5 Best Toasters Under $40 to Buy in 2026

Finding the best toaster under $40 can feel overwhelming with so many options available. Whether you’re dealing with unevenly toasted bread, struggling to fit bagels or artisan loaves, or simply looking for a compact and affordable appliance, the right toaster can make all the difference. For those on a budget, balancing performance, features, and durability is key to getting the most value.

Our guide simplifies the process by highlighting toasters that deliver consistent results without breaking the bank. From wide slots for larger bread to precise browning controls and specialized functions like defrost and bagel settings, these models cater to diverse needs. We’ve analyzed user reviews, ratings, and key features to bring you top picks that combine affordability with reliability. Keep reading to discover the best toaster under $40 that fits your lifestyle and kitchen space.

Our Top Picks

Preview Product Best Price Review
bella 2 Slice Slim Toaster bella 2 Slice Slim Toaster Best for Small Spaces View on Amazon Go to Reviews
Elite Gourmet 4 Slice Long Slot Toaster Elite Gourmet 4 Slice Long Slot Toaster Best Overall View on Amazon Go to Reviews
Toaster 2 Slice Wide Slot Digital Toaster 2 Slice Wide Slot Digital Best Budget Friendly View on Amazon Go to Reviews
BLACK+DECKER 2-Slice Toaster BLACK+DECKER 2-Slice Toaster Best for Bagels View on Amazon Go to Reviews
OVENTE 2 Slice Toaster Machine OVENTE 2 Slice Toaster Machine Best Compact Design View on Amazon Go to Reviews

Best Toaster Under $40 Review

Best for Small Spaces

bella 2 Slice Slim Toaster

bella 2 Slice Slim Toaster
Wattage
900 Watt
Slice Capacity
2 Slice
Shade Settings
6 Settings
Slot Length
10″ Long
Features
Auto Shutoff
Latest Price

ADVANTAGES

Very slim design
Long versatile slot
High-lift lever
Cord wrap
Reheat function

LIMITATIONS

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Only 2 slices maximum
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Limited shade options

The bella 2-Slice Slim Toaster is a game-changer for cramped kitchens, boasting an incredibly slender 3.58-inch profile. Its standout feature is the unique 10-inch long slot, capable of toasting two standard slices side-by-side or handling substantial artisan breads and baguettes in a single go. The high-lift lever is another practical touch, making it easy to grab smaller items without reaching into hot slots.

With 900 watts of power, this bella unit heats up quickly, offering six shade settings for customizable results. The long slot design, while great for specific bread types, means two standard slices share one heating element zone, which could potentially lead to slight variations compared to independent dual slots. The removable crumb tray and integrated cord wrap contribute to a tidy countertop.

Compared to standard 2-slice toasters like the Hamilton Beach, the bella sacrifices some traditional slot layout for its remarkable space-saving design. It’s significantly slimmer than the Elite Gourmet 4-slice model. This toaster is purpose-built for those prioritizing minimal footprint above all else, perfect for dorms, small apartments, or RVs. It offers a unique blend of compact size and versatile slot design not found in typical toasters.

Best Overall

Elite Gourmet 4 Slice Long Slot Toaster

Elite Gourmet 4 Slice Long Slot Toaster
Slots
4 slice
Slot Width
1.5″ wide
Slot Depth
5.1″ deep
Functions
Bagel, Defrost
Shade Settings
6 levels
Latest Price

ADVANTAGES

4-slice capacity
Extra-large deep slots
Bagel/Defrost/Reheat
Versatile bread fitting
Stainless steel finish

LIMITATIONS

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Larger countertop footprint
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Only 6 shade settings

For households that demand high capacity and flexibility, the Elite Gourmet ECT4123 is a compelling choice. Its two extra-large slots, measuring a generous 1.5 inches wide, 10 inches long, and 5.1 inches deep, are specifically designed to accommodate up to four standard slices or handle exceptionally thick bagels, artisan breads, and waffles with ease. Dedicated Bagel, Defrost, and Reheat functions provide convenient one-touch operation for common tasks.

This Elite Gourmet model offers six adjustable toasting levels, allowing users to achieve their desired browning from light to dark. The long slot design ensures even coverage for elongated bread types. While its larger capacity is a major advantage, the physical footprint is consequently bigger than a standard 2-slice unit like the BLACK+DECKER. The 4-slice capability makes it highly efficient for families or entertaining.

Positioned as a versatile, high-capacity workhorse, this toaster stands in contrast to smaller units like the Ovente or space-saving Bella Slim. It directly competes with standard 4-slice models but offers the long slot design for added versatility with specialty breads. It’s the ideal choice for users who frequently toast multiple items or large, irregular-shaped loaves. It provides significantly more capacity and bread flexibility than any 2-slice model.

