9 Best Drill Presses under $500


A quality drill press is undeniably one of the most important power tools for DIY or home workshop as well as professional contracting work. If you intent to use it often and want more versatility and performance, you should be ready to invest a good sum of money. That is not to say you have to spend a fortune. We will help you find the best drill press under $500 – quite a reasonable price for a reliable tool. But for those who are on a tight budget and want this product to use it only once in a while, there is a list of  budget drill presses.

Keep in mind, drilling is a basic function of most projects and something you will need to do often. While you can get a good handheld drill you will never get the convenience, precision, and accuracy a drill press offers. It is an essential piece of equipment in any workshop.

A larger, more powerful drill press will allow you to work on bigger projects and a wide range of materials. They are more versatile and most have additional functions. We will take you through some of the best options available right now so that you can make an informed decision and find the ideal drill press for your needs.

Knowing that many people don’t have much freetime to research all models available, we offer you the following list of the best drill presses under $500:

  1. Jet 716000
  2. Shop Fox W1668
  3. SHOP FOX W1670
  4. Grizzly G7943-12
  5. SHOP FOX W1669
  6. WEN 4214
  7. WEN 4210
  8. RIKON 30-140
  9. Klutch

Overview table

We looked at all the features and important specifications. We also looked closely at the reputation of the company that makes the machines. Public opinion counts for a lot and we only chose machines that were well-received by those who have purchased and used them. Additional features and benefits, as well as reliability, durability and warranty, were taken into consideration.

 
 

Editor choice 1 Jet 716000
10
Jet 716000
(Best for portability)

The Jet 716000 is a solid and reliable 12-inch drill press with a compact bench top design for easy transport.

10
2 Shop Fox W1668
9.8
Shop Fox W1668
(Best for versatility)

The Shop Fox W1668  is a versatile machine due to the fact that it is an oscillating drill press. It gives you greater convenience and efficiency when doing your projects.

9.8
3 SHOP FOX W1670
9.6
SHOP FOX W1670
(Best Floor Press)

SHOP FOX W1670 is the 64-1/2 inch floor standing radial drill press which lets you sand small detailed work.

9.6
4 Grizzly G7943-12
9.3
Grizzly G7943-12
(Best for heavy-duty work)

The G7943 is a solid machine with a great durability. A generous 12 speed option allows you to perform such tasks as polishing and carving.

9.3
5 SHOP FOX W1669
9.2
SHOP FOX W1669
(Best for power and durability)

The SHOP FOX W1669 is a bench model with 90-degrees counterclockwise and 45-degrees clockwise tilts and a very practical radial arm for 90-degree rotation left and right. This combination makes the drill press extremely versatile

9.2
Best value 6 WEN 4214
9.1
WEN 4214
(Best for value for money)

WEN 4214 is the amazing value for money. The motor uses ball bearings for durability and improved performance.

9.1
Best price 7 WEN 4210
9
WEN 4210
(Best on a budget)

WEN 4210 is a great value for money with the variable speeds and X-pattern laser guide for easiness and accuracy.

9
8 RIKON 30-140
8.8
RIKON 30-140
(Best all-rounder)

RIKON 30-140 is a compact versatile drill press which allows you to work fast and accurate on a range of materials with ease.

8.8
9 Klutch
8.6
Klutch
(Best for consistency and accuracy)

This model has 16 different speed options that allow you to conduct precise drilling on a great range and size of materials.

8.6

1 Editor choice

Jet 716000 – Best for portability

Features

  • 12-inch drill press
  • 5/8 chuck
  • 1/2 HP induction motor
  • 3-1/8″ spindle travel
  • Сast iron base 10″ x 16-1/8″
  • XACTA Laser with an X shape design
  • Built-in work light

This is a solid and reliable 12-inch drill press that can take on most jobs in the home, workshop or even for commercial use. The hefty 5/8 chuck makes it versatile enough to handle a wide range of drill bits or attachments. Despite the size and solid construction, it is still relatively compact and you can move it around with ease.

The 1/2 HP induction motor delivers decent power for accurate and effortless drilling into a wide range of materials. You can achieve excellent depth thanks to the 3-1/8″ spindle travel. The drill has variable speeds that are easy to change. The table can be tilted for angled drilling.
It is a bench mounted machine with a heavy cast iron base measuring 10″ x 16-1/8″. This will keep it steady and stable without taking up too much space in your work area.

The drill press includes a quality XACTA Laser with an X shape design for great accuracy. Apart from the laser, there is also a built-in work light. The paddle switch is large, which makes the drill easy to operate and improves safety with lockout protection and a quick shut off when necessary.

