Home mechanics, woodworkers, and other home garage workers need a tool chest to maintain order and organization of their tools. While it is possible to spend a lot of money on a toolbox that can come with humidifiers, lights, and even sound systems, wouldn’t it be better to use that money to buy new tools?

Whether you like saving money or are on a tighter budget, you still need a high-quality tool chest for a low price. We will review the five best tool chests under $500 for you. You can make your purchase and then get back to that hobby you love so much.


Preview

Product

Storage Size

Number of Drawers

Check Price

Viper Tool Storage V1804BLR 16-Inch 4-Drawer...

The Original

Pink Box

5,825 Cubic Inches

4

LHONE 2 in 1 Rolling Tool Chest, 5 Drawer...

LHONE 2 In 1

(Rolling)

14,000 Cubic Inches

8

Craftsman 6 Drawer Heavy Duty Top Tool Chest,...

Craftsman

902916

4680 Cubic Inches

6

Professional Mechanics Rolling Tool Chest...

Professional Mechanics

1133-AB

9220 Cubic Inches

8

Goplus 6-Drawer Rolling Tool Chest Removable...

Goplus US-ES

13854 Cubic Inches

6

Handyman Heavy Duty Steel Toolbox with Chests...

Handyman

Heavy Duty

13416 Cubic Inches

8


Buying a Value For Money Tool Chest

Quality and durability don’t have to cost an arm and a leg. If you are looking for a tool chest under $500, you should still be able to get high-quality, long-lasting, and full-featured items. Below we share some of the considerations you should make when buying your next tool chest.

Dimensions

The overall size of the tool chest will determine if it is suitable for your needs and space. Most tool chests aren’t very wide (though they can be), but can get quite tall. Before you purchase the toolbox and bring it home, you should check the dimensions and compare them to the space you plan to put the chest in.

You should measure the width, length, and heights, but also pay attention to how far the drawers pull out and if there are sliding or hinged doors that need extra room to open. Ease of access is just as important as the space your tool chest is stored.

Storage Capacity

The inside dimensions are also important. With such a wide array of tools out there, you could have dozens of tools or thousands. Your tools will also come in various lengths, widths, and thicknesses. You will want a tool chest that can accommodate large-handled screwdrivers and large sockets as well as files and hole punches.

Your inventory should be stored neatly and organized for easy access, use, and retrieval. If your drawers are too small, you will be forced to shove the tools in; likewise, if they are too large, you may end up spending more time looking for lost tools when you need them most.

Drawers

You should also look at the type of drawers as well as the number of drawers. There are several styles of drawers, with the most common being slide-out. Ball-bearing sliders hold the drawers and allow you to pull them outward effortlessly.

The drawers should be rated for heavy loads if you require them. Having cabinets instead of drawers is common, too. Depending on your needs, more cabinets or more drawers may be what you are looking for. Making that distinction before you purchase will be critical to the usefulness and satisfaction of your purchase.

Durability/Strength

The tool chest should be highly durable, as well. You will be accessing the drawers and cabinets a lot. You might also be moving it around, too. The construction should be solid, reliable, and able to handle anything you throw at it or in it.

Security of the Tool Chest

If your tool chest is mobile, stored in your truck or in your work garage where other people are nearby, you should also consider the security of the chest. Individual door locks are not as standard as the single-key entry that locks or unlocks the entire unit. Depending on your needs, your chest should match.

Ease of Use & Portability

If you plan to assemble or unpack your tool chest and put it in a spot where it will stay until it rusts to pieces, then you won’t worry so much about portability. However, for the rest of us, durable, locking caster wheels are a must. The wheels should roll smoothly and have enough support to hold triple the weight of the tool chest.

Other Features & Aesthetics

Another small feature is that the tool chest should look good. Whether it matches your garage décor or you want it to stand out and be noticed, the finish, color, and design of the tool chest should be something you are proud to show off.

