Best Cordless Drill Under $150 | Updated for 2021

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 R8701K Brushless Subcompact Drill

Our overall top pick goes to the Ridgid R8701K Brushless Subcompact Drill. Falling under the $100 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 425 inch-pounds of torque, it should power through most tasks. It also sports a brushless motor and includes the Ridgid Lifetime Service Agreement. Plus, at just $99 for the kit, you’ll still have $51 to spend on the accessories you need!

Ridgid R8701K subcompact drill


  • Brushless motor
  • Hammer drill mode for light masonry work with Excellent BPM rating
  • Outstanding battery capacity with (2) 2.0 amp hour batteries included
  • Micro Clutch with more than 100 settings
  • Excellent torque and Outstanding speed for this class
  • Lifetime Service Agreement


  • 18V product line is Good, but isn’t as deep as others

Ridgid R8701K Brushless Subcompact Drill Specs

  • Model: Ridgid R8701K
  • Voltage: 18V
  • Torque: 425 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 Jump Into a New Battery Platform

Milwaukee 2606-21P Compact Drill

Milwaukee 2606-21P compact drill

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 2606-21P compact drill at $99. The Milwaukee 2606 compact drill has some decent torque and comes with a compact battery.

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.


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


  • Better speed and torque available in this class
  • You can get a drill with hammer mode at the same price
  • No brushless motor

Milwaukee M18 Compact Drill Specs

  • Model: Milwaukee 2606-21P
  • Voltage: 18V
  • Torque: 500 in-lbs.
  • Max Speed: 1800 RPM
  • Speeds: 2
  • Included Battery: 1.5 Ah
  • Warranty: 5 years
  • Price: $99

Best Cordless Drill Under $150 for the Serious DIYer

Ryobi ONE+ HP Compact Hammer Drill

Ryobi PSBHM01K HP 18V Compact Drill

If you’re a serious DIYer, take a good look at the Ryobi PSBHM01K ONE+ HP Brushless Hammer Drill Kit. It’s at the top of your price range for $149 but features a brushless motor, hammer drill mode, and a 1.5 amp-hour battery. Ryobi boasts excellent torque in this price class at 400 inch-pounds to go with its 1,700 RPM no-load speed. This cordless drill has the ability to cross over into professional use—particularly for maintenance and repair crews. You’ll likely notice the HP line brings with it improved ergonomics over prior Ryobi drills.


  • Good speed and torque
  • Excellent depth in line of compatible ONE+ 18V tools
  • Hammer drill mode for light masonry work with Good BPM rating
  • Brushless motor
  • Compact 1.5 Ah battery


  • Better speed available in this class
  • Not a ton of battery capacity

Ryobi ONE+ HP 18V Compact Drill Specs

  • Model: Ryobi PSBHM01K
  • Voltage: 18V
  • Torque: 400 in-lbs.
  • Max Speed: 1,700 RPM
  • Hammer Rate: 27,200 BPM
  • Speeds: 2
  • Included Battery: 1.5 Ah
  • Warranty: 3 years
  • Price: $99

Best Cordless Drill Value Under $150

Kobalt 24V XTR 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 Kobalt 24V XTR brushless drill (we reviewed the hammer drill). Kobalt jumped up to 24 volts by adding an extra cell in its battery pack so that it runs on six cells instead of five. This is very similar to Hilti 22V battery packs. This may sound gimmicky, but there are real performance benefits here that we found in our testing. You get plenty of power with 1,200 inch-pounds of torque and 2000 RPM speed. Power is delivered by a 4.0 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.


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


  • Yeah…we got nothing.

Kobalt 24V Max Brushless Drill Specs

  • Model: Kobalt KXDD 1424A-03
  • Voltage: 24V Max
  • Torque: 1,200 in-lbs.
  • Max Speed: 2000 RPM
  • Speeds: 2
  • Included battery: (1) 4.0 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.

What’s 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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As of right now the Ryobi hammer drill also comes with one extra tool i.e. a brushless circular or reciprocating saw for free.

Mike Zee

Love my Black & Decker!

More posts on please who agrees?

Kevin Mahoney

I realize this article is six months old, but have prices gone up that drastically? After reading this article, I decided to take a look at the 24V Kobalt. This article states it sells for $119, but I couldn’t find it on Lowe’s web site for any less than $179. Is this the same drill?

Kevin Smith

Well! I agree, all of the are good! Very good product. I like it! It stacks up with the industry’s leading models. Ok.

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