Best Budget Friendly

Toaster 2 Slice Wide Slot Digital

Toaster 2 Slice Wide Slot Digital
Functions
Reheat\/Cancel\/Defrost\/Bagel
Slot Width
1.5 inches
Browning Control
9 levels
Display
LCD Countdown Timer
Crumb Tray
Removable slide-out
Latest Price

ADVANTAGES

Digital countdown timer
9 shade settings
Wide slots
Bagel/Defrost/Reheat
Cord storage

LIMITATIONS

×
Generic branding
×
Only 2 slices

Bringing a touch of modern convenience to the countertop, this 2-slice toaster stands out with its bright LCD digital countdown timer. This feature eliminates guesswork, letting you see exactly how much time remains until your toast is ready. The 1.5-inch extra-wide slots are well-equipped to handle bagels, thicker muffins, and Texas toast without jamming, catering to diverse breakfast needs.

Beyond the timer, this unit offers nine adjustable browning controls, providing a wider range of crispness options than many competitors. It includes essential functions like Bagel, Defrost, Reheat, and Cancel. Performance is generally reliable for a standard 2-slice unit, fitting standard slices centrally within the wide slots for potentially more even heating. The built-in cord storage helps keep counters neat.

Compared to traditional dial-based toasters like the Hamilton Beach or BLACK+DECKER, this model’s digital timer and nine shade settings offer enhanced precision and user experience. It provides more granular control than the 6-shade Ovente or Elite Gourmet. This toaster is best suited for users who appreciate modern features, precise control, and visual feedback on the toasting process, offering more tech-savvy features than most toasters in its class.

Best for Bagels

BLACK+DECKER 2-Slice Toaster

BLACK+DECKER 2-Slice Toaster
Wattage
850 Watts
Slice Capacity
2-Slice
Shade Settings
6 Settings
Slot Width
Extra Wide
Crumb Tray
Slide-Out
Latest Price

ADVANTAGES

Dedicated Bagel function
Frozen button
Extra-wide slots
Simple operation
850W power

LIMITATIONS

×
Only 6 shade settings
×
No high-lift lever

A straightforward and dependable option, the BLACK+DECKER T2569B focuses on core functionality, particularly excelling with specific presets. Its extra-wide slots are designed to accommodate thicker items like bagels and artisan bread slices without issues. The dedicated Bagel and Frozen buttons take the guesswork out of two common toasting tasks, automatically adjusting the cycle for optimal results.

Powered by 850 watts, this BLACK+DECKER model provides sufficient heat for quick toasting. It offers six shade settings via a simple dial, covering the basic range from light to dark. While it lacks a high-lift lever, the mechanism is standard for retrieving toast. The slide-out crumb tray is easily accessible for cleaning, helping maintain hygiene and prevent burnt smells.

Positioned as a reliable, no-nonsense appliance, this BLACK+DECKER is simpler than the feature-rich Toaster with its digital display or the versatile Elite Gourmet 4-slice unit. It’s comparable to the Hamilton Beach in capacity but emphasizes specific presets over a wide shade range or Toast Boost. It’s an excellent choice for users who primarily toast standard bread, bagels, or frozen items and value simplicity and dedicated function buttons over extensive customization options.

Best Compact Design

OVENTE 2 Slice Toaster Machine

OVENTE 2 Slice Toaster Machine
Power
700W
Shade Selector
6-Shade
Design
Compact
Crumb Tray
Removable
Certification
ETL Certified
Latest Price

ADVANTAGES

Extremely compact
Simple operation
Cord wrap
Easy crumb tray
ETL Certified

LIMITATIONS

×
Low 700W power
×
Only 6 shades
×
No dedicated functions

The OVENTE TP2210B is designed with extreme compactness and simplicity in mind, making it an ideal fit for spaces where every inch counts. Its minimalist design and lightweight build are perfect for dorm rooms, small apartments, or even taking on the go. The 2-slice capacity is standard for single users or couples, and the operation is refreshingly straightforward with a single dial for shade selection and cancellation.

Operating at 700 watts, this OVENTE toaster handles basic toasting tasks quickly enough for busy mornings. It offers six shade settings via the rotary dial, allowing for customization from lightly warmed to crispy. While it lacks dedicated buttons for Bagel or Defrost functions found on models like the BLACK+DECKER or Hamilton Beach, its core purpose is simple bread toasting. The removable crumb tray and cord wrap aid in keeping the area tidy.

As the most space-efficient and basic option in the lineup, the OVENTE stands apart from larger or more feature-laden models like the Elite Gourmet or the Toaster with its digital display. It’s even more compact than the Bella Slim, though less versatile with slot size. This unit is tailored for users who need a bare-bones, reliable toaster for standard bread slices and prioritize maximum counter space savings above all other features.

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Choosing the Right Toaster Under $40

Key Features to Consider

When selecting a toaster under $40, several features contribute to a satisfying toasting experience. Focusing on these will help you find the best option for your needs.

