Ultimate Guide To The Cheapest Rolex Watches

Rolex is the most in-demand luxury watch brand, so it's no surprise they are generally expensive. Moreover, in addition to Rolex's periodic price increase at the retail level, the pre-owned market has also seen a substantial increase in the average price of a Rolex model over the past few years. Wondering the reason? Because Rolex swears by 8 Gold stands in watchmaking.

The good news is that it is not impossible to find affordable Rolex watches. You just have to know what to look for, and you can own several fantastic Rolex models, both modern and vintage, at a reasonable price.

But before we reveal the names and details of these eclectic models, we will discuss why some Rolex watches are cheaper than others.

Why don't all Rolex watches have the same price tag?

Several factors determine the price you pay for a particular Rolex watch. If you're highly selective about a particular Rolex model, chances are you might have to pay some extra. However, you'll enjoy several options if you're flexible about the details.  

Generally, the key factors influencing a Rolex's price are its size, material, complications, condition, and scarcity. Let's explore the details.

Size

This one is pretty simple. The size of a Rolex indicates the amount of material used in its making, meaning smaller watches are cheaper than the larger, chunkier ones. So, if you're hoping to go easy on the wallet, look for something more subtle on the wrist. A smaller-sized Rolex is a great way to keep the cost down.

Material

The material of a Rolex watch is important in determining its price. Rolex watches are made of steel, yellow gold, white gold, Everose gold and platinum. All these materials are highly resilient and look fantastic. However, steel is significantly cheaper than other materials, so watches made of steel are usually cheaper. Surprisingly, many of Rolex's popular watch models are made of Oystersteel.

Complications

One thing that is common in all affordable Rolex watches is their simplicity. Rolex creates watches with notable complications like dates, chronographs, days, calendars, and many others. These watches showcase the massive technical prowess of the brand and are, hence, higher on the budget. If you want to go lighter on the price tag, knock off a couple of grand complications from your watch.

Condition

The condition of the watch plays a great factor when you're looking to buy Rolex from the pre-owned market. A Rolex watch in poor condition or the one with significant wear and tear will always be cheaper. This is no surprise. Although Rolex creates watches with highly corrosion-resistant, water-resistant and scratch-resistant materials, even Rolex does not even defy the laws of nature. However, there are several reasons why pre-owned Rolex is a smart investment, and several reputed sellers sell pre-owned Rolex in fantastic condition.  

Scarcity

The demand and supply of a particular Rolex model play a key role in determining whether the watches are cheap or expensive. A rare Rolex will be more costly than the more common models. The less a Rolex is in circulation, the higher the price tag. If you're just starting out and looking for a rare Rolex, please understand you cannot look for a rare piece in the 'affordable' section.

Now comes the main question – Which Rolex models are the cheapest?

While a few thousand pounds is by no means cheap, it's still on the more affordable end for a Swiss watch brand like Rolex. Wearing a Rolex is always linked to power, status, and wealth, so having one on your wrist speaks volumes about a person.

Here, we've selected ten great, affordable Rolex options for entry-level collectors who want to experience the joy of owning a Rolex but with a friendly price tag.

10 Cheap Rolex References With Style And Quality

1. Rolex Air-King, Ref. 5500

The Rolex Air-King pays tribute to the golden age of aviation. Rolex founder Hans Wilsdorf first created the Air-King for pilots in WWII who needed watches with superior precision and reliability. While the model first appeared in the Rolex catalogue in 1945, it wasn't until 1958 that the Air-King had its own standalone collection.

The Rolex Air-King Ref. 5500 was launched in 1957 and enjoyed a long production run before retiring in the 1990s. Due to its non-chronometer-rated movement, the 5500 has always remained one of the least expensive Rolex watches.

Why do collectors love it?

Collectors deeply appreciate the model for its rock-solid reliability and timeless design. The 5500 Air-King is a stunning vintage Rolex model with an amazing history, making it a great addition to any collection.

