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Squier Classic … I think Ibanez acoustic guitars are underrated. … Superstrats have a reputation for being the hotrods of electric guitars. Sure, the electric guitars and bass guitars are some of the best … Contents. Best electric guitars under $1500. It’s is very much possible to get one of your best guitars for under $1000. 2.3 #3 Alvarez Artist Series AF30 Acoustic Electric Guitar. Epiphone Les Paul SL. 10 Best Electric Guitar Under $300 for All Styles and Budgets 1. Squier Vintage Modified Mustang Electric Guitar; 5. Over the years, Yamaha has created its online reputation for helping make quality and also constant items of all cost arrays.