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Last Updated on January 24, 2023 by John Patterson
Do you need the new best cordless drills but don’t want to spend a lot of cash?
We’ve got the best budget drills for you!
After hours of research and testing, we narrowed it down to five top-performing cordless drills that will do anything from hanging pictures to drilling through concrete.
Here are our reviews on these five best cheapest cordless drill models:
- Best for Home Use: BLACK+DECKER Cordless Drill
- Best Cordless Drill/Driver: Black & Decker BDCDMT120
- Best Compact Drill: Bosch PS31-2A
- Best Multifunctional: MAIBERG Drill Driver Set
- Best Brushless Drill: SKIL PWRCore 12 Brushless 12V 1/2 Inch Drill Driver
Best Cheapest Cordless Drill Reviews and Comparison
#1. Best Budget: BLACK+DECKER Cordless Drill Review
- VERSATILE 30 PC. SET – Includes a wide...
- CORDLESS DRILL/DRIVER – Compact,...
- 24-POSITION CLUTCH – Prevents...
- SOFT-GRIP HANDLE – Ergonomic design...
- POWERCONNECT BATTERY SYSTEM –...
BATTERY TYPE: Lithium-Ion
CHUCK SIZE: 3/8 inches
CLUTCH SETTINGS: 24
TORQUE: 300 in-lbs
- Owning a drill is important for any DIY enthusiast and professional, but they can be bulky and heavy. BLACK DECKER has created the new 20V Cordless Drill / Driver that weighs only 4.7 pounds so you can work comfortably in tight spaces without getting tired.
- This best cordless drill has up to 750 RPM speeds, so it’s perfect for drilling into wood, metal, and plastic.
- The 24-position clutch allows users to control how much torque goes through the screw while being drilled to prevent stripping screws or overdriving them, which could cause damage.
- If you are looking for the best cordless drill, then this one is perfect!
- It has all of the power of larger cordless drills with less weight and bulkiness making it easier to use in smaller places around your home or office.
- The BLACK DECKER 20V Max Cordless Drill is a great tool to have around our house or garage.
- It has 300 in-lbs of torque which makes driving screws easier than ever!
- This best budget cordless drill also comes with an ergonomic grip handle that helps you keep your hands comfortable while working on projects.
- The drill has an easy-to-use keyless chuck that allows for quick changes between bits (no more time spent fumbling with screw bits!)
- If you are looking for a good quality drilling machine at an affordable price, then this 20-volt drill is what you need! With all these features, we think this is one of the best cordless drills out there right now.
- The battery life is not great (one battery only).
- It’s only good for light tasks, which means it won’t hold up over time.
Key Features and Benefits
The compact size and lightweight of the tool make it one that is easy to use. The soft grip never leads to fatigue because holding on for hours won’t be so bad!
This lighter drill and driver will make your tasks easier to complete. You won’t even notice the discomfort on your hands because it’s so light!
With plenty of choices for DIY projects and home fixings, it’s perfect for low to mid-range jobs! You don’t have to be an expert just as long as you can follow instructions well enough.
This drill enhances the power of a small space. You can put up shelves and cabinets with ease; the battery lasts for hours on end without interruptions when you find yourself in those tight spaces that need an extra hand or two to keep it neat!
This drill is perfect for assembling your furniture and can be used on light tasks as well.
It produces an even, powerful performance, yet it’s still heavy-duty and lightweight enough to use over long periods without feeling too exhausted.
The LD120VA is a powerful tool that produces up to 300 in. lbs. of torque with speeds reaching 750 rpm, making it the perfect choice for fastening projects efficiently and quickly!
This quality drill can control how much pressure you want your screws driven into surfaces so you can prevent them from sinking too deep or breaking their shafts while driving larger screws deeper into harder surfaces like drywall.
There are 24 positions in this clutch setting that will be instrumental when completing jobs as needed.
When you’re working on a project, it’s important to have the right tool for the job.
Consider what one can do with their time when they are not using power tools because there is more than just screwing and drilling involved in light-duty and home improvement projects.