Key Features:

• Model: Air-King Ref. 5500
• Case Size: 34mm
• Material: Stainless Steel
• Bezel: Stainless Steel, Smooth
• Dial: Multiple Options
• Bracelet: Stainless Steel, Oyster or Jubilee
• Crystal: Acrylic/Sapphire
• Movement: Calibre 1520/1530/3130 movements 

Lowest pre-owned market price for Rolex Air-King 5500: £2480

2. Rolex Explorer, Ref: 214270

The Rolex Explorer is a watch with a rich heritage. Originally introduced in 1953, the Explorer attained its celebratory status when Edmund Hillary and Tenzing Norgay climbed the summit of Mount Everest. Rolex released the Explorer model to celebrate this tremendous feat. However, despite having its origin as a tribute timepiece, the Explorer has always remained understated.

In 2010, Rolex released the Explorer Ref. 214270 with significant updates, including a larger Oyster case and an updated Calibre 3132 movement. The Rolex Explorer 214270 is the largest Explorer model ever made with two distinct dial variations, MK1 and MK2.

Why do collectors love it?

The Rolex Explorer 214270 is popular amongst adventurers, explorers and mountaineers for its rugged appearance, durability and clean, easy-to-read dial. Some say the watch has great value retention and fetches a handsome return when you sell your Rolex.

Key Features:

• Model: Explorer Ref. 214270
• Case Size: 39mm
• Material: Stainless Steel
• Bezel: Stainless Steel, Smooth
• Dial: Black with luminous hour markers
• Bracelet: Stainless Steel, Oyster
• Crystal: Sapphire
• Movement: Calibre 3132

Lowest pre-owned market price for Rolex Explorer 214270: £4800

3. Rolex Datejust, Ref: 16233

The Rolex Datejust is a quintessential dress watch and the ultimate entry-level Rolex timepiece. Released in 1945, it was the first waterproof wristwatch with a date function on the dial. The Rolex Datejust is a classic timepiece that combines form and functionality at a reasonable cost.

The Rolex Datejust Ref. 16233 was released in 1988, blending luxury, robust performance, and precision in an exquisite-looking package. This particular model underwent many variations throughout its production years until it was eventually discontinued in 2005. Crafted in steel and 18ct yellow gold, this 36mm model has a champagne-coloured dial and is worn on the iconic Jubilee bracelet, embracing style and comfort.

Why do collectors love it?

The timeless design of the Rolex Datejust 16233 pairs well with almost everything, making it a great everyday watch. Additionally, the watch's fluted bezel and jubilee bracelet make it instantly recognisable. It is robust, stylish, and versatile and comes in a variety of colours and combinations. The Datejust 16233 is also highly coveted in the pre-owned market.

Key Features:

• Model: Datejust Ref. 16233
• Case Size: 36mm
• Material: Stainless Steel & 18ct Yellow Gold
• Bezel: 18ct Yellow Gold, Fluted
• Dial: Multiple Options
• Bracelet: Stainless Steel & 18ct Yellow Gold, Jubilee
• Crystal: Sapphire
• Movement: Calibre 3135

Lowest pre-owned market price for Rolex Datejust 16233: £3700

4. Rolex Milgauss, Ref: 116400GV

Introduced in 1957, the Rolex Milgauss was designed for scientists and engineers working long hours in magnetic fields. They needed a watch that could withstand the magnetic fields to offer precise timekeeping. Thus, Rolex developed the Milgauss to meet the demands, boasting magnetic resistance of up to 1000 gauss.

The Rolex Milgauss Ref: 116400GV was released in 2007 to commemorate the Milgauss's 50th anniversary. The 'GV' stands for Glace Verte, meaning 'Green Glass' in French. The 116400GV was the only Rolex to sport a tinted crystal at the time. Not to mention, the bright orange lightning bolt-shaped second-hand makes the Milgauss easily stand out from other models. 

Why do collectors love it?

The Milgauss has generally been overlooked, but collectors who know the Rolex Milgauss well understand that it is a watch with a lot of character and historical importance. Plus, the cutting-edge green-tinted 'GV' version ensures there’s no other watch quite like it. It is designed for wear in outdoor environments, business environments, and everything in between, making it extremely versatile.