Price & Warranty

Finally, you should make sure the tool chest fits in your budget. Our review below will cover the five best tool chests under $500. There are many on the list at a much lower price than that, as well. However, the price should also work well with the warranty. You want your investment to last, but also be covered in case something goes wrong.


6 Best Tool Chests Under $500 Reviewed

Now we will show you the 6 best tool chests under 500 bucks. Each one should serve you well in your workshop or garage.

1. The Original Pink Box

Our Top Pick

Dimensions

18.1 x 16 x 36.5 inches

Storage Size

5,825 Cubic Inches

Weight Capacity

100 Pounds/drawer

Number of Drawers

4

Construction Material

18 gauge Stainless Steel

Warranty

Lifetime

The Original Pink Box may have a funny name and a bright, obtrusive color, but it won’t disappoint you in any way. The large capacity 4-drawer system is our top pick for many reasons. First is the drawer capacity, each drawer measures 11.56 x 16.25 with the top drawer almost 5 inches tall. The other three are nearly 2 inches tall. You will be able to store any tool you can imagine in this big box.

The locking cabinet has an internal measurement of 15.62 x 16.75 x 14.43 inches, which will store most hydraulic jacks, toolboxes, or larger items such as saws and bags. The heavy-duty caster wheels can hold and move around over 900 pounds, and the top shelf is ideal for working on smaller projects without needing a separate bench.

The wheels lock (two of them), and so does the entire cabinet. You get a cylinder lock installed with two keys to keep all your tools and possessions safe. Did we mention each drawer can hold 100 pounds? With 6000 series aluminum slides and steel ball bearings, your chest won’t even realize it has tools on it. The slides work flawlessly each and every time you extend a drawer.

Pros

  • The entire cabinet locks, as well as the wheels
  • Each drawer holds up to 100 lbs
  • Easy sliding drawers

Cons

  • Pink color is not for everyone

2. LHONE 2 in 1 (Rolling)

Runner Up

Dimensions

23 x 11 x 40.5 Inches

Storage Size

14,000 Cubic Inches

Weight Capacity

11 Pounds/drawer

Number of Drawers

8

Construction Material

Stainless Steel

Warranty

No

The 2-in-1 rolling tool chest from LHONE is our runner up pick because it is not only under $500, but it is also durable, high-quality steel, and comes with a ton of features. For starters, you get a rolling cabinet that has a removable shelf, locking bay door and movable peg hooks. The tool chest is a 4-drawer chest with a 5th top drawer with a hinged, locking top. What’s even better is the chest fits inside the cart, and you can lock the entire thing.

The plastic-silicone wheels are capable of touting the chest, cabinet, and 220 pounds worth of tools around without strain. Two of the wheels lock as well, so you can set it in place and don’t have to worry about it rolling away. If you want to move it, the durable side handle makes maneuvering a breeze.

Each drawer locks with a lock bar to prevent accidental slide out and comes with EVA matting to protect tools and the chest from damage. There are also three color options to choose from, black on black, red on black and red on red.

Pros

  • Durable high-quality steel
  • Entire chest can lock up
  • Easy to maneuver rolling cabinet
  • Several color options to outfit your work area

Cons

  • Limited User Review

3. Craftsman 902916

Best Rated

Dimensions

26 x 12 x 15.5 Inches

Storage Size

4680 Cubic Inches

Weight Capacity

15 Pounds/drawer

Number of Drawers

6

Construction Material

Stainless Steel

Warranty

Yes, Lifetime

Craftsman is a name we all know and cherish. From their long reign as the best tools in America to their lifetime warranty, Craftsman is a name you can trust. Now, you can keep your Craftsman tools in a Craftsman tool chest. This four-drawer chest has a key lock feature that locks all of the drawers without the need for removable bars. It is also stackable. If you purchase two boxes, they will nest together to offer you double the storage space. It is also designed to work with the 26-inch 4-drawer roller cart.

The Craftsman red chest is made from durable, high-quality steel and comes with ball-bearing rollers for each drawer. The top lifts as well for a storage compartment. Each drawer is also layered with EVA padding to prevent tools from jostling or rolling around.

