Top 5 Motorcycles Under $5,000 in 2023

It seems like every new motorcycle announced for 2023 crept up in price, regardless of whether it got an upgrade or not. Apart from being a huge bummer, this trend also means that the range of streetbikes available under $5,000 is dwindling. But it’s not a barren landscape yet, and there are still some great machines for a variety of ride styles. We’re going to take a look at five of the most compelling below. Want more? Read our Top 5 Cheapest Motorcycles 2023, Best Budget-Friendly Beginner Motorcycles, and Best Budget-Friendly Beginner Motorcycles 2019 articles.

2023 Honda Monkey: $4,249

The Honda Monkey is small in stature but offers a lot for the price.

The Honda Monkey is small in stature but offers a lot for the price. (Honda/)

A sub-$5,000 list of bikes wouldn’t be complete with some type of mini motorcycle, and Honda has a whole mess of them. The Grom, the Super Cub, the Trail, the Navi, all of them would fit this list, but the Monkey makes it this round for its high level of fit and finish. It has an unmistakably vintage aspect combined with touches like LED lighting, highly comfortable suspension, a 125cc single that offers a modest amount of pep on surface streets, and phenomenal fuel mileage. It’s a great learner bike, a fun commuter, and a great weekend rider.

2023 Honda Rebel 300: $4,749

The Honda Rebel 300 is smooth, easy to handle, and a great value for the price.

The Honda Rebel 300 is smooth, easy to handle, and a great value for the price. (Honda/)

Honda’s Rebel 300 is one of our favorite budget-friendly bikes, offering relaxed cruiser style and effortless handling. The 286cc single is super smooth and infinitely manageable for a wide range of skill levels. It regularly features on our rundowns of the best bikes for beginning riders, but it’s also a compelling option for riders who just want to take it easy around town. Full LED lighting, a slip/assist clutch, blacked-out styling elements, and great fuel economy commend the machine further, making it a great value for the price.

2023 Kawasaki KLX230: $4,999

A do-it-all dual sport, the Kawasaki KLX230 is hard to beat.

A do-it-all dual sport, the Kawasaki KLX230 is hard to beat. (Kawasaki/)

Dual sport motorcycles have long been a great bang for the buck because they can take you just about anywhere. And the 2023 Kawasaki KLX230 is no exception. The fuel-injected 233cc single-powered machine is lightweight, handles great, and comes with some updates including improved throttle response in cold weather and a new LED headlight. The platform is also available, for the same price, in S trim, which offers a shorter seat height to appeal to riders with a more modest inseam. A commuter, a camper, a travel companion, a weekend warrior, the KLX 230 is really designed to do it all.

2023 Royal Enfield Classic 350: $4,799

Royal Enfield makes a strong argument for simplicity and styling with its Classic 350.

Royal Enfield makes a strong argument for simplicity and styling with its Classic 350. (Royal Enfield/)

In recent years Royal Enfield has offered customers an enticing value proposition: retro styling, stripped-down design, and budget-friendly cost. The Classic 350 is a great example of this. At $4,799, the bike is highly approachable from a cost perspective. It is a straightforward machine with a 350cc air-cooled single that puts out 20 hp and 19 lb.-ft. of torque. Suspension and braking are similarly uncomplicated. Dual-channel ABS is arguably the most modern tech system on the bike. And the retro styling is unmistakable, looking as if it just came from some early 20th-century battlefield. All these together equal a machine that bucks the trend seen in many other bikes, which continue to grow more and more advanced. As a commuter, especially in highly congested areas, or a low-key weekend warrior, this Enfield will be a great companion.

2023 Yamaha MT-03: $4,999

The Yamaha MT-03 is a great commuter, a fun weekend rider, and on its way to pricing out of a list like this.

The Yamaha MT-03 is a great commuter, a fun weekend rider, and on its way to pricing out of a list like this. (Yamaha/)

The MT-03 is a great way to kick things off because it might not be on this list next year. It’s a perfect example of a compelling machine inching its way toward surpassing the $5,000 mark, with no significant updates on the docket for 2023 yet a $200 bump in price over the 2022 model. The 321cc twin engine is a great option for new and improving riders, the chassis is lithe and easy to handle, the looks are eye-catching, and the bike is a blast around town and on a winding road.

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