Top 5 Cheapest Toaster Ovens: Budget Buys Reviewed

Ever wished you could bake, toast, and broil without heating up your whole kitchen? A toaster oven seems like the perfect solution! These compact countertop helpers save energy and time. But then you look at the price tags, and suddenly, finding a “cheap” one feels like a treasure hunt where everything costs too much.

It’s frustrating when you need a budget-friendly appliance but worry that the cheapest option will break quickly or just burn your toast. You want value, not just a low price. Knowing which affordable models actually work well can feel impossible with all the confusing reviews out there.

Don’t worry! We dug deep to find the best budget-friendly toaster ovens that still deliver great performance. By reading on, you will discover top-rated, inexpensive models that fit your kitchen and your wallet. Get ready to find your perfect, affordable countertop companion!

Top Cheapest Toaster Oven Recommendations

No. 1
Elite Gourmet ETO236 Personal Compact 2 Slice Countertop Toaster Oven with 15 Minute Timer & Adjustable Temperature, Bake, Broil, & Toast, Black
  • COMPACT & SPACE SAVING: Versatile compact design fits nicely in small spaces when counter space is limited.
  • ADJUSTABLE TIMER: The 15 min timer is perfect for toasting and warming up food for a quick and easy snack or breakfast.
  • ADJUSTABLE TEMPERATURE CONTROLS: Adjust your oven controls between 200F-450F degrees for toasting, warming or baking.
  • 650 WATTS OF POWER: Built-in temperature thermostat maintains even cooking heat to keep food warm, bake or toast.
  • ACCESSORIES INCLUDED - Includes a non-stick back pan and wire rack that easily slides in and out of the rack position to suit a variety of foods.
No. 2
BLACK+DECKER TO1313SBD Toaster Oven, 15.47 Inch, Silver
  • ACCOMMODATES 9-INCH PIZZA OR 4 SLICES OF BREAD – Designed to maximize utility within a compact footprint, the curved interior fits a 9-inch pizza or 4 slices of bread. Place items evenly for best results when toasting, baking, or reheating.
  • FOUR VERSATILE COOKING FUNCTIONS – Select from baking, broiling, toasting, or keeping food warm. Natural convection airflow circulates heat throughout the oven—preheat for 10 minutes to ensure consistent cooking and crisp results.
  • PRECISION 30-MINUTE TIMER WITH STAY-ON OPTION – The 30-minute timer includes clearly marked toast settings and a stay-on function. Oven will not operate unless timer is set or stay-on is selected, ensuring controlled and safe operation.
  • CONVENIENT REMOVABLE CRUMB TRAY – The slide-out crumb tray allows for quick, hygienic cleanup. To prevent spills and overheating, keep food and bakeware at least 1½ inches from the top heating elements and fully contained within the tray.
  • COMPACT AND CONTEMPORARY DESIGN – Measuring 14.5" x 10.8" x 8.8", this sleek stainless steel toaster oven complements any kitchen. Outer surfaces become hot during use—always use oven mitts and allow space for proper ventilation.
No. 3
BLACK+DECKER Crisp 'N Bake Air Fry Countertop Convection Toaster Oven, Medium Capacity, 4-Slice, 5-in-1, Fits 9” Pizza, 30-Min Timer, Bake, Broil, Air Fry, Toast, Keep Warm, Stainless Steel
  • 5-IN–1 MULTIFUNCTIONAL COOKING- Enjoy versatile cooking with Air Fry, Bake, Broil, Toast, and Keep Warm settings. Perfect for preparing a wide variety of meals from crispy fries to perfectly baked pizzas and golden toast.
  • HEALTHY AIR FRYING TECHNOLOGY – Cook crispy, delicious meals with little to no oil using advanced air frying technology. Enjoy healthier alternatives to your favorite fried foods without compromising taste or texture.
  • EVENTOAST TECHNOLOGY FOR PERFECT TOAST – Achieve evenly toasted bread, bagels, and more with BLACK+DECKER’s EvenToast technology, ensuring consistent results every time with no hot spots.
  • COMPACT YET SPACIOUS INTERIOR – Fits up to a 9-inch pizza or 4 slices of bread, making it ideal for quick family meals, snacks, or small batch cooking while saving valuable counter space.
  • USER-FRIENDLY CONTROLS & 7 ACCESSORIES – 30-minute timer with removable crumb/drip tray, bake pan, air fry mesh tray, and wire rack for easy cleanup. Use drip tray when cooking and keep food clear of heating element. See User Manual for proper use.
No. 4
Elite Gourmet ETO490 9L/4 Slice Countertop Toaster Oven with 30-Minute Timer, Adjustable Temperature Control, Includes Baking Pan and Wire Rack, Bake, Broil, Toast, Black
  • COMPACT & VERSATILE: Compact design fits nicely in smaller spaces & also provides the power needed to cook many types of foods.
  • ADJUSTABLE TIMER: The 30-min timer is perfect for all your baking, roasting and toasting needs as well as warming up a quick and easy snack.
