Best Drill Press for the Money – Best Budget Drill Presses

It is very difficult for a homeowner and a professional to do some work without such useful equipment such a drill press. It is used in various manufacturing and repair areas for making and processing holes in the workpieces, as well as tapping.

To achieve high performance and convenience, it is important to make the right choice and buy a good drill press. We conducted a study and found the best drill presses for the money. With the help of them, you will be able to perform the necessary work.

Scroll down or click on the No.1 to discover the list of the best drill presses for the money:




Best Drill Press for the Money No.1: WEN 4208 – 8-Inch | For Budget: under $100

Best Drill Press for the Money No.1: WEN 4208 - Best Floor Drill Under 100 Dollars

WEN 4208 Rating: 8.6/10

Why it’s great: If you are looking for the best cheap drill press with a price of up to $100, then the best choice will be the WEN 4208. This drill press has 5-speed modes: 740, 1100, 1530, 2100, 3140 RPM, so you can choose the appropriate speed for better results.

The WEN 4208 has a reliable 1/3 HP motor that provides ample torque and power. The dimensions of this drill press are quite compact, so it does not take much space in your workshop. Also, WEN 4208 has Locking Depth Adjustment, Beveling Worktable, Onboard Key Storage. This is an excellent budget drill press that will serve you faithfully.

WEN 4208 current price, reviews and full specs:
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Best Drill Press for the Money No.2: SKIL 3320-01 10-Inch | For Budget: under $200

Best Drill Press for the Money No.2: SKIL 3320-01 10-Inch - For Budget: under 200 Dollars

SKIL 3320-01 Rating: 8.3/10

Why it’s great: Looking for the best drill press under $200? Then pay attention to the excellent drill press SKIL 3320-01. This drill press has 5 speeds with 570 – 3,050 RPM and an excellent 3.2-ampere motor. SKIL 3320-01 is highly accurate due to its good manufacturing quality and the availability of a laser beam for even greater accuracy.

The work surface tilts from zero to 45 degrees, which is another plus. It does not matter what material you are going to drill holes in, whether it is wood, metal or other material, with this drill press you can always count on accuracy.

SKIL 3320-01 current price, reviews and full specs:
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Best Drill Press for the Money No.3: WEN 4214 12-Inch | For Budget: under $300

Best Drill Press for the Money No.3: WEN 4214 12-Inch - Price category: under 300

WEN 4214 Rating: 8.8/10

Why it’s great: The WEN 4214 will be an excellent choice if you are looking for the best drill press under $300. Its main advantage, in contrast to the above-mentioned drill presses, is the presence of Infinitely variable speed ranges from 580-3200 RPMS. So, when you need the optimum speed for the most accurate work, you will always find the right speed.

The WEN 4214 has durable 2/3hp induction motor that develops ample torque and power. Also, 9-1/2 x 9-1/2″ cast iron worktable features rack and pinion height adjustment and bevels up to 45 Degree left and right. And to ensure that the accuracy of the work was of the highest quality, the WEN 4214 has an X-pattern laser locks-on to your drill points, saving on guesswork and sparing expensive materials.

WEN 4214 current price, reviews and full specs:
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Best Drill Press for the Money No.4: Shop Fox W1668 13-Inch | For Budget: under $500

Best Drill Press for the Money No.4: Shop Fox W1668 13-Inch - For Budget: under 500 Dollars

Shop Fox W1668 Rating: 8.6/10

Why it’s great: If you need a professional drill press for serious work, with a cost under $500, then the excellent choice will be the Shop Fox W1668. This drill press has 12 speeds and can be used as an oscillating sander that can be used for efficient contour sanding.

The table has a clearance hole for use while sanding. This clever design incorporates a dust collection port so your sanding jobs are less messy. With a 3/4-inch drilling capacity in steel, you’ll be able to tackle most any drilling job as well. It also has the ability to rotate the desktop to 90 degrees to the left and right, and still, you can change the height. Due to this, it is possible to achieve excellent angles while working with the workpiece.

Shop Fox W1668 current price, reviews and full specs:
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