Masterbuilt is one of the best brands to produce the best electric smokers that are not only affordable but they also work great. This is the major reason why we take masterbuilt as our top-pick. Masterbuilt MB20071117 digital electric smoker is one of the best electric smokers under 500, as it does not place pressure on your pocket as well as it works great. A person is going to love it because of its digital panel control, one can easily control the temperature and power on and power off of the electric smoker by using this digital panel.