1. Slot Size & Bread Capacity: This is a primary consideration. Do you primarily toast standard bread slices, or do you frequently enjoy bagels, Texas toast, or artisan breads? Wider, longer slots (like those found in the Elite Gourmet or Toaster 2 Slice Digital) accommodate larger items without requiring you to awkwardly cut or squeeze them in. A 4-slice toaster offers higher capacity but takes up more counter space, while 2-slice models (like the Bella and BLACK+DECKER) are better for individuals or smaller households.

2. Browning Control & Toast Settings: Everyone has a preferred level of toastiness. Toasters with multiple browning settings (6-9 levels are common) allow you to dial in your ideal shade, from lightly golden to dark and crispy. Digital toasters (like the Toaster 2 Slice Digital) often provide more precise control and visual feedback with a countdown timer. The ability to consistently achieve your desired result is a key benefit.

3. Specialized Functions: Beyond basic toasting, certain features enhance convenience. Bagel settings (found in the BLACK+DECKER and Elite Gourmet) toast the cut side of a bagel while warming the rounded side. Defrost functions (Elite Gourmet, Toaster 2 Slice Digital) are essential for toasting frozen bread directly. Reheat functions (Elite Gourmet, Toaster 2 Slice Digital) warm previously toasted bread without further browning. These functions add versatility.

Other Important Features

  • Crumb Tray: A removable crumb tray (Bella, BLACK+DECKER, OVENTE, Toaster 2 Slice Digital) is crucial for easy cleanup and prevents burnt crumbs from accumulating.
  • Cord Storage: Models like the OVENTE and Toaster 2 Slice Digital offer built-in cord storage to maintain a tidy countertop.
  • Compact Design: If counter space is limited, consider a slim toaster like the Bella or the OVENTE.
  • High-Lift Lever: This feature (Bella) makes it easier to retrieve smaller items like English muffins.
  • Wattage: Higher wattage (850W in the BLACK+DECKER) generally means faster toasting.

Toaster Comparison (Under $40)

Product Price Slots Bagel Setting Defrost Function Crumb Tray Special Features
bella 2 Slice Slim Toaster N/A 2 (Long Slot) No No Yes Slim Design, High-Lift Lever, Cord Wrap
Elite Gourmet 4 Slice Long Slot Toaster N/A 4 (Long Slot) Yes Yes N/A Reheat, True Bagel Function
Toaster 2 Slice Wide Slot Digital N/A 2 (Wide Slot) Yes Yes Yes Digital Countdown Timer, 9 Browning Control
BLACK+DECKER 2-Slice Toaster N/A 2 (Wide Slot) Yes Yes Yes Frozen Setting, Extra-Wide Slots
OVENTE 2 Slice Toaster Machine N/A 2 No No Yes Compact Design, Cord Wrap, Customizable Shade

Data-Driven Toaster Analysis & Performance

Evaluating the best toaster under $40 requires analyzing user reviews and comparative data, rather than physical testing. We focused on aggregate ratings across major retail platforms (Amazon, Walmart, Target) for models like the BLACK+DECKER, Bella, Elite Gourmet, and OVENTE, prioritizing toasters with 4-star average ratings or higher and a substantial number of reviews (over 500) to minimize bias.

Our analysis considered feature correlations. For example, toasters with digital displays and precise browning controls (like the Toaster 2 Slice Digital) consistently receive higher ratings for even toasting. We also examined reported failure rates through customer feedback, noting that consistent complaints about short lifespans or uneven heating were disqualifying factors.

Specifically, we cross-referenced features highlighted in the buying guide – slot size, browning control, and specialized functions – with user satisfaction data. The presence of a bagel setting and defrost function correlated with positive reviews, particularly for users who frequently toast these items. Price fluctuations were tracked to ensure recommendations consistently fall within the target budget, and entity recognition was used to categorize features and reported issues.

FAQs

What should I look for in a toaster under $40?

When choosing a toaster under $40, prioritize features like slot size to accommodate your preferred bread types, multiple browning settings for consistent results, and a removable crumb tray for easy cleaning. Specialized functions like bagel settings or defrost options are bonuses.

Are 2-slice or 4-slice toasters better?

The best choice depends on your household size and needs. A 2-slice toaster is ideal for individuals or couples, while a 4-slice model is better for families or those who frequently toast for multiple people.

How important is a defrost function on a toaster?

A defrost function is very useful if you often toast frozen bread, bagels, or waffles. It allows you to toast these items directly from frozen without burning them, saving you time and effort.

What does “browning control” mean on a toaster?

Browning control refers to the number of settings a toaster has to adjust the darkness of the toast. More settings (6-9 is common) give you greater precision in achieving your preferred level of toastiness – from lightly golden to dark and crispy.

The Bottom Line

Finding the best toaster under $40 doesn’t mean sacrificing functionality. Models like the BLACK+DECKER and Elite Gourmet offer a compelling blend of essential features – wide slots, multiple browning settings, and convenient extras like bagel functions – ensuring reliably toasted bread every time.

Ultimately, the ideal choice depends on your specific needs. Consider your typical toasting habits and prioritize features like defrost settings or a compact design to elevate your breakfast routine without breaking the bank.

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