Best Budget(Cheapest) Cordless Drill Under $50

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A modern home needs a cordless drill more than any other DIY tool considering rickety shelves, hanging wall decoration or assembling home appliances. The modern cordless drills can also give a powerful torque and also be used for hammering making them suitable for any commercial needs as well as handyman needs. Even non-DIY fans now find it hard to live without a cordless drill because of the stress of using manual drills and screwdrivers. The versatility of cordless drill/drivers turns you into your own handyman saving you money and time.

There are always many factors to consider before purchasing everything but all of them comes down to your budget. The best drills in the market attract high prices although some are also exaggerated. The best cordless drill still remains the one that can handle your DIY project and it doesn`t have to be one that breaks the bank. There are great cordless drills in the market to perform domestic tasks as well as heavy-duty commercial projects at an affordable price.  This is why we tried to narrow down the few high-quality cordless drills in the market to your budget of $50 in this guide.

As you go through the drills we recommended after professional examination and going through thousands of customer reviews, you should focus on the features because we got you covered on the price. Below the reviews we have included a guide on factors you need to consider when buying, using and maintaining your cordless drill.

Top 5 Best Cordless Drills Reviews

1. Black+Decker LDX120C 20V Max Cordless Drill/Drive

This is probably the most popular 20v cordless drill in the market because of a compact lightweight design that can work efficiently in narrow spaces. Its 20v battery means it can deliver the strongest torque of any regular cordless drill combining with a powerful four-pole mortar which runs a steady 650RPM speed for efficient drill and drive operations. Its 7-inch top also allows you to squeeze it through narrow places with a LED light that brightens up any dark workspaces.

It weighs no more than 3 pounds which also allows you to use it overhead for long hours without fatigue. Moreover, with its 3/8inch chuck which is softer on the 20v battery, your runtime is increased significantly. It uses the regular Black+Decker Lithium battery which recharges quickly and delivers up to 4AH of power. A single charge is enough to perform your domestic DIY tasks but you can always get a replacement for commercial grade projects.

The drill is also soft on your arms with the ergonomic grip that allows you to work and control with one arm. Its 11 point clutch gives you control over your drill and drive tasks protecting both the material and the mortar.

Video Source: https://www.youtube.com/watch?v=U1O0MeG7HiM

Pros

  • Allows variable speeds for drive and counter drive
  • Compact design with a narrow head effective for narrow spaces
  • The LI-ON battery recharges quickly
  • It can handle heavy duty drilling tasks

Cons

  • The kit comes with only one battery

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2. Milwaukee M12 2407-20 Cordless Drill

This is another compact drill from Milwaukee famous for its lightweight design and universal battery compatibility. It is built using premium quality metal parts including a powerful Ratcheting chuck with a sturdy grip on your standard 3/8inch bits. Its ergonomic handle with a soft rubber grip makes it easy to handle and control with one arm, a very important factor for narrow spaces. Moreover, it weighs only 2.1lbs allowing you more runtime in overhead drilling without fatigue.

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It accommodates both DC and AC power sources allowing you to switch to your power cord while charging your battery whenever possible. Its inbuilt fuel gauge helps you track your battery life while working to schedule your charging. It still delivers a powerful torque at 275lbs which is generally higher than most 3/8inch drills in the market.

This easy to use design makes this a great tool for all DIY tasks including standard commercial jobs that may require high-speed drilling or drive and counter drive tasks. Its bright LED work light also lights up your working space allowing you to work comfortably in dark spaces.

Video Source: https://www.youtube.com/watch?v=VdplWrKMfII

Pros

  • It can be used as a corded or cordless drill
  • It is light with an ergonomic grip
  • It has an onboard fuel gauge for tracking battery life
  • 18-point keyless chuck for accurate torque settings
  • It is built using premium steel parts

Cons

  • Battery and charger are sold separately

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3. Rigid R82005 12v 3/8inch Cordless Drill

Rigid is another popular brand with powerful OEM tools and this is their best seller cordless drill designed for standard and light drill/drive tasks. It is a powerful drill suitable for any DIY tasks on wooden, light metal and concrete surfaces. Its steel HEX grip is powerful holding your bit sturdily for accurate performance. It also features a powerful 4 pole mortar that can deliver 300lbs in torque which is capable of handling heavier tasks than most 12v drills.

For your working convenience, this Rigid drill has an ergonomic handle with a breathable rubberized handle that allows you to hold firmly and work for long. Its rough surface also maintains a strong grip when there are wet conditions while working. Its LED work light engages automatically when you activate the drill to light up your drilling.

Its variable speed trigger allows you to enter the right settings for drive and drill tasks. Its high-speed settings can also deliver excellent 1500RPM speeds that allow you to reach your desired depth quickly. Moreover, Its 18 point chuck allows you to set accurate torque for the task at hand.

Video Source: https://www.homedepot.com/p/RIDGID-Fuego-12-Volt-3-8-in-Cordless-Hyper-Lithium-Ion-2-Speed-Drill-Driver-Kit-R82009K/204811658

Pros

  • It has a variable speed trigger for multiple task settings
  • It can be connected to an AC cord
  • A bright LED light for dark work spaces
  • An ergonomic handle that retains a strong grip in wet conditions
  • Powerful high-speed rotations for quick drilling

Cons

  • It is a tool only, you have to buy batteries separately

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4. Tacklife 12v 3/8inch Cordless drill/drive kit

This is a complete drill/drive package delivered ready for any task. Unlike other drills that are delivered tool only, this Tacklife drill comes alongside two batteries, a charger, 12 pieces of bits, 6 for drilling and 6 for driving and an extension all packed in a classy waterproof case. It is an attractive package for both professionals and DIY fans because it offers everything you need in a drill on the go.