  • ADJUSTABLE TEMPERATURE CONTROL: Adjust your oven controls between 200F-450F degrees for toasting, baking, roasting & warming.
  • 800 WATTS OF POWER: Built-in thermostat maintains consistent heating for even cooking and perfect results when baking, roasting, toasting or keeping foods warm.
  • ACCESSORIES INCLUDED - Includes an easy to clean baking pan and a wire rack that easily slide in and out of the two-rack positions to accommodate a variety of foods.
No. 5
Dash Mini Toaster Oven | Small Toaster Oven for Dorms, Apartments, & Small Kitchens, Adjustable Timer Dial with Auto Shutoff, Removable Cooking Tray & Crumb Catch, Aqua
  • Small But Mighty Mini Oven: This compact countertop oven is built for toasting bagels, warming snacks, making mini pizzas, and more; easy to use and toasts in a dash Small But Mighty Mini Oven: This compact countertop oven is built for toasting bagels, warming snacks, making mini pizzas, and more; easy to use and toasts in a dash
  • 15-minute Adjustable Timer: This Mini Toaster Oven makes toasting simple; just set the timer, the Indicator Light illuminates while toasting, and Auto Shutoff lets you set it and forget it
  • Crumbs Handled: The Removable Cooking Tray and slide-out Crumb Catch make cleanup quick — just hand wash with warm soapy water, and this small toaster oven is ready to go again
  • Small Size, Big Style: This space-saving countertop toaster oven is stylish and available in fun colors to match your vibe; the clear-view door lets you check on food while it toasts
  • Dorm Room Approved: Lightweight and compact, this portable oven is the perfect small kitchen appliance for college dorms, apartments, RVs, and tiny kitchens — big flavor in a fraction of the footprint
No. 6
Hamilton Beach Sure-Crisp Air Fryer Toaster Oven Combo, Fits 9” Pizza, 4 Slice Capacity, Powerful Circulation, Auto Shutoff, Stainless Steel (31403)
  • POWERFUL AIR CIRCULATION FOR EVENLY BROWNED FOOD WITH LITTLE TO NO OIL: This Hamilton Beach air fryer toaster oven's convection function circulates air around food as it cooks making crispy and delicious fries, chicken, steaks, fish and vegetables.
  • AIR FRYER OVEN COMBO WITH 4 VERSATILE COOKING OPTIONS: Enjoy the convenience of a toaster oven and the crispy deliciousness of an air fryer in one compact appliance; this versatile combo offers the functions you love—toast, bake, air fry, and broil.
  • 4 SLICE CAPACITY PROVIDES PLENTY OF COOKING SPACE: This air fryer toaster oven combo has room for everything you cook, from 4 slices of toast to a 9" pizza, a 3 lb. chicken in an 8" x 8" pan or a 9" x 5" loaf pan.
  • INCLUDES METAL AIR-FRY BASKET, BAKE PAN AND BROIL RACK. The air fryer and toaster oven combo comes with all the accessories you need to air fry, bake, broil, and toast, plus a slide-out crumb tray.
  • EXCELLENT COOKING AND TOASTING PERFORMANCE: Quality heating elements in the Hamilton Beach toaster oven provide precise, accurate temperatures from 200° to 450°F and even cooking without hot spots.
No. 7
BLACK+DECKER 4-Slice Toaster Oven with Natural Convection, Stainless Steel, TO1760SS (TO1760SST-1)
  • Four Cooking Functions: Choose from convection bake, broil, toast, and keep warm
  • Compact Size: Easily fit a 9" pizza, four slices of bread, or a variety of other snacks and meals; Wattage:1150W
  • 30-Minute Timer: The precise cooking timer features a stay-on function for longer baking tasks
  • Included Rack and Pan: The included rack and bake pan fit perfectly in the toaster oven
  • Natural Convection Technology - The interior is designed to circulate hot air throughout the oven for fast, even results.
No. 8
Hamilton Beach Versatile 2-in-1 Countertop Toaster Oven & Long Slot 2 Slice Toaster for Toasting & Baking, Automatic Shut Off, Shade Selector, Temperature Control, Compact Retro Design, Black (22725)
  • MORE COOKING VERSATILITY, LESS SPACE: Switch from the 2 slice toaster to toaster oven for 2-in-1 cooking versatility. Perfect for cooking meals, baking appetizers, pizza, chicken nuggets and fries, or reheating leftovers.
  • TOAST SLOT FOR FASTER, MORE EVEN TOASTING: The toast slot on the toaster oven combo is designed for faster, more even toasting.* Bread comes out consistently browned on both sides.
  • CUSTOMIZE YOUR TOAST SHADE: Choose how light or dark you want your toast made in the Hamilton Beach Toastation with the shade selector with 7 options.
  • EXTRA-WIDE, EXTRA-LONG TOP TOAST SLOT: The extra-wide, extra-long slot on the oven toaster combo easily fits thick bagels and artisan breads and is also great for browning English muffins or waffles. It can toast a bagel or 2 slices of bread at once.
  • ACCESSORIES INCLUDED: Get cooking right away with the included baking pan and oven rack. The slide-out crumb tray on the countertop oven is easy to empty and helps keep countertops tidy.