Positives
  • Sturdy compact base
  • Portable
  • Solid construction
  • Powerful motor
  • Variable speeds with easy change
  • Quality laser for improved accuracy
  • Minimal vibration
  • Safe spring loaded chuck key
  • Easy to assemble
Negatives
  • Laser adjustment can be tricky
  • Some components are aluminum or plastic
2

Shop Fox W1668 – Best for versatility

Features

  • 13-inch drill press
  • 3/4 HP, 110V, 1,725 RPM motor
  • Speed 250 – 3050 RPM
  • 5/8-inch chuck
  • 90-degree tilt

The Shop Fox W1668 has a lot going for it. One of the many features that makes it so versatile is the fact that it is an oscillating drill press. This allows to not only do precision drilling work but it can also function as an oscillating sander. It is ideal for contour sanding and will give you greater convenience and efficiency when doing your projects.   Switching from the drill to the sander functionality is easy and requires no tools. Sanding operation is smooth and due to the oscillation, there is no buildup of heat.

It has a powerful 3/4 HP, 110V, 1,725 RPM motor that will make work on a wide range of materials a breeze. It is a 13-inch drill press for even greater freedom with larger materials and tasks. Further adding to the versatility is an incredible rage of 12 speeds allowing you to work with precision on many materials. Speed options range from 250 – 3050 RPM. The drilling capacity is also generous and useful at 3/4-inches. It also boasts of a good sized 5/8-inch chuck.
Making work easier and more functional is the 90-degree tilt ability of the solid table. The height is quick and easy to adjust. These features make it a pleasure to work with and will result is faster and more accurate drilling or sanding. The table can also be moved out of the way altogether for specific tasks. Despite the power and features, this is still a compact benchtop drill press that can easily be moved when necessary.

Going back to the sander, it incorporates a handy clearance hole with a dust collection port to keep your work and working area clean and tidy.

Positives
  • Great power from 3/4 HP motor
  • Oscillating sander
  • Dust collection port
  • 12 speeds from 250 to 3050 RPM
  • 13-Inch drill press
  • Easy height adjustment
  • Good 90-degree table rotation
  • 3-1/4-inch Spindle travel
  • 2-Year warranty
  • Compact
Negatives
  • No laser guide
  • No work light
  • Some users found it tricky to assemble
3

SHOP FOX W1670 – Best Floor Press

Features

  • 64-1/2 inch floor standing radial drill press
  • 1/2 HP, 110V, 5A motor
  • 5 speed options (from 550 to 3470)
  • 5/8″ chuck
  • 3-1/4″ spindle travel

Also by Shop Fox is the 64-1/2 inch floor standing radial drill press. While it does not offer an oscillating sander like the above bench model it can work with the D2677 Drum Sander Set with a D2722 Mandrel.  These need to be purchased as extra and will let you sand small detailed work.

The 1/2 HP, 110V, 5A motor will be more than sufficient for most work and there are 5 speed options depending on the material or task you are working on. RPM ranges from 550 to 3470. Speed adjustment is simple. It also has a good sized 5/8″ chuck and a spindle travel of 3-1/4″. There is a reliable depth stop for uniformity and accuracy.

Another factor that makes the W1670 highly versatile is the tilt of the head as well as the table. The adjustments available include height, angle, rotation, and the column distance. It will let you move the head between 45-degrees to the left and through 90-degrees to the right. There is also the ability to use the drill press as a horizontal boring machine.  You can bore to the middle of a piece as much as 34-inches wide which is quite a feat. Creating multiple holes at different angles is quick and easy on this drill press. This tilting mechanism also allows you to sand at a range of angles with the right attachments.

Positives
  • Value for money
  • Multiple easy adjustments for versatility and range of options
  • Horizontal boring is possible
  • Sanding attachments available
  • Good power
  • 3-1/4 inches spindle travel
  • 34 inches swing distance.
  • 5 speed options
Negatives
  • Head tilt is limited to 45-degrees to the left
  • Some find the press to be too high for comfortable use
4

Grizzly G7943-12 – Best for heavy-duty work

Features

  • 3/4 HP 110V motor
  • 14-inch swing and a 3 ¼ inch spindle travel
  • Chuck ranges from 1/64-inch to 5/8-inch
  • 12 speed options (140 to 3050 RPM)
  • Built-in light

This one is suitable for large heavy projects. It is a solid machine that has great durability. Another benefit of the solid construction is that it minimizes vibrations which can be an issue with some lighter machines. The G7943 weighs in at 142 lbs.

