Are you looking for a tool with which you can make large holes on your workpiece easily? Want a machine that can precisely create cylindrical holes?

Are you looking for a device through which you can do drilling, tapping, reaming, counterboring, and countersinking?

Well, you are most likely looking for a drill press. Drill presses make the process of making holes more accessible and convenient. It will offer you an unmatching combination of power, stability, and accuracy.

Now, if getting the best drill press under 300 was your main goal, then you have stumbled upon the right source.

We will guide you through, and hopefully, you will be able to pick the one that suits your workload the most in the end.

Top 10 Drill Press Under $300 – Comparison 2020

Last update on 2020-05-24 / Affiliate links / Images from Amazon Product Advertising API

10 Best Drill Press Under $300 – Review 2020

Best Drill Press Under $300

You will find a plethora of units from different manufacturers if you decide to go out in the market right now.

But not all of them are going to offer you the best bang for the buck. We have sourced the ones that do and have huddled into a list for your convenience. They are:

WEN 4208 8 Inch 5-Speed

WEN 4208 8 Inch 5-Speed

Not all the drill press machines have to be large and have to take most of the space on your workbench.

There are many compact options out there that are extremely powerful. This unit from WEN is the perfect example of that.

The overall height of the entire unit is just at 23-1/8 inches. It sports a table that has dimensions of 6-1/2 x 6-1/2 inches, which is large enough for most of the drilling tasks.

From these numbers, you can have a clear idea of how compact this unit actually is.
It is also extremely powerful.

As the unit comes featured with a robust induction 1/3 HP motor, you can easily put up to half-inch hole in dense materials such as cast iron.

The motor features an innovative ball bearing design, which extends the overall lifespan. This design also aids in providing a smooth and uninterrupted performance despite the workload.

You can precisely control the overall speed of the drill. By adjusting the spindles, you can switch between 740, 1100, 1530, 2100, and final, 3140 RPM. With this, you can finely tune the hole that you are making.

It also features a depth adjustment locking mechanism. You can adjust the knobs and limit the spindle travel distance to get precise and accurate drilling operations.

It has a half-inch JT33 spindle taper keyed chuck. To make sure you do not lose the key, it features storage for the key on the side of the body.

Besides that, it also features a beveling work table. You can adjust it to 45 degrees in any direction to get a precise drilling experience.

The base of the unit is of cast iron that hefty enough to prevent wobbling during operation.

PROS

  • Powerful 1/3 HP induction motor
  • Adjustable worktable
  • Cast iron base to offer adequate stability
  • Adjustable operational speed
  • Depth adjustment locking mechanism

CONS

  • The springs that raise the unit is not that durable
  • Body is prone to rust

WEN 4214 12-Inch Variable Speed

WEN 4214 12-Inch Variable Speed

If you are looking for a drill press that comes with features that will guide you in getting precise cuts in your workpiece, then this unit from WEN is the perfect one for you.

We use a drill press to get precise control over the cutouts. In this unit, that control is enhanced further with the inclusion of a precision laser light.

This light will point at the exact location where the drill bit will go through. It will ensure that you get precise cuts every time.

The unit comes featured with a powerful induction motor. It has a rating of 5 Amps, and you will be able to drill through any surface at ease.

Besides that, this device has a variable speed knob that will let you adjust the rotation of the drill from between 580 to 3200 RPM. With the digital LED screen on the front, you will able to see the exact speed of the unit.

It also features a work light that will increase visibility and eventually help in enhancing precision by illuminating your workpiece.Getting precise cuts has never been this easier.

The unit comes packed with a 5/8 inch keyed MT2 spindle taper chuck. It will accept any bits that are within the 5/8 inch diameter. This chuck makes this drill press extremely versatile.

It also features an adjustable depth gauge that will let you limit the spindle travel according to your preferred distance.

Besides that, you can also adjust the work table. It can be adjusted to any direction at 45 degrees. Also, the table roller extends up to 17 inches to support large workpieces.

For stability, the unit utilizes a thick cast iron base. It eliminates most of the wobbling and ensures a smooth drilling operation throughout.