The Ultimate Buying Guide for the Cheapest Toaster Oven

Finding the best budget toaster oven does not mean you have to settle for a bad one. You want a toaster oven that cooks your food well without emptying your wallet. This guide helps you pick a great, cheap toaster oven.

Key Features to Look For

Even the cheapest toaster ovens offer important functions. Look closely at these features before you buy:

Capacity and Size
  • Small Footprint: If your kitchen counter space is tight, look for compact models. These usually fit four slices of toast.
  • Medium Size: Most budget ovens handle a 9-inch pizza or four to six slices of bread. This size works for small families.
Basic Functions

The best cheap ovens have the essential settings:

  • Toast: Check for consistent browning.
  • Bake: This lets you cook small meals, like frozen nuggets or cookies.
  • Broil: Great for melting cheese quickly on sandwiches.
Controls

Simple knobs are common on cheap models. Make sure the dials are easy to read and turn. Digital controls are nice, but they cost more.

Important Materials and Build Quality

The materials used affect how long your toaster oven lasts and how safely it cooks.

Exterior Casing

Most affordable units use stainless steel or painted metal for the outside. Stainless steel cleans up easier and looks better. Thin metal might get very hot on the outside, so be careful around it.

Interior Lining

Look inside. A non-stick interior helps you wipe up spills easily. If the inside is just plain metal, cleaning stuck-on cheese can be tough.

Accessories

Your oven should come with a baking tray and a wire rack. Make sure the tray slides in and out smoothly. A crumb tray at the bottom is a must-have. This tray catches crumbs, making cleanup much faster.

Factors That Improve or Reduce Quality

What makes a cheap toaster oven better than the absolute cheapest one?

Quality Boosters

  • Temperature Accuracy: Better (though still cheap) models keep the temperature closer to what you set. Cheap ones can run too hot or too cold.
  • Timer Precision: A good timer stops heating exactly when you set it. Poor timers might burn your toast because they run long.

Quality Reducers (Things to Watch Out For)

  • Thin Glass Door: Very thin glass doors can crack or fail to seal properly, letting heat escape.
  • Weak Heating Elements: If the heating coils look very thin, they might burn out quickly.

User Experience and Use Cases

Think about how you will use the oven every day. This affects which cheap model you should choose.

The Daily User (Toast and Snacks)

If you mostly toast bread, reheat pizza slices, or cook frozen snacks, a small, simple model works perfectly. Focus on fast preheat times.

The Beginner Cook (Small Meals)

If you plan to bake small batches of cookies or roast vegetables, you need a model with decent temperature control. Look for one that fits a small 8×8 baking dish.

Safety First

Because cheap ovens sometimes lack good insulation, the outside gets very hot. Always place your toaster oven on a heat-safe surface. Keep flammable items far away from the sides and top.


10 FAQs About Buying the Cheapest Toaster Oven

Q: What is the smallest size I can expect?

A: The smallest usable toaster ovens usually hold four slices of bread or a small 7-inch personal pizza.

Q: Do cheap toaster ovens use a lot of electricity?

A: They generally use less electricity than a full-sized oven because they are smaller and heat up faster. They are efficient for small jobs.

Q: Are temperature settings on cheap models reliable?

A: Reliability varies. You must test the temperature with an oven thermometer. Many cheap models run 25 to 50 degrees higher than set.

Q: What is the most common complaint about budget toaster ovens?

A: The most common complaint is uneven toasting—one side of the bread burns while the other stays light.

Q: Should I look for a convection setting on a cheap oven?

A: Convection (a fan that circulates air) is rare in the absolute cheapest models. If you find one, it is a bonus, but not necessary for basic use.

Q: How do I clean a toaster oven without a non-stick interior?

A: You must use baking soda paste and hot water. Let it soak, and then gently scrub the interior walls and elements.

Q: What does the “stay on” feature mean?

A: Some models have a setting that keeps the oven running until you manually turn the timer off. This is useful for long baking jobs.

Q: Is stainless steel always better than painted metal?

A: Stainless steel resists rust better and looks newer longer. Painted metal is often cheaper but can scratch or chip easily.

Q: How long should a cheap toaster oven last?

A: With regular use (a few times a week), a well-made budget model should last two to four years before the heating elements start failing.

Q: Can I cook raw meat in a toaster oven?

A: Yes, you can cook small cuts of meat, like chicken breasts or fish fillets, provided the oven reaches the correct internal temperature to kill germs.