when working with a cordless drill.

  • Wear ear protection and other protective gear (even for the smallest drilling jobs)
  • Pay attention to the drill power to avoid wounding yourself or damaging the drill. It’s safer to opt for lesser powerful models until you’re more experienced to take on more.
  • Make sure you understand how to operate the drill before using it. The drill machine is a dangerous tool to play with.
  • Make sure your workpiece is well secured.
  • Drill pilot holes before doing the main drill.
  • Avoid wearing any loose clothing. This also applies when using any other power tool.
  • Use the right drill bits.
  • Ensure you set the drill bits correctly.
  • Charge your battery before you start a project.

Taking Care of Your Cordless Drill Battery

Battery technology has greatly improved in recent years, especially lithium-ion cells. However, the batteries are still far from being perfect. Even the most efficient cells wear out after a while. Below are a few tips to help you take care of your drill battery to extend its lifespan.

  • Charge the batteries regularly. And you don’t have to wait until they are completely discharged before doing so.
  • Avoid completely discharging li-ion batteries before charging them.
  • Store the batteries indoor in moderate temperate conditions (room temperature) – something between 400F to 850 A lower or higher temperature can affect the batteries.
  • Use the batteries often – rotate them. Don’t just buy and store them. Unused batteries tend to wear out sooner. We advise not using more than two batteries at a time.

Frequently Asked Questions

What is the use of two-speed settings?

Many cordless drills usually come with two-speed options to offer control over speed. With the ability to reduce speed, you can reduce the amount of electricity consumed by the tool. It also helps to prevent stripping and damage to your work.

Generally, having more speed options helps you to optimize torque and enjoy better control over speed.

How long does a battery last?

The drill batteries used in most high-end models. It usually completes over 1500 cycles. However, charging a standard 2-Ah battery can take up to 40 minutes.

There are some drills that come with adapters for quick charging. You can opt for such models to reduce downtimes. Some drills may also have an indicator that shows the battery life at every point in time.

Is it possible to get a good drill under $50?

Absolutely! As you can see, we’ve reviewed some cordless drill under $50. These drills might not be as powerful as the more sophisticated models, but they offer just enough power to accomplish most DIY tasks.

Which drill is best for home use?

Cordless drills under $50 are generally targeted towards common DIY projects, which makes it suitable for home use. Thus you cannot go wrong with any of the models above.

However, if we were asked to pick a favorite, we will go for Black & Decker or Goxawee.

Is a brushless drill better?

Brushless drills are generally considered better because they don’t require much maintenance like the brushed models. They also make less noise, generate lesser heat, and tend to offer improved efficiency.

Our Final Recommendation

DIY projects are becoming increasingly popular as more powerful tools are being released to make things easier and more fun. Learning how to do things yourself will not only save you money but also give you the chance to get creative.

Now, you don’t have to wait till you have over a few hundred bucks. We believe every item on the list would make an excellent choice, and our best overall model is the Black and Decker 20V MAX.

It is not the most established drill for the price, but it has a number of features you will not easily find with any other cordless drill under $50. The power is surprisingly incredible, not to mention its lightweight design and long battery life.

That being said, we hope you found this review helpful because we are happy to work you through the whole process of finding the best unit to suit your needs. With the best cordless drill under 50 dollars, you can now accomplish more.

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