It sports a strong 3/4 HP 110V motor with a 14-inch swing and a 3 ¼ inch spindle travel. The variable chuck ranges from 1/64-inch to 5/8-inch giving you multiple options. A generous 12 speed options are available and adjustment is manual. Speeds range from 140 to 3050 RPM. These speeds will allow you to perform other tasks such as polishing and carving. It is able to tilt of 90-degrees in both directions and swing a full 360-degrees.

The built-in light is powerful so you will be able to see your work easily. This is a highly capable bench-top drill press suitable for home or commercial use. It is not exactly portable but will get through most materials quickly and easily.

Positives
  • Solid and durable
  • The 3/4 HP motor will handle most material with ease and efficiency
  • Reduced vibrations
  • Powerful built-in light
  • Reliable depth settings
  • Built-in light socket
Negatives
  • Some find it a bit too heavy
5

SHOP FOX W1669 – Best for power and durability

Features

  • Solid cast-iron base 31-1/2 inches in height
  • 1/2 HP motor
  • 5/8 inch chuck
  • 5 options speed (550 3,470 RPM)
  • Radial arm for 90-degree rotation left and right
  • Tilts 90-degrees counterclockwise and 45-degrees clockwise

The specs and features on this model are very similar to the W1670 earlier in the review with the main difference being that this is a bench model and not a floor drill press. Depending on your requirements, the type of work that you do and your workshop setup, one will be more suitable than the other. It has a solid cast-iron base for stability and measures 31-1/2 inches in height. The base has practical insert mounts.

As with the 1670, it also has a 1/2 HP motor. The quill stroke is 3-1/4 inches and it also has a 5/8 inch chuck capacity. Speeds are also the same with 5 options ranging from 550 3,470 RPM. The radial arm is very practical and allows for 90-degree rotation left and right. The head also tilts 90-degrees counterclockwise and 45-degrees clockwise. This combination makes the drill press extremely versatile and also allows for horizontal boring.

Note that changing speeds is not quite as easy as on many other models. It is a manual process of moving the belt to a different set of pulleys.

The safety paddle switch is large for quick action and safety. It also has a removable lock-out key.

Positives
  • Decent 1/2 HP motor
  • The headstock can be tilted and securely locked
  • 5 Speed options
  • 34 inches swing size
  • Decent safety features
Negatives
  • Speed change is manual and a bit of a cumbersome process
  • No work light
  • Some users found it to be top heavy
6 Best value

WEN 4214 – Best for value for money

Features

  • 5/8” chuck
  • 3-1/8-inch spindle travel
  • Speed between 580 to 3200 RPM
  • Work table 9-1/2 x 9-1/2″
  • 45-degrees in both directions
  • Quill diameter of 2.17 inches

This is a very popular option in this category and has received much positive feedback from happy customers. One of the outstanding features of the WEN 4214 is the amazing value for money it offers. Wen has been going since 1951 and has a great name in the market. Feature-wise this drill press is a real winner.You will have all the power and torque you need from the 2/3hp induction motor. It is 120 V and 60 Hz and will breeze through most materials. The motor uses ball bearings for durability and improved performance.

One feature that really stands out and makes the drill press extremely versatile is the precision speed selection, anywhere between 580 to 3200 RPM. The active speed can be clearly seen on a LED display.

This is super handy and great for precision work. The torque is consistent across the speed range. It also means no hassling with manual speed changes and there are no belts to change with this model. The keyed chuck is 5/8”.It has a 3-1/8-inch spindle travel and you can drill with precision and constancy with the accurate linear depth stop. The quality laser uses an X-pattern for additional precision.

Other useful features include a decent work light as well as table roller extension, allowing you to increase your workspace by up to 17 inches. The standard table measures 9-1/2 x 9-1/2″ and is made from solid cast iron. Height adjustment is easy with a rack & pinion mechanism.  It can bevel to 45-degrees in both directions.

Positives
  • Great induction motor
  • Durable design
  • Fully variable speeds with LED speed display and easy speed changes
  • Easy height adjustment
  • Quality laser guide
  • Extendable work table
  • Excellent value for money
  • Work light
  • Precision depth control
  • 2-Year warranty
Negatives
  • Some users complained of vibration
  • No spindle lock
  • Not ideal on harder metals
7 Best price

WEN 4210 – Best on a budget

Features

  • 10-inch drill
  • 2/3hp induction motor
  • 5 speed options with RPM of 600, 1100, 1700, 2400 or 3100
  • X-pattern laser guide
  • 1/2-inch chuck
  • 45-degrees left and right
  • 2-1/2” of spindle travel

Another great WEN drill press that is equally popular and well rated by customers is the slightly smaller option, the 4210. As with the previous model, this is great value for money.

