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The Best Folding Treadmills For Under PS500 If you don't have the space for a treadmill, but you still want to get fit at home, a folding model might be the solution. These treadmills are priced less than PS500 and offer the same functionality of their larger fixed counterparts. Look for a motor with a high horsepower rating and a console with pre-set workouts. Some models also connect to apps that allow you to run in trails and cities or join a class in a studio. 1. Viavito L