PROS

  • Built-in precision laser light
  • Powerful induction motor
  • Built-in work light
  • Offers precise control over the drill speed
  • Adjustable work table

CONS

  • Base rusts relatively fast
  • Speed adjustment knob is a bit finicky

Related Guide: Bandsaw Under $200

WEN 4210T 10 In.

WEN 4210T 10 In.

Are you looking for a drill press machine that is compact yet powerful? Want a relatively small unit that comes featured with a work light? Then this device from WEN should’t miss your attention.

The overall height of the unit is just 26-1/2 inches, which makes it relatively compact. Even though it is smaller in size, it comes featured with a capable 3.2 Amp induction motor.

As the motor features durable ball bearings, you can expect an overall consistent and smooth performance. The performance is enough to drill through metals, plastics, wood, and more surfaces at ease.

It features a half-inch keyed JT33 spindle taper chuck, and it accepts any drill bits that are within the half-inch diameter. There is even built-in storage for the key so that you do not lose it.

Besides that, it features a variable speed spindle too. You can adjust it to set the operational speed at five different settings. According to your workload, you can set it at 600, 1100, 1700, 2400, or 3100 RPM.

To ensure maximum precision, it comes packed with built-in laser light. It points precisely at the location the drill bit is going to travel through.As a result, you will know exactly where the hole will be on your workpiece.

Alongside that, it also features a built-in work light. It will increase the overall visibility and help you make precise holes by illuminating the workpiece.

Besides that, it also features an adjustable depth gauge. You will be able to limit the spindle travel distance by adjusting it.

Just like most of the models, it also comes with a beveling work table. You can adjust it 45 degrees left or right. The base is of heavy cast iron that prevents wobbling and minimizes vibration.

PROS

  • Compact footprint
  • Precision laser light
  • Comes with a built-in work light
  • Features adjustable speed
  • Adjustable depth gauge

CONS

  • Worktable cracks relatively fast
  • Locking mechanism is not that sturdy

SKIL 3320-01 3.2 Amp 10-Inch

SKIL 3320-01 3.2 Amp 10-Inch

Compared to handheld drilling machines, drill press offer more control and enhanced precision over the cutout.

A good laser light alongside that enhances the overall cutout accuracy further. An excellent example for units like that would be this unit from SKIL.

This device comes featured with X2 two-beam laser. It points precisely to the location that drill is going to travel through. With that, you will be able to align the drill hole on your workpiece accurately.

It comes with an adjustable depth mechanism too. By adjusting it, you can limit the travel distance of the spindle. You will be able to get a consistent hole size throughout every attempt with that feature.

The unit comes featured with a half-inch keyed chuck. It accepts any drill bits that are within half-inch diameter. This compatibility options make this extremely versatile.

With the square 7-5/8 inches work table, you can work on relatively large workpieces at ease. It can also be adjusted. You can tilt it to 45 degrees to efficiently perform those angled drilling.

It comes featured with a variable speed dialer. Depending on your workload, you can switch between five different speed settings. You set the speed of the drill from between 750 to 3050 RPM.

The unit comes featured with a 3.2 amps induction motor that rated to operate at 120 volts. It is quite efficient and adequately powerful. You will be able to get clean holes in metal, wood, plastics, and many more materials.

Besides that, it comes with a cast iron base. It is heavy enough to keep the unit stable while working with larger workpieces.

Overall, this is an excellent choice for making precise holes in wood, metal, plastics, and other materials.

PROS

  • Dual-beam laser light
  • Variable speed settings
  • Adjustable work table
  • Versatile keyed chuck
  • Features adjustable depth mechanism

CONS

  • Worktable feels relatively cheap
  • Base can not efficiently prevent wobbles and vibration

Another Review: Fixed Gear Bikes under $500

Central Machinery 8 in. 5 Speed

Central Machinery 8 in. 5 Speed

Drilling holes in workpieces that are not directly vertical is a little hard. Units that feature not only tilt but also rotational adjustments of the worktable can make those slanted angle drilling much more manageable. This unit from central machinery is one of them.

While most of the units in the markets are only featuring tilting tables that you can tilt a little bit to the left or right, this manufacturer took a step ahead.

They incorporated a fully rotatable table. You will be able to tilt it 45 degrees to the left and right and also rotate it 360 degrees to get that precise hole on your workpiece.