This 10-inch drill does not have the variable speeds and digital speed display but still has a lot to offer and at an amazing price.

Power wise it is the same with a 2/3hp induction motor and it has 5 speed options with RPM of 600, 1100, 1700, 2400 or 3100. The motor also uses the ball bearing design. Like the 4214 it has the X-pattern laser guide for easiness and accuracy as well as a work light. The chuck is 1/2-inch and there is a JT33 spindle taper.

The drill press is solid and durable with a cast iron construction. For precision angels, the work table bevels left and right by 45-degrees.  You get 2-1/2” of spindle travel with a clear locking depth for consistent accuracy. The rack and pinion design allows you to adjust the height of the 7-5/8 x 7-5/8″ work table with ease. It is made of solid cast iron.

Adding to the versatility of this drill press there is a range of accessories available as extras including drum sanders, a mortising attachment, and circle cutters.

Positives
  • Excellent value for money
  • Powerful induction motor
  • Accurate laser guide
  • Work light
  • 2-year warranty
Negatives
  • Will not have enough power for thick metal drilling
  • Some found the assembly a bit of a challenge
8

RIKON 30-140 – Best all-rounder

Features

  • 1/3 HP motor
  • 5 speed options (620 to 3100 RPM)
  • 90-degrees to the left
  • 45-degrees to the right

This is a compact versatile drill press that is suitable for a wide range of applications. It makes a great addition to your home workshop and is also popular with contractors. It is easy to use and efficient.

The 1/3 HP motor has enough power to take on most projects and there are 5 speed options delivering RPM from 620 to 3100. The head tilts 90-degrees to the left and 45-degrees to the right. This gives you great versatility and will allow you to work on a range of materials with ease. The table height is easy to adjust thanks to the rack and pinion design. The 30-140 has a 34-inch swing.

Rikon gives a good two-year warranty on this product. Other great feature is the clutch depth stop. This will allow fast and accurate work. It is solidly built and gives good stability.

Positives
  • Highly versatile
  • Solid construction
  • Durable
  • Good 2-year warranty
  • Easy to adjust
Negatives
  • Some of the parts are plastic
9

Klutch – Best for consistency and accuracy

Features

  • 3/4 HP motor
  • 16 speed options (260 to 3,140 RPM)
  • 5/8 inch chuck
  • 13 inch swing
  • 45-degrees
  • Gooseneck LED light

This is a great floor mounted option that gives you the freedom to work on larger projects.

This model is equipped with a powerful 3/4 HP motor. The most outstanding feature is that the drill press has the 16 different speed options that will allow you to drill at 260 to 3,140 RPM. This is an awesome range that allows you to conduct precise drilling on a great range and size of materials. It has a 5/8 inch chuck and allows for drilling up to 1 inch

The Klutch drill press has a vertical stroke and a 13 inch swing. The work table can tilt by 45-degrees and it has ball knob operated depth lock which is convenient and accurate. Other handy features are a gooseneck LED light to brighten up your work. There is also a handy storage area for you chuck key.

Consumer feedback on this drill press has been positive.

Positives
  • A great range of 16 speed options
  • Quality accurate depth lock
  • Capable of working on larger materials
  • Gooseneck LED light
  • Chuck key storage
Negatives
  • The maximum spindle depth of 1-inch is a bit limiting

Buyer’s Guide

How to choose the Best Drill Press under $500?

While there are a number of options available, many have unique features and benefits that might make them more suitable for your needs. Give some thought to the kind of work you intend doing with your drill. Think about the types of materials and the sizes of the materials you plan to work with. Also, give some thought to any special requirements you might have.

Here are some of the most important consideration when selecting a drill press.

Drill press type

There are two main designs of drill press machines, floor standing or bench mounted. Both have some advantages and disadvantages. A floor model is often more versatile and has more accessories and features. It is also more suited to large scale work. A bench mounted option takes up less space and will be firm and stable when mounted to a solid workbench.

Bench mounted drill press machines are generally more affordable and they have the advantage of being more portable. If you do not intend to do much heavy duty work, they make a good option. Most have a bit less power and less swing size than the floor standing options but they are great for most DIY or workshop projects.

8 Best Drill Presses Under $200 -2

A floor standing drill press will normally give more power, space, and flexibility. They have a wider swing and are more precise.

