Best Cameras 2024 Under 500. Best point and shoot cameras: Renamed the canon eos r100 to 'best mirrorless camera under $500' and moved the canon eos rebel t7 / eos 2000d to the top spot.

Here is the list of the best digital cameras under $500 which will offer much better results than your phone cam. I will include a detailed review of each best camera as well as its pros and cons.