The best smartwatch under $500

Best Buy

If you want a watch that does more than basic time-telling, the Apple Watch Series 5 will exceed all of your expectations.

Apple may not have decades of experience in watchmaking, but when it comes to worthwhile watches under $500 that you should consider, it's impossible to leave out the Apple Watch.

Some people consider smartwatches in a class of their own because of its many other features, but I'm including it on this list because it checks off the two primary requirements of a traditional watch: telling time and being worn on the wrist.

There are a lot of variations of the Apple Watch, but I specifically recommend getting the Nike version with GPS connectivity for a few simple reasons. Compared to the standard Apple Watch, the Nike Apple Watch comes with several exclusive watch faces and the Nike Run Club app already installed. And, it's the same price. The only reason you should choose the original model is if you're interested in the gold case (the Nike version only comes in space grey and silver).

Regardless of which watch you decide on, I recommend getting the GPS model instead of the LTE model. Unless there are very specific instances where you want to leave your phone behind but you're absolutely sure you'll still need to make calls and send texts, you won't find good value in it. The LTE model has a higher purchase price ($499 for the 40mm and $529 for the 44mm) and you'll have to pay a monthly service fee to your cellphone service provider.

The GPS model, on the other hand, is priced at $399 for the 40mm and $429 for the 44mm. I recommend choosing the size that best fits the size of your wrist. If big-face watches are usually too large on you, don't get the 44mm just because you have an extra $30 to spare.

As long as you have your cellphone with you (or in relatively close range) the GPS model works wonderfully. In addition to simply telling the time, the Apple Watch is great for tracking workouts, monitoring your heart rate, checking the weather, quickly replying to text messages, answering phone calls, changing your music, and more — the list of features goes on.

If you're looking for pure functionality and usefulness rather than aesthetics, the Apple Watch beats more traditional watches every time. Think about it this way: You'll probably use the Apple Watch's additional features hundreds of times before you actually use a rotating bezel or chronograph for their intended purposes.

Pros: Lots of useful features, comfortable to wear, can help promote a healthier lifestyle

Cons: Lacks the appearance of a traditional watch (although different bands can help improve its look), only ideal for iPhone users