Besides the attractive package, the drill itself has a powerful combination of deal-breaker features. First, it has a variable speed trigger for 0-350RPM for drive operations as well as 0-1300 RPMs for drill operations. The parts are all metal delivering a strong torque up to 239lbs which can drill or drive on a wide range of surfaces including concrete and light metal.

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Its ergonomic pistol grip can be managed in one hand for long hours of nonstop drilling. Its Li-On battery also has a longer life span than its 12v counterparts. The chuck has 20 adjustment points allowing you to select your preferred torque accurately to prevent overdrive and snapped screws.

Video Source: https://www.youtube.com/watch?v=FUu5xoU2uJQ

Pros

  • It comes with a waterproof case for tool safety
  • It has a powerful LED work light for dark work spaces
  • It has an inbuilt fuel gauge for work and recharges scheduling
  • It comes as a complete package with a backup battery ready for use
  • It has a 2-year warranty

Cons

  • It is heavy, up to 4.15lbs likely to cause fatigue in overhead drilling

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5. Hi-Spec 18v Pro Combo Cordless drill/drive

Hi-Spec also delivers a complete drill/drive set suitable for heavy duty professional and DIY tasks. It has a powerful 18v battery with a long life that gives you a more run time. It is exceptionally slim for easy single hand operations.

This complete set also has a 30bit kit as a bonus that arranges all the tools you need to work on site keeping them neat and clean. This package makes this a one-time pocket-friendly purchase because it includes your back up batteries and charger.

All its parts are metallic, durable and powerful enough to withstand harsh conditions even on construction sites. It has variable speed settings that deliver a steady 0-550RPM drill/drive speeds suitable for drilling even light steel surfaces. It has a narrow head for drilling smoothly into narrow spaces as well. It has a variable speed trigger that lets you choose between high torque and high speed for excellent drill and drive operations.

Video Source: https://www.youtube.com/watch?v=yHdh7RH7KaE

Pros

  • It comes with a 30-bit tool kit for a variety of tasks
  • It is made of durable metallic parts
  • A slim body that allows a comfortable one arm control
  • It has a 3-year warranty

Cons

  • The complete drill set plus the battery is heavy weighing nearly 6lbs

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How to choose the Right cordless Drill

The task you want to handle with your drill will be the determinant of the voltage and chuck size you choose. Here is a video simplifying every little detail you need for selecting and using your drill.

Video Source: https://www.youtube.com/watch?v=FMp8hV07V-8

FAQs

are cordless drills as good as corded drills?

Corded drills are powerful with a strong steady torque assured as long as you have a long cord and an accompanying stable power supply. These features, however, limit your access to confined spaces and make it impossible to work when there is no power. The increased popularity of modern cordless drills is not mistaken though.

While low torque 12v drills cannot deliver the crank of the corded drill, 18-36v drills are fitted with a powerful four-pole mortar that can deliver a powerful torque drilling into metal, granite, concrete, and wood. The Li-On batteries are also powerful with up to 4hours of power which meets the needs of professionals as well as regular DIY tasks. You can also buy an extra battery if you need to work for many hours especially in commercial grade projects. The advantage of our recommendations is that some of them can be used alternately as corded or cordless delivering all the advantages of any drill.

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can a cordless drill be used as a screwdriver?

Most people assume that cordless drills are limited to the drilling function but they are very versatile tools and screwdriving is their main function. The term drill is simply a short form of the drill/drive power tool that is designed to perform a wide range of tasks. Cordless drills are all designed for drilling and driving. Straight bits can be used to drill holes while Hex bits can be used to drive screws and recover them. Some cordless drills can also be used for hammering.

Are Cordless Drill Batteries Interchangeable?

The cordless drills in this package either come in a kit that includes a battery or you will be given directions on how to acquire one in the instruction manual. The batteries used on some cordless drills are universal for most power tools such as impact drivers but only compatible with similar brand batteries. However, you have to stick to the voltage recommended by the manufacturer to protect the mortar and the batteries as well. We highly recommend using the same brand batteries for all your power tools to avoid inconveniences.

Maintenance Tips for a cordless Drill

Like all power tools, the lifespan of your cordless drill largely depends on the level of maintenance you give it. Sticking to the instructions of use as recommended by the manufacturer is very important. These are the other tips you need to ensure an extended quality service from your drill.

  • Don`t store your Li-On batteries without charge
  • Use the recommended drill bit sharpener to keep your tools sharpened always
  • Do not continue using the drill when it overheats or smokes
  • Drill only on the recommended surfaces to prevent wearing the mortar and the chuck
  • Keep your drill in a cool dry place and away from the ground to keep it safe from the elements
  • Cleaning, lubricating and blowing to prevent dust and moisture build up prevents rusting and elongates the life of moving parts

Conclusion

Getting the best cordless drills in the modern market is a daunting task, leave alone landing on the best one on a budget. However, being a vital DIY tool for your home or professional task, it is important that you narrow down to one that meets all your needs. With this guide including the 5 best cordless drills under $50 in the market, you have everything you need to choose your best DIY companion at your most affordable price. We put together a collection of tools and tips that are needed by both first-time buyers and professionals to shop with confidence.

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