By purchasing this 3/8-inch chuck drill from Black & Decker that offers both quick bit changes and an array of sizes then homeowners will be able to complete any task at hand efficiently rather than spending unnecessary amounts of precious minutes looking around or asking others questions about which drills work best for their needs.
Many tools today have gone wireless, and power drills are no different.
They’ve embraced cordless technology with the benefits it brings to their users, like convenience, portability, and space-saving.
The LD120VA is a prime example of this, as you’ll never need to worry about getting tangled or tripping over wires again while using them!
#2. Black & Decker BDCDMT120 20-Volt MAX Matrix Cordless Drill Review
- Matrix Quick Connect System
- Powerful 20v MAX* motor
- 20v Lithium Ion battery
- Chuck Size: 3/8 in; Clutch Setting: 10;...
- Matrix Quick Connect System
BATTERY TYPE: Lithium-Ion
Battery Voltage: 20-volt max
Charge Time (Minutes): 180
CHUCK SIZE: 3/8 inches
Chuck Type: Keyless
CLUTCH SETTINGS: 10
Tool Weight (lbs.): 4.25
Tool Width (Inches): 3.125
Tool Height (Inches): 8.813
Safety Listing: UL safety listing
- BDCDMT120 20-Volt MAX Lithium-Ion Matrix Cordless Drill is exactly what I was looking for!
- Not only does it have an impressive power rating (a whopping 120 watts!), but it also comes with Matrix Quick Connect System.
- Whether you’re drilling into wood, metal, or plastic, this drill has got your back – not to mention its lightweight design makes working on high-up projects easier than ever before!
- This powerful tool offers up to 2X more runtime than other cordless drills on the market.
- It can also hold its charge for up to one and a half years when not in use!
- The BDCDMT120 has a speed setting – 0-800 RPM. This means that whether you are drilling holes into hard materials like wood or soft ones like drywall, this drill will have enough power behind it to get the job done quickly and easily.
- In addition, this cordless drill comes with six attachments so that you can use it as an impact driver/drill or hammer drill.
- A heavy-duty drill is a necessary tool for any professional worker. But this powerful machine does not come without its drawbacks: it has been found that the continuous use of a high wattage will drain your battery quickly and overheat as well!
Key Features and Benefits
BDCDMT120 is a powerful multi-purpose best budget drill that changes into any head required in mere seconds.
The Matrix Quick Connect System is one of the most versatile options on the market. It allows you to mix and match heads, so if your job requires something different than just drilling holes or driving screws, Black & Decker can adapt with ease – without purchasing a new drill!
You’re not limited to one drill either: this amazing power tool has attachments for trim saws, sanders, routers – even an impact driver provides all of these without ever having to switch tools!
Finally, the solution to all your maintenance problems, The Matrix Quick Connect System, is a revolutionary option to handle metal, plastic, and wood in seconds.
With this innovative and versatile BDCDMT120, you will never have to worry about what materials need fixing again!
BDCDMT120 is the ultimate power tool for repairers and DIY-ers.
This lightweight, cordless machine makes life that much easier with its compact size and maneuverability in tight spaces you may not be able to reach otherwise.
You can even take it on a job without worrying about running out of batteries because this versatile drill operates wirelessly—no outlet required!
BDCDMT120 is an amazingly lightweight, portable drill that will lessen your fatigue on the job.
The handle has a user-friendly material and can withstand most falls as it’s made of heavy-duty rubber, metal, and plastic!
Black & Decker is the pioneer of quality power tools including the best cordless drills.
They stand behind their products and assure you that they are all high-quality, durable gear for your home needs.
BDCDMT120 comes with a 2-year limited warranty, so make sure to register it when purchase!
It’s important to test your drill before you use it for the first time.
If anything is wrong with it, notify the retailer, and they will replace or refund; as long as you take care of this within their return policy period!
Pro Tip: do not try to fix this yourself, as doing so will void any warranties on said item and potentially be hazardous or dangerous!
BDCDMT120 is perfect for household repairs and light-duty projects.
It does not work as well if used on heavier jobs since the battery drains quickly and overheats when in use.