Besides that, it features an adjustable depth gauge too. With that, you will be able to limit the overall travel distance of bits.

That means you can get consistent sized holes on your workpiece simultaneously after adjusting just once.

In the case of the output drilling power, it comes featured with 2.4 amps heavy-duty motor that has a ball bearing.

Also, it has a rating of 1/3 horsepower, which means you will be able to do most of the drilling operations at ease.

Other than those, you can switch between five different drilling speed. The spindle speed can be set at 620, 1100, 1720, 2340, or 3100 RPM.

By dialing the knob, you can slow it down or make it fast according to your preference.
It also features an onboard work light.

The light is bright enough and can illuminate the workpiece on the table evenly.
As the unit has the construction of cast iron for the base and the head, you can expect excellent durability from it.

PROS

  • Fully adjustable work table
  • Adjustable depth gauge
  • Features adjustable drilling speed
  • Adequately powerful motor
  • Built-in work light

CONS

  • Unit is prone to wobbling and movements
  • Base rusts and corrodes relatively fast

Genesis GDP1005A 10″ 5-Speed 4.1 Amp

Genesis GDP1005A 10 5-Speed 4.1 Amp

Are you looking for a drill press that features a relatively large chuck? Want something that can work with larger sized drill bits? Then this unit from genesis is the one for you!

Compared to most of the drill press that is available in the market, this unit comes featured with a 5/8 inch chuck.

It is about 30 percent larger than the competition. That means you can work with larger diameter drill bits and accessories. Making big holes with this is a piece of cake.

Besides that, it features a powerful induction motor, which is 4.1 Amps. It operates at relatively lower noise. You will be able to drill holes in thicker materials with ease.

Keeping the tabs up with the competition, it also offers a variable speed switching option. It can be set to five different drilling speed.

You can drill at 620, 1150, 1630, 2180, or 3070 RPM. Making precise cuts will be much easier with this.

The unit is extremely versatile too. You can rotate the table at full 360 degrees. To make handling those awkward angles easy, you can also tilt it at 45 degrees.

The table height is also adjustable. You can get the cut the way you prefer using these features.
It also features a depth adjustment spindle.

You will be able to limit the travel distance by adjusting it. By locking the axle, you will get consistent holes throughout every attempt.

To further help you get the precise cut on your workpiece, it features an onboard LED light. The light is bright enough and will illuminate your workpiece evenly.

For stability, it has a 13-3/8 x 8-1/4 inch base. It is of heavy cast iron and can support larger workpieces easily.

PROS

  • Comes with a 3/8 inch chuck
  • Adjustable depth spindle
  • Packs a quiet induction motor
  • Rotateable work table
  • Adjustable height

CONS

  • Work table is not that durable
  • Shaft of the chuck feels loose in the upmost location

Mophorn 980W

Mophorn 980W

Are you looking for something that has an extremely stable base? Do not prefer the conventional cast-iron base that most of the units ship with? Then you should take a look at this magnetic drill press from Mophorn.

Even though most of the drill press manufacturers are incorporating a substantial cast iron base to eliminate as much wobbling as possible and make the unit stable, they are still prone to vibrations.

Mophorn understood this, and they decided to put an electromagnetic base that eliminates most of the stability problems.

Besides that, it comes packed with an industrial-grade magnetic drilling motor. It can provide up to 980 watts of power.You will be able to grind through most of the surfaces with ease.

The unit is surprisingly portable. With the inclusion of an ergonomic grip, it can be easily be lifted and placed to different metal workbenches. You can shift this from one place to another without any hassle at all.

It also features an external carbon brush. You can easily replace it when necessary. The cover is also durable, which makes the drill comparatively safe and work environment friendly.

The drill machine is extremely easy to operate. It comes featured with a rocker lever rod that has rubber anti-slip sleeve. You will not have put too much effort into getting a precise cut on your workpiece with this unit.

It features an aluminum double dovetail rail guide. This rail does not only add rigidity on the unit but also will allow you to change the height according to your preference.

Overall, this is an excellent choice for efficiently making precise holes in steel, wood, plastics, and on many other surfaces.

