There are a ton of models for less than $1,000 on the market at any given moment, and a large fraction of those are less than $500. As long as you manage your expectations regarding options and specs, you can still get quite a bit from a budget laptop model, including good battery life and a reasonably lightweight laptop body. (If you're replacing an old Windows laptop that's not up to running Windows anymore, consider turning it into a Chromebook.)
Price
If the statistics Intel and PC manufacturers hurl at us are correct, you'll be holding onto this laptop for at least three years so don't skimp if you can afford to stretch your budget a little to better specs.
Even better, think about a laptop with a replaceable battery (if you can find one), upgradable memory (although memory is usually soldered to the motherboard), graphics card and storage, or all of the above. If you do, trawl the user reviews and comments for people's experiences with upgrading a particular model. Sometimes they require proprietary parts or require accessing hard-to-access locations in the system.
For a cheap gaming laptop, you'll still have to break the $500 ceiling to support most games. The least expensive budget laptops suitable for a solid gaming performance experience -- those with moderately powerful discrete graphics processors -- will run you closer to $700. Here are our recommendations if you're looking for the best gaming laptop under $1,000. If you like to live on the bleeding edge, cloud gaming services such as Nvidia GeForce Now and Microsoft Xbox Game Pass Ultimate's Cloud Gaming will let you play games on laptops with specs that hit the under-$500 mark.
A bright spot is you don't have to settle for a traditional clamshell laptop with a fixed display and keyboard. You can also get a convertible laptop (aka, a two-in-one), which has a screen that flips around to turn the screen into a tablet, to position it for comfortable streaming or to do a presentation.
You can also try to make your current laptop last a little longer. If you need something to tide you over for a few months, dig into possible places to buy refurbished machines and explore nonprofit or educational discounts if you're eligible.
Windows, Mac or Chromebook
You won't find cheap laptop prices for a MacBook or any other Apple laptop. At best you can get the current entry-level model of the MacBook Air for $999. On sale, you may be able to get it for less than that but it will never reach truly "budget" territory. Even an iPad will run you more than $500 once you buy the optional keyboard (although it might work out to less if you look for sales on the tablet or keyboard), which is above our budget here. A base-model iPad with an inexpensive Bluetooth keyboard and a cheap stand for the iPad might suffice.
It's easier to find inexpensive Chromebooks than cheap Windows laptops, making them one of the most popular budget laptops on the market, although we're also seeing a lot more Chromebooks in the $500-to-$1,000 range and more Windows laptops in the $500 range. Those Windows systems are frequently repurposed Chromebook configurations that really aren't up to running Windows comfortably.
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