Cordless drills are great for quick jobs or when you don’t have to bring the drill far, but they lack power and may not be a good fit if your project requires drilling into hard surfaces like concrete.
If this is the case, it’s best to plug in those cords!
We recommend Li-ion batteries for their efficiency and cost-effectiveness, but don’t forget about the 20-volt battery.
If your first one runs out unexpectedly, you can always buy a spare at any time!
#3. Bosch PS31-2A Cordless Drill Review
- Premium Performance-to-Size Ratio: The...
- Versatile Use: The high torque and the...
- Precision: This electric drill driver...
- Durability: The Bosch 12V battery drill...
- Visibility: The cordless drill driver...
Battery: 12V Lithium-ion Battery
Battery Chemistry: Lithium-Ion
Battery Voltage: 12-volt
Battery/Charger: 1 Hour Charger
Chuck Design: Keyless
Chuck Size: 3/8 inches
Tool Weight (lbs.): 2.1
Tool Length (Inches): 7
Tool Width (Inches): 2.5
Tool Height (Inches): 7
Safety Listing: CSA safety listing
- The PS31 is a compact but powerful tool that will make your life easier.
- Its small size allows you to take it anywhere you need help with a DIY project or repair job around the house or yard.
- This drill features an LED light for improved visibility in dark places where the hand is done.
- You’ll always know how much charge is left on your battery thanks to the fuel gauge light on the side of this drill/driver, which also helps stop over-discharging and damaging your battery’s cells.
- The ergonomic handle design makes using this product comfortable even when working for long periods without breaks or gloves. This feature alone has made this product one of our top sellers!
- Bosch tools are built with quality materials, so they last longer than other cordless drills on the market.
- This cordless drill is less powerful if you compare it to other similar cordless drills, but it’s perfect for jobs around the house.
- If you’re looking to do anything more heavy-duty, like drilling through tougher materials, this might not be your best option at just 12 volts of power and a cordless design.
- To remove a battery from this drill, one will need both dexterity and an iron grip. The process is not for the faint of heart!
Key Features and Benefits
If you’re looking for a drill that is powerful, lightweight, and versatile to use in a variety of applications, then the PS31 cordless drill may be just what you are looking for.
The Bosch PS31 has been designed with power and versatility in mind.
This allows it to be used for drilling into wood and metal, making it an ideal choice for electricians or plumbers who need the ability to work on job sites where many different materials are being drilled through.
The PS31 offers a professional-quality performance of incredibly lightweight, making this one of the most convenient tools around when working overhead or otherwise needing portability because it can easily fit into tight spaces where larger drills would not go.
With its two speed settings and high torque levels, users will find everything they need from this tool.
If you are looking for the perfect drill, the PS31 Drill/Driver Combo is a great option.
It’s lightweight, compact, and has an ergonomic design that makes it easy to use.
Plus, it comes with two 12-volt Li-Ion batteries to provide increased runtime so you can work anywhere, anytime!
This combo includes a 2-speed (0-350 RPM and 0-1,300 RPM) electric drill driver with 20+1 clutch settings for precise torque adjustments.
You also get integrated LED lights for improved visibility in low light areas and dark corners.
#4. MAIBERG Cordless Drill Set Review
- 【Durable battery & world universal...
- 【2 variable speed & 18+1 torque...
- 【Lightweight & Max 250 In-lb high...
- 【Built-in led light & forward/reverse...
- 【Various accessories meet all your...
Style: 1 brush, hard paper box
Torque: 200 Inch Pounds
Type of Bulb: LED
- I have been using this MAIBERG Cordless Drill Driver Set for years, and it is still going strong. In the past, I had to buy a new drill every year or so because they were not very durable.
- The MAIBERG Cordless Drill Set has changed my life! It feels like a solid piece of machinery that will last forever.
- This cordless drill driver set comes with 18+1 torque settings, 1pcs 1.5 Ah long life Battery, World Universal Fast Charger, and 20 pcs accessories, which makes it possible to do almost any job in your home or office without having to purchase additional tools.
- Now I can fix things around the house instead of hiring someone else to do it for me!
- This drill is great for small projects and doesn’t have much power behind it.