PROS

  • Electromagnetic base
  • Highly portable
  • Comes with an industrial-grade motor
  • Adjustable height
  • Features a rocker lever that has rubber sleeves

CONS

  • Half-inch sized drill bits are not compatible
  • The chuck does not have enough clearance for short bits

Craftsman 10″ Bench Drill Press

Craftsman 10inch Bench Drill Press

Are you looking for a drill press that can handle semi-professional tasks at ease? Want a versatile unit with which you can do a plethora of drilling tasks comfortably? Then this unit from Craftsman is the one you.

A drill press will have zero advantages over handheld drills without a powerful motor. That is why this unit comes featured with a dominant inductive motor that is half HP.

It will provide you more than enough torque to penetrate through most of the metals, wood, plastics, and many other materials.

Besides that, it also features a variable speed mechanism like most other units out there in the market.

You can set the rotation of the drill from between 620 to 3100 RPM just by adjusting the speed tensioning knob. Each level is marked clearly.

In the case of the size, it is relatively compact. It measures 13 x 8 x 27 inches, which comparatively smaller than most of the enormous drill press that is available in the market.

Even though the size is relatively smaller, the unit is not lacking behind in the case of functionality.

The unit comes featured with a swing that is 10 inches. That means you will be able to drill through materials of 5 inches from the edge to the center.

It features a standard half-inch chuck that can accommodate most of the drilling bits that you can find in the market. You can fit any bits that are within the half-inch diameter.

Besides that, it also packs in laser lights for precise and accurate cuts. The built-in LED light will help you in making those accurate holes in the dark. You can also adjust the table to 45 degrees left or right to make angular drilling easier.

PROS

  • Comes packed with a powerful ½ HP motor
  • Variable speed
  • Adjustable work table
  • Built-in laser and LED lights
  • Features a standard size chuck

CONS

  • Depth adjustment knob is a little finicky
  • Replacements parts are hard to find

Shop Fox W1667 1/2 HP 8-1/2-Inch Bench-Top Oscillating Drill Press

Shop Fox W1667 1

There might be some instances where you might feel the need for a sanding tool while drilling. In such situations, if you do not have an ever so versatile tool such as this one from Shop Fox, you might have to spend money on a sander.

Yes! This drill press can not only do drilling tasks but also sanding at the same time.
Apart from providing you precise drilling control, it can also act as a sander because of the oscillating design.

The precision-ground spindle will let you sand drums that are between 1 and 2 inches in diameter and 4-1/4 inches long. You will be able to do both sanding and drilling with the same machine.

Besides that, the unit comes featured with a half horsepower motor. The motor operates at 110 volts, and it will offer you adequate power to easily do most of the drilling tasks.

It features a half-inch chuck that features a safety key mechanism. That means you can prevent accidental starts or unauthorized access after locking the machine with the key.

Just like most of the presses that are available in the market, it comes featured with a variable speed dialer too.

With this, you can set the speed according to your workload. You can set it from between 620 to 3100 RPM.

Other than that, it also features an adjustable depth gauge. After adjusting, you can limit the travel distance of the drill bit.

That means you will be able to get multiple accurate sized holes on your workpiece without having to estimate your arm swing each time.

It also features a 7 square inch table that is 90 degrees tiltable. You can adjust it to drill or sand at different angles easily.

PROS

  • Comes with an adequately powerful motor
  • Can be used for sanding purposes
  • Features safety mechanisms
  • Variable speed dialer
  • Adjustable depth gauge

CONS

  • Does not come included with a sander kit
  • The unit is prone to rusts and corrosions

Mophorn 1100W Magnetic Drill Press

Mophorn 1100W Magnetic

Having an industrial-grade drill press at your arsenal can make drilling tasks look like a piece of cake. You will be able to do all sorts of drilling applications at ease with them. An excellent example of such units would be this unit from Mophorn.

This beast comes with a 15 Amps induction motor that can provide about 1100 watts. You can do all types of professional drilling works with this comfortably. Other than drilling, it can also be used for industry works.

The chuck can fit annular cutters that are up to 2 inches and have a maximum diameter of 1-1/2 inches. It can reach to a boring depth of up to 7-1/2 inches. The included tool holder is a ¾ inch Weldon shank.

