The Echelon EX5 bike is a solid Peloton alternative — and it's over half off

Save 42%: Yes, there's more than one fancy indoor bike worth adding to your home gym. As of Feb. 7, the Echelon EX5 Connect Bike is on sale at Amazon for just $700.99 — that's a $500 drop from its usual $1,199.99.

With Peloton's fall in popularity comes a rise in its prices, which makes opting to add an indoor bike to your home a little more difficult. That is, until you consider the great less-expensive alternatives that deliver the spin studio experience at home.

One such alternative is the Echelon EX5 Connect Bike, which is on sale at its lowest price ever for just $700.99 at Amazon. You can also take advantage of this 58% savings at Target. Admittedly, $700 is not the absolute most budget-friendly price around for an indoor bike, but it's certainly not the highest, either. If you ask us, this sale price is a fair one.

The bike itself has 32 resistance speeds, comes with storage for dumbbells and water bottles, and is relatively quiet and compact, so it won't dominate your living room/home gym hybrid.

It doesn't come with a screen, but it does have an adjustable stand to hold any device between 5.5 inches and 12.5 inches in size. It also flips 180 degrees for off-equipment workouts. From your device, you can use the Echelon Fit App and membership, which gives you access to over 3,000 live and on-demand classes for $39.99 per month, or $399.99 per year.