The choice will come down to your requirements as well as the size and layout of your workshop. Some more compact areas might need a drill press with a very small footprint so as not to take up too much space. You might even need one that is even more compact and portable so that you move it from place to place when necessary.

Height

Following the type and size of the drill press, the height is another important consideration. Again, this will depend on your personal circumstances and situation. Do not get one that is too high for you to work comfortably. There is a range of heights available so look for the one that suits you the best.

Weight

The centrifugal force of a drill press is powerful and can cause vibrations. These can lead to challenges and work that is not precise or accurate. The higher the speed the greater the force and the more vibrations can be expected. For this reason, a heavier drill press is beneficial as you will have a smoother and more accurate experience. The way it is mounted is also important.

Apart from the weight of the actual drill press, you also want to ensure that it has a base insert mount to securely fasten the drill press to your work surface.

Power

Well, this is certainly something you need to pay attention to. If you intend to work on harder or on thicker materials, you will need power. The power of a drill press is generally rated in horsepower (HP). When comparing options, look at the HP and determine if it is sufficient for the type of work you intend to do. More horsepower means you drill larger, deeper holes into a wider range of materials. It gives you flexibility.

Swing Size

One of the main advantages of a radial drill press is that you have much more freedom with swing size. This will allow for more versatility and larger operation when necessary.

​Shaft Motion

A good drill press gives you a good range of motion making the machine more versatile and effective for multiple applications.

​Angles

Look for a drill press that offers you a range of angles as this will give you greater versatility. Most rotate between 90-degrees left and right. Some offer a wider range of movement.

Speed adjustment options

Different materials and drilling requirements call for different speeds so you want to be sure that the drill press you decide on is suitable for the type of work you intend doing. Some models offer more options than others. The right speed will leave you a better finish that will generally not need further sanding.

9 Best Drill Presses under $500

Depth Stop

You want your drilling experience to be as hassle-free and accurate as possible. A good depth stop is important to achieve this.  When you need to drill multiple holes quickly and consistently a good depth stop will be a great help. It will ensure all holes are consistently and perfectly drilled.

Swing

The swing of a drill press refers to the shaft distance and is another important consideration. It is the distance that the drill spindle is able to move which will determine the maximum depth that you are able to drill.

A quality durable work table

You want a sturdy and solid work table that can be adjusted up and down with ease. Some require manual adjustment which is time-consuming and tricky. Others are quick and easy to adjust. It is important that the surface is a decent size and solidly constructed from durable material.

Accessories and attachments

Not all models and manufacturers are equal in this regard. While some can use universal accessories, some will only work with their own brand or specific attachments. If you want to have versatility look for a drill press that offers a range of attachments. Attachments available include sanding, polishing and mortising. One can also add circle cutters, grinders, spade bits and a range of other useful attachments.

Warranty and Serviceability

A company that offers a decent warranty on its products believe in the reliability and durability of the machine. Take note of the warranty they provide. Some manufacturers are also better with service, spare parts and assistance than others.

The reputation of the company is also important. While there are many new companies that produce top quality power tools, it is important to get an understanding of the reputation and history of the company that manufactures the drill press. Some companies have exceptional aftersales service while others are hard to get hold of and unresponsive. Given the importance of a quality drill press in your workshop, you want to know that you will be looked after if there are any issues or problems.

8 Best Drill Presses Under $200 -1

Budget

One always has to consider the budget when investing in equipment. You do not want to overpay and spend too much while at the same you do not want to skimp and get a drill press that does not meet your expectations or requirements. A drill press is something that you will use often so it is worthwhile investing in a quality machine.

Chuck Capacity

The size of the chuck will determine the size of drill bits you will be able to use. It will also impact the additional attachments and accessories that the machine can handle. The bigger, the better. If your intention is to work only on small to medium projects this will not be a major factor but if you want the freedom to do larger work then go for a drill press with a decent chuck size.

Chick size is generally in proportion to the power of the motor which makes sense. There is no point in having a large chuck size if the motor is not up to the job.

The drill presses we have reviewed all have a decent chuck size but if you have special requirements, go for one with a larger chuck.

Final thoughts

A good drill press is the one piece of workshop equipment you will use most often. It is an essential tool and you want to make sure you get a decent model. We were careful with our selection and there is one to suit every need and budget.

Take the time and effort to consider your needs and requirements, both now and in the future. Do not spend too much if it is not necessary but do not try to save a few dollars and restrict or limit yourself. You do not want to be disappointed.

All of the options we have reviewed are highly rated and quality equipment.

Consider the type of work you intend doing and choose the one that best suits your needs. Once you have a quality drill press you will wonder how you ever lived without it.

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