Besides that, the unit comes featured with an electromagnetic base. You will not have to worry about the machine not having proper stability on your workbench anymore.

The station will attach on metal surfaces with a substantial 2700 pounds of the electromagnetic force that will prevent the unit from wobbling and moving around.

You can quickly move the unit around from one workbench to others for the included grip. It has an ergonomic design, and you can comfortably carry around the device with it.

The device comes featured with an external carbon brush. You can easily replace it when necessary. The cover is sturdy and durable as well, which makes the drill safer for work environments.

It also features a rocker lifting rod that has an anti-slip rubber coating on the surface to make handling much more comfortable.

The included aluminum guide rail does not only enhance durability, but it also will let you adjust the height of the motor.

PROS

  • Comes with a powerful 15 amps motor
  • Electromagnetic base
  • Highly portable
  • External carbon brush
  • Adjustable height

CONS

  • Standard drill bits are not compatible
  • The customer service is below average

What to Look for Before Buying?

If you head out in the market right now, you will stumble upon a plethora of drill press units.

But if you want to get the one that offers the best value proposition, you will have to keep some factors in mind. These are:

Motor

A powerful motor is one of the factors that let the drill press offer an accurate and smooth drilling operation.

Without a capable motor, it will not be able to provide that much drilling power to grind through the thick surfaces.

Nowadays, the units are mostly shipping with induction motors. These types can come with up to 15 amps of rating power. The higher the rating, the higher the drilling power you will get.

For regular day to day drilling, you should be good with a unit that has 3.5 amps motor. But, if you want to do medium to heavy drilling tasks, you should get a device that comes with at least five amps motor.

Variable speed

Variable speed

Variable drilling speed is another factor that lets drill press offer precise cuts on workpieces. With them, you will be able to dial in the exact rate of rotation that you require for your type of work.

Many of the units are featuring knobs through which you can switch between few options of RPM.

But, the ones that offer a digital screen and let you choose the RPM by yourself are the most convenient.

Worktable

The worktable is the place where you are going to lay down your workpiece to drill on it. For that reason, you should be a little careful about the overall size and adjustability of it.

The larger the size, the easier it will be to work with larger workpieces. An adjustable worktable will make working with slanted angles easier.

The base

Without a sturdy and heavy base, most of the machines will wobble and vibrate while drilling. For that reason, you should pick a unit that comes featured with a hefty base that can support the device properly. With those, you will get be able to perform accurate drilling operations efficiently.

Depth adjustments

By adjusting the depth, you can limit the travel distance of the spindle. After adjusting once, you will be able to get multiple accurate sized holes in your workpiece with ease. This feature makes drilling numerous holes simultaneously more convenient.

Laser and Work Light

Many modern drill press is coming with laser lights. This light makes it much easier to drill accurate holes.

They point at the exact location that the drill bit is going to travel through.
Other than that, many features an LED work light too. They make working in a relatively darker environment easier.

Frequently Asked Questions

Why should I pick a drill press over handheld drill machines?


In between handheld drill machines and drill press, you can not just pick one over the other.

Yes, you can somehow make the handheld ones do what a drill press does. But in that case, you are not going to get that much accuracy and versatility that a drill press offers.

Why should I pick a drill press over handheld drill machines

What drill bits can I fit in the chuck of my unit?


It depends on the size of the chuck that is in your device. If the chuck is half-inch, for example, you can install any drill bits that are within that diameter.

What does the term RPM mean?


RPM stands for rounds per minute. In the case of a drill press, it is the number of rotation the drill bit is making within a minute.

What surfaces can I drill through with my drill press?


It depends on the power of the motor that your drill press comes featured with. For
example, if it is below five amps, you will face a little difficulty with thick metals.

Can I replace the chuck of my drill press?


If you can find compatible chuck, then you surely can replace it with an aftermarket one. Many manufacturers are offering first-party replacement chucks too.

Final Words

We hope that we have narrowed down the available options to a certain amount that it is now easier for you to choose the best drill press under $300.

With that, we would like to conclude here by wishing you good luck and hoping for precise and accurate cuts on your workpiece.

0 Shares:
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like