The 5 Best Tool Chests under $500

For over 5 years I have been living within my means and making ends meet by sticking to a budget and making smart purchases. I needed to invest in a tool box but I didn’t want to spend and arm and a leg doing it and planned on spending a lot less than some of the ones I see around my friends shop. That being said, I had to do some research and investigating and I generated this list that will highlight what I feel is the best tool chest under $500.

Do You Need One?

Do you are thinking about buying something to hold all your useful tools but do you really need it? If your entire tool collection weights more than 15 pounds I would say you fall into the category of needing the best tool chest under $500and you better do it before your glove compartment and car trunk become so cluttered you can’t find a map or your spare tire. Anything under 15 pounds worth of tools and I would say you are better off finding a bottom drawer in a dresser or a 10 gallon bucket to keep your small collection in.

Things to Consider

I had to think about storage capacity and the overall storage space it would take up in my home and I suggest you do the same. If you plan on keeping your tool chest in your back seat and you don’t have a ton of tools then a small, portable option would be good for you but if you are needing something to hold larger amounts of a wider variety, then a bigger model would be suitable. Keeping these aspects in mind is a great way to hone in on what your options are. After all, you are looking for the best tool chest under $500 and you want every penny you spend to stretch.

What’s the Hype?

The talk around the shop and a lot of buzz on the internet will scream in your face that any tool box worth investing in is going to come with a price range well over $800 and even into the thousands. I say that is ridiculous. While I know having money might make people think they can spend it on the first tool box they see, I tend to be a little more cautious and reasonable with my purchases I don’t need it to cost the price of a gold brick and I just know I can narrow down the best tool chest under $500.

The 5 Best Tool Chest under $500 reviews

#1 Waterloo Shop Series 5-Drawer Tool Cabinet with Full-Extension Friction Drawer Slides, Red Finish, 26″ W

Waterloo Shop Series 5-Drawer Tool Cabinet with Full-Extension Friction Drawer Slides, Red Finish, 26

Waterloo Shop Series 5-Drawer Tool Cabinet with Full-Extension Friction Drawer Slides, Red Finish, 26″ W

A great tool box that offers great mobility. For the price it would be a great investment for all of your tool storing needs.

Pros

  • Made in the USA
  • 25 pound capacity for each drawer
  • Key and lock equipped
  • 500 pound weight capacity

Cons

  • Prone to rust
  • Prone to dents
  • Drawers can stick and not open smoothly

#2 Rubbermaid 773488 5-Drawer Mobile Work Center

Rubbermaid 773488 5-Drawer Mobile Work Center

Rubbermaid 773488 5-Drawer Mobile Work Center

I rank this productup there with the best tool chest under $500 to fit my needs. It has a 4 star Amazon rating and lots of storage capacity.

Pros

  • Durable frame
  • 5 drawers for storage and easy access
  • 21 foot depth

Cons

  • · Light weight frame
  • · Temperature sensitive material
  • · 250 pound weight capacity

#3 Craftsman Evolv 5 Drawer Tool Chest

Craftsman Evolv 5 Drawer Tool Chest

Craftsman Evolv 5 Drawer Tool Chest

The price can’t be beat and the long lasting dependability is very attractive.

Pros

  • 300 lbs. capacity
  • Bulk storage
  • Equipped with key and lock

Cons

  • Light weight frame
  • Can rust
  • Can scratch

#4 Portable 16 Drawers Tool Cart Top Chest Box Rolling Toolbox Cabinets Storage

Portable 16 Drawers Tool Cart Top Chest Box Rolling Toolbox Cabinets Storage

Portable 16 Drawers Tool Cart Top Chest Box Rolling Toolbox Cabinets Storage

This is simply the best tool chest under $500 on the market in my opinion. The storage drawers are numerous and access couldn’t be easier.

Pros

  • Durable
  • Several storage drawers
  • Key and lock

Cons

  • Can rust
  • Can scratch
  • Not fire resistant

#5 6 Drawer Top Chest, 100 Lb Capacity on All Drawers, 5″ X 2″ Casters, Auto Return Drawers, 600 Lb Capacity.

6 Drawer Top Chest, 100 Lb Capacity on All Drawers, 5

6 Drawer Top Chest, 100 Lb Capacity on All Drawers, 5″ X 2″ Casters, Auto Return Drawers, 600 Lb Capacity.

This Dewalt tool chest is super portable with all the storage space I would come to expect from this manufacturer.

Pros

  • 6 drawer storage capacity
  • Bulk storage area
  • Portable mobility

Cons

  • Caster free
  • Heavy when full
  • Can rust

CONCLUSION

The Portable 16 Drawers Tool Cart Top Chest Box Rolling Toolbox Cabinets Storage is the best tool chest under $500 for its simple design and overall storage capacity. Mobility is great with its rotating casters and the height is perfect for jobs that require standing, squatting, or sitting. For the price, the construction, durability, dependability and overall quality can’t be matched.

 

James F. Core
 

I love fishing, that's all.

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