Best Cordless Drill Under $150 – Updated for 2023

best cordless drill under $150

We get it. You’re on a budget, and you want the best cordless drill under $150 to make the most of your money. There are a ton of options out there. We know what it’s like to stand in front of a dozen options at the local hardware store and wonder what’s the best choice. So we put ourselves in your shoes and came up with a cordless drill buying guide that should give you a Pro perspective on what to buy.


Best Cordless Drill Under $150 for Pros

Ridgid R87012 Brushless Subcompact Drill

Ridgid R87012K Brushless Subcompact Drill

Our overall top pick goes to the Ridgid R87012 Brushless Subcompact Drill. Falling just under the $150 price limit, this subcompact kit has some serious best bang for the buck. It drives fasteners or drills holes at speeds up to 1750 RPM. With as much as 500 in-lbs of torque, it should power through most tasks. It also sports a brushless motor and includes the Ridgid Lifetime Service Agreement. Plus, at just $149 for the kit, you can afford to spend some money on accessories.

HIghlights

  • Brushless motor
  • Hammer drill mode for light masonry work with Excellent BPM rating
  • Outstanding battery capacity with (2) 2.0 amp hour batteries included
  • Excellent torque and Outstanding speed for this class
  • Lifetime Service Agreement

Ridgid R87012K Brushless Subcompact Drill Specs

  • Model: Ridgid R87012
  • Voltage: 18V
  • Torque: 500 in-lbs.
  • Max Speed: 450/1,750 RPM
  • Speeds: 2
  • Included Battery: (2) 2.0 Ah
  • Warranty: Lifetime Service Agreement
  • Price: $99 at The Home Depot

Best Cordless Drill Under $150 to Make You Switch Brands

Milwaukee 2801-22CT M18 Drill Driver

Best Milwaukee 2801-22 M18 drill under 150

If you’re looking for a cordless drill kit as a jumping-off point to a new battery platform, you have some options. We like the Milwaukee 2801-22 compact drill at $149. The Milwaukee 2802 hammer drill is similar. Either kit includes a pair of compact CP2.0 Ah batteries.

Milwaukee Tool has a very deep product line on their M18 (18V) platform and typically matches up well against other brands. This remains a solid choice for any entry-level Pro looking to convince themselves to switch to a new manufacturer’s platform.

Highlights

  • Excellent ergonomics
  • Good speed and torque
  • Outstanding line of compatible M18 tools
  • Compact batteries included
  • 5-year warranty

Milwaukee M18 Compact Drill Specs

  • Model: Milwaukee 2801-22
  • Voltage: 18V
  • Torque: 500 in-lbs.
  • Max Speed: 1800 RPM
  • Speeds: 2
  • Included Battery: 2 x CP2.0 Ah
  • Warranty: 5 years
  • Price: $149

Best Cordless Drill Under $150 for the Serious DIYer

Skil PWR Core 20V Brushless Hammer Drill

Skil 20V Cordless Compact Drll and Hammer Drill Review

If you’re a serious DIYer, take a good look at the Skil PWR Core 20V Brushless Hammer Drill. Priced around $129 for the kit, it features a brushless motor, hammer drill mode, and a 2.0 amp-hour battery. Skil boasts excellent torque in this price class at 450 inch-pounds to go with its 1,800 RPM no-load speed. This cordless drill has the ability to cross over into professional use—particularly for maintenance and repair crews. You’ll also love that the 20V PWR Core batteries include a USB-A port for quick smartphone charging on the go.

Highlights

  • Good speed and torque
  • Excellent depth in line
  • Hammer drill mode for light masonry work
  • Brushless motor
  • 2.0 Ah battery with USB-A port

Skil PWR Core 20V Brushless Hammer Drill Specs

  • Model: Skil HD6294B-10
  • Voltage: 20V
  • Torque: 450 in-lbs.
  • Max Speed: 1,800 RPM
  • Hammer Rate: 27,000 BPM
  • Speeds: 2
  • Included Battery: 2.0 Ah
  • Warranty: 5-years
  • Price: $129

Best Cordless Drill Value Under $150

Kobalt 24V KDD 2024A-03 Brushless Drill

Kobalt XTR Hammer Drill
We tested the hammer drill version of this tool and found it to be an excellent value. The KXDD 1424A-03 model provides the same power without the hammer drilling mechanism.

The best value goes to the update to the Kobalt 24V brushless hammer drill we reviewed in 2022. Kobalt stepped up this model to now include 850 in-lbs of torque and 2000 RPM. The batteries driving these tools get to 24 volts by adding an extra cell in series. That means each pack runs on rows of six cells instead of five. This is very similar to Hilti Nuron 22V battery packs. Far from gimmicky, it produces real performance benefits. Power is delivered by a 2.0 amp-hour battery, and with a price of $139, you really get a ton of value. The fit, finish, and ergonomics of this drill are also solid—very comparable to other Pro brands.

Highlights

  • Excellent speed and TONS of torque
  • Very good ergonomics
  • Brushless motor
  • 5-year warranty

Kobalt 24V Max Brushless Drill Specs

  • Model: Kobalt KDD 2024A-03
  • Voltage: 24V Max
  • Torque: 850 in-lbs.
  • Max Speed: 2000 RPM
  • Speeds: 2
  • Included battery: (1) 2.0 Ah
  • Warranty: 5 years
  • Price: $139

Why $150?

The $150 mark puts you into a different class of cordless drills. Almost all the major professional brands have a kit in this price range and some of them even get into brushless motors. Here you’ll find entry-level Pro performance along with the minimum features that you should expect from a Pro level tool.


When you drop below $100, for example, you really end up with a select group of 12V tools and some (typically) sub-par brushed drills. All that goes out the window when it comes to year-end or holiday sales. You always want to look out for tool deals. Still, this list covers typical or expected pricing.

What are the Criteria?

We took a look at various retailers to see what the best cordless drill kit each major manufacturer has to offer under $150. And it had to be a kit. A cordless tool is no good without and battery and charger.  Several of these companies have multiple options that meet the price point, but we were looking for the best performance specs and features you can get for your money.

We didn’t include 12V tools for this group even though there are some great options available. Some even have performance that gets near this higher voltage group. In the end, however, they really need to be considered in a group of their own. So keep your eyes open for the 12V buying guide!

Rating Key

  • Outstanding – best in this class
  • Excellent – not the top, but close
  • Very Good – solid, nothing to be ashamed of here
  • Good – It’ll work, but we wouldn’t want to go any lower

Disagree With Our Choices?

That’s okay! We know personal preferences take a front seat in determining the best cordless drill under $150, and every trade is different. Do Pro Tool Nation a favor and tell us what your top pick is and why you love it. Feel free to put it in the comments below or on Facebook, Instagram, and Twitter!

Why Pro Tool Reviews is a Reliable Source

At Pro Tool Reviews, we have our finger on the pulse of the tool industry. We’re constantly keeping up with the latest press releases and researching the newest tools. The most relevant tools for our Pro audience make it into our editorial calendar for review. We do hands-on evaluations of more than 500 tools each year. We run hundreds more through our head-to-head tool reviews. Lastly, we get our hands on hundreds of additional tools at media events and trade shows throughout the country and internationally. With a team of Pro reviewers across every major trade involved in the construction process, you’re sure to get an expert opinion every time.

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