- But if you’re looking to do bigger jobs, this might not be the best option as it struggles with longer screws that are tough on heaviest woods like VERAWOOD, Kingwood, pine, etc.
- When I first received my drill and tried to charge it, I was immediately put off by the battery. It seems like a weird design choice when you have to remove the battery just to plug in your charger!
- The included extras are a great bonus, and I have already put the wall anchors to use. Overall, this purchase is not disappointing but don’t expect all that much out of it either.
Key Features and Benefits
MAIBERG cordless drill driver is a high-quality product. It can be used for both professional and DIY projects, especially for the ones that require drilling through different materials such as wood or metal.
The model comes with two variable speed settings (0-350RPM, 0-1350RPM) and 18+1 torque settings which give you maximum control over your project to prevent stripping bits and drilling into wood or metal too deep.
This feature makes it an ideal choice for professionals who need to work on various tasks from time to time and suitable for beginners.
With this set of tools, you will have everything needed at hand – screwdrivers, drills, sockets, etc., so there’s no need to buy additional items to complete any job around the house or outside of it!
Thanks to its lightweight design and ergonomic handle with rubber grip, using this tool won’t be hard even after hours.
If you are looking for a drill that will last you for years, the MAIBERG Cordless Drill Driver Set is the perfect tool to have in your garage.
It’s lightweight (2.2lb), powerful, and has an LED light so you can see what you’re doing even when it’s dark out.
With 200 In-lb torque, this drill can get any job done with ease. You’ll never need another cordless drill again!
#5. SKIL PWRCore 12 Brushless Drill/Driver Review
- EVERYTHING YOU NEED TO GET STARTED -...
- LONGER RUN TIME & BATTERY LIFE -...
- CHARGES IN 5 MINUTES - PWR JUMP charges...
- POWER ON THE GO - Plug in to the...
- COMPACT SIZE - The digital brushless...
No-load speed: 0-450/0-1700 RPM
Torque Setting: 17+1
Chuck Size: ½ IN. Hybrid Chuck
Length: 7-1/8 IN.
- I have to say that this drill is for everyone. It’s an inexpensive and affordable tool, and it’s not heavy.
- If you do decide to buy the SKIL PWRCore 12 Drill Driver, it will change your life. This machine can handle any job with ease and never runs out of power!
- The SKIL PWRCore 12 Brushless motors 1/2 Inch Cordless Drill Driver comes with a 2. 0Ah Lithium Battery so that you can keep working without having to stop for long periods while recharging.
- It also has a fast charger so that you get back up and running in no time at all!
- Plus, there is an LED on the front of the driver, which makes seeing what you are doing easier than ever before!
- The SKIL PWRCore 12 Brushless motors Drill/Driver is the perfect tool for any job.
- It has 350 in-lbs of torque and can be used with all other SKIL cordless power tools, so you don’t have to worry about changing batteries or chargers.
- Plus, its lightweight and ergonomic design make it easy to use.
- The SKIL drill comes with 350 in-lbs of torque but can quickly drain the battery life.
- The chuck isn’t very reliable, and it is made from cheap parts, leading to a product that doesn’t last long at all!
- Skil has sacrificed standards to save on costs, which disappoints me since I enjoy using tools for many hours at home or my worksite, where any issue with them can be costly under time constraints.
Key Features and Benefits
The SKIL PWR CORE 12V 1/2 Inch Cordless Drill is perfect for working on wood, metal, plastic, or drywall at home or in the workshop.
The compact size makes it easy to handle when working in tight spaces like under cabinets, inside closets, and shelves. It’s great for hanging pictures, putting up shelves, or building birdhouses!
The high-performance motor delivers 1700 RPM no-load speed to drive screws into all types of materials, including wood, metal, and drywall, without stripping them out while staying cool during an extended period of your project.
After reviewing the top 5 best cheapest cordless drills, we’ve learned that they’re all great choices for various reasons.
We hope this information can help you make an informed decision on which cheap drill is right for your needs and budget!
If you have any questions about these cordless drills or would like to share thoughts with us in general, please comment below.
Thanks for reading!