Pros

  • Quality tool chest from a trusted brand
  • Stackable
  • Compatible with Craftsman rolling cart

Cons

  • Some users have reported that stacking these chests takes some leveling and extra time

4. Professional Mechanics 1133-AB

Best 8 Drawer Tool Chest Under $500

Dimensions

24.3 x 13 x 29.2 inches

Storage Size

9220 Cubic Inches

Weight Capacity

15 Pounds/drawer

Number of Drawers

8

Construction Material

Painted steel

Warranty

Yes, 2 years limited

Professional Mechanics makes a rolling toll chest that has 8 drawers with a total weight limit of over 300 pounds. Each central drawer will hold 15 pounds while the smaller three drawers will maintain up to 8 pounds each.

Made of durable steel, the tool chest is removable form the rolling cart, though it is not recommended. The wheels do not lock, which may be a concern for some home DIYers. You can opt not to install the wheels, though, and make your tool chest a permanent fixture.

Unlike our top pick, the Professional Mechanics tool chest does not fit inside the rolling cart, and the cart drawers and cabinet do not lock. The chest will lock, and you can use the lock bars to prevent access to the top six drawers.

If you need storage space, though, the best 8 drawer tool chest under $500 is this model right here. The ball-bearing slides hold the drawers at full extension without buckling, and you can wheel it wherever you need for the easiest access.

Pros

  • Can hold up to 300 lbs
  • You can remove tool chest from rolling cart
  • Easy to move around
  • Durable steel construction

Cons

  • The wheels do not lock

5. Goplus US-ES

Value for Money

Dimensions

13 x 24.5 x 43.5 inches

Storage Size

13854 Cubic Inches

Weight Capacity

10 Pounds/drawer

Number of Drawers

6

Construction Material

Stainless Steel

Warranty

Yes 2 years

Goplus is a name that continuously comes to the top of many “best of” lists. For a good reason. These tool chests are highly durable, resilient, and well crafted. You won’t have to worry about your tools getting wet, jostled, or lost when you have a Goplus in your garage. The 6-drawer rolling chest has some of the largest caster wheels for easy movement. Two wheels lock to prevent rolling away, and each drawer comes with a ball-bearing slide.

The chest has 4-drawers and locks completely with a key-lock on the flip-top cover. The cart has two drawers and a large cabinet but doesn’t lock. You will also find a small pegboard on the side of the cart for hook storage. The other side sports a low-profile handle for easy movement around your garage. What you won’t get is a headache trying to find your tools. The large capacity chest will store all sorts and sizes for any DIYer, garage mechanic, or professional.

Pros

  • Large caster wheels for superior movement
  • 4-drawer chest locks together with lock on flip-top cover
  • 2 Year Warranty

Cons

  • The large cabinet does not lock

6. Handyman Heavy Duty

Best Tool Chest Combo Under $500

Dimensions

24 x 13 x 43 inches

Storage Size

13416 Cubic Inches

Weight Capacity

10 Pounds/drawer

Number of Drawers

8

Construction Material

Stainless Steel

Warranty

Yes, 2-years

The heavy-duty steel tool chest by Handyman rounds out our top five. The best tool chest combo under $500 is one of the most sturdy tool chest combinations you can buy.

The two-piece chest comes with a 6-drawer toolbox that sits atop a 2-drawer cart with a large storage cabinet area. With 8 total drawers, you can store virtually anything inside. The top toolbox locks and comes with two lock bars to prevent the drawers from opening when the lock is engaged.

Ideal for the home mechanic, this large chest will hold everything from socket wrenches to breaker bars and even has a storage spot for your hydraulic jack. The large caster wheels allow effortless rolling on smooth surfaces for up to 300 pounds so that you can cart all of your tools around the shop space for the easiest access. The Handyman also comes with a discrete handle to it will slide into its permanent location with ease. You will also find six movable hooks to hang a variety of tools form the side of the cart as well.

Pros

  • Excellent combo of tool chest and rolling cabinet in one
  • 2 Year Warranty
  • Can hold up to 300 lbs
  • Large wheels and stainless steel construction

Cons

  • Can dent easily

Types of Tool Boxes & Chest

There are various types of toolboxes and chests. Each one has a unique place in our work and home life. Let's cover them here.

  • Rolling (Portable & Upright)
    Rolling tool chests are more substantial pieces, usually with a removable toolbox on top, that works as a storage cart. They are meant to be placed in the workshop or garage, set up, and used either in a stationary potion with locking wheels or moved around as needed for easier access.
  • Truck-Mounted
    Toolboxes that are truck mounted are designed to hold tools and equipment in the bed of your truck where they are permanently installed. They are suitable for those that work from their trucks or need to travel to work sites frequently.
  • Stationary
    Stationary tool chests are designed to be installed or set up in one spot and left there. Usually, these are larger cabinet style chests and are mounted in or on walls or on top of larger workbenches. Once put up, they stay where they are installed and only get taken down when they need replacement.
  • Toolbox/Workbench Hybrids
    Some toolboxes double as a workbench, or you have a workbench with storage capabilities. These can be a permanent mount or broken down to take with you.
  • Hand Carry
    Hand carry toolboxes should be a staple of every working professional and home DIYer. Having a hand carry box will allow you to put various tools inside for certain projects and take it with you. Doing so will prevent multiple trips to and from the tool chest and will enable you to have everything you need by your side.

People Also Ask (FAQs)

Let’s take a look at the answers for some of the frequently asked questions about tool chests under $500.

How do I replace my locks?

Replacing a lock is a simple process. The hard part will be finding a suitable replacement. Ost home improvement stores will carry a selection of locks designed for toolboxes, chests, and doors. Once you find the correct size, remove the old lock by unscrewing the mounting nut on the backside of the lock.

Pull the old lock out through the front. You may have to remove the lock arm as well, which is held on by a nut and washer. Place the new lock in from the front, attach the mounting nut and reattach the locking arm. For locks that are built into the tool chest, you will have to refer to the owner’s manual or manufacturer’s website for instructions.

What does the maximum product weight mean?

The maximum product weight is the total weight of the entire chest. For example, assume your chest has 10 drawers and a large cabinet area with a shelf. If each drawer can hold 10 pounds, the cabinet holds 20, and the shelf holds five, then the maximum total weight is 125 pounds.

(10X10) + 20 + 5 = 125.

What are some differences between cheap and expensive models?

There are three primary differences between cheap and expensive tool chest models. First is the build materials. High-quality stainless steel, carbon fiber, and even Kevlar are used in the more expensive tool chests. Second is the build quality.

Welded seams will be found in high-quality, expensive models where crimped seams are more common in cheaper models. Finally, warranties are an indication as well. Expensive models will offer more extended warranties, up to a lifetime guarantee, where cheaper models may not offer a warranty at all.

How big of a tool chest do I need for a part-time home DIY-er?

The answer will depend on the type of tools you plan to use. Most home repairs can be done with a hammer, pair of pliers, and a screwdriver. In this case, you won’t need a tool chest at all. However, you may require screwdriver sets, levels, a hammer selection, drywall tools, electrical tools, general repair tools, and specialized tools.

When choosing a toolbox, you should always plan for the future and not the present. Buy a tool chest that has a larger capacity than your current inventory so you can grow your tool selection without having to replace your chest.


Conclusion

Finding the right tool chest under $500 doesn’t have to be a difficult chore. You have tools that need a storage solution and a budget that would rather see new tools than an expensive chest to keep them in. Our review of the 5 best tool chests should have given you plenty of ideas for your next purchase.

We highly recommend the Original Pink Box Tool Chest. Not only is it well below the $500 threshold, but the high-quality stainless steel build, as well as tough caster wheels, means you can tote around over 900 pounds of tools. With locking drawers, comfortable handles, and storage for many different sized tools, you can’t go wrong.

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