Key Features:

• Model: Milgauss Ref. 116400GV
• Case Size: 40mm
• Material: Stainless Steel
• Bezel: Stainless Steel
• Dial: Black
• Bracelet: Stainless Steel, Oyster
• Crystal: Sapphire
• Movement: Calibre 3231

Lowest pre-owned market price for Rolex Milgauss 116400GV: £6000

5. Rolex Submariner, Ref: 14060

The Submariner is one of the most iconic sports watches ever and one of Rolex’s most coveted models. Its signature design, functional bezel, incredible water resistance, and timeless sophistication make it one of the most beloved luxury dive watches. Generally, Rolex Submariner watches fall at the higher end of the price bracket, but not the No-Date model.

Released in 1990, the Rolex Submariner Ref: 14060 was in production till 1999, when the 14060M replaced it. With its iconic black dial and minimal aesthetic, this No-Date Submariner embodies the classic style of the original Submariner while reflecting upon modern consumer preferences. It has a significantly larger size of 40mm, and the bezel insert is aluminium, which, when exposed to seawater or UV light, fades and brings an appearance distinctive to each watch.

Why do collectors love it?

Collectors love the vintage character of the Rolex Submariner 14060, and some say it is the perfect crossover between old and new, with a classic design and modern advancements. It is the last of the best. Being a prominent Rolex creation, the Submariner entails a reputation of its own, and the 14060 is a true masterpiece. Lastly, the most important catch is that the Rolex Submariner is a great investment with a price increase history.

Key Features:

• Model: Submariner Ref. 14060
• Case Size: 40mm
• Material: Stainless Steel
• Bezel: Aluminium
• Dial: Black
• Bracelet: Stainless Steel, Oyster
• Crystal: Sapphire  
• Movement: Calibre 3000

Lowest pre-owned market price for Rolex Submariner 14060: £5800

6. Rolex Oyster Perpetual 41, Ref: 124300

The Oyster Perpetual is often considered the stepping stone into Rolex's vast lineup. The collection embraces the essence of the brand's timeless design and functionality without making your wallet cry. The watches feature a simple and elegant design, and the range caters to both men and women.

The 41mm Rolex Oyster Perpetual 124300 was released in 2020 with a slew of vibrant dial colours. The dial is decorated with luminescent double markers at 3/6/9 o'clock, which brings life to the dial in dark environments. This Oyster Perpetual 41 fits an Oyster bracelet, giving the watch a well-rounded appearance. The watch is elegantly simple and concentrates mainly on hourly timekeeping without any additional complication.

Why do collectors love it?

Hardly anyone can resist the classic and timeless charm of the Rolex Oyster Perpetual 124300. It is perfect for everyday wear as well as dressy occasions. Buyers, collectors and enthusiasts love the striking design and style of the Rolex Oyster Perpetual 41 Ref. 124300, with the bright dial definitely grasping attention from across the room.  

Key Features:

• Model: Oyster Perpetual Ref. 124300
• Case Size: 41mm
• Material: Stainless Steel
• Bezel:  Stainless Steel, Smooth
• Dial: Multiple Options
• Bracelet: Stainless Steel, Oyster
• Crystal: Sapphire  
• Movement: Calibre 3230

Lowest pre-owned market price for Rolex Oyster Perpetual 124300: £5600

7. Rolex Air-King, Ref. 116900

Rolex discontinued the Air-King in 2014, only to revive it again in 2016 with the Rolex Air-King 116900. This new model has almost no resemblance to its predecessors and has a larger case of 40mm, a sportier dial with hour and minute numerals, and flashes of green and yellow elements here and there, thereby injecting a more modern appeal to the watch.

The biggest point of debate amongst Rolex fans regarding the Air-King 116900 is the dial, which appears more dynamic and somewhat busy than the previous simple, clean, and classically styled dials. Also new to the model is the anti-magnetic feature. The Air-King 116900 is equipped with the brand's blue Parachrom hairspring and several other paramagnetic components for additional protection against magnetic fields.

Why do collectors love it?

While some critique the Air-King 116900 for its busy dial, others love how Rolex has finally departed from its conservative status to do something unexpected with the dial details. Overall, the modern interpretation is loved by collectors for its technical advantages, unique design, and, not to forget, affordability. Additionally, the lengthy waiting list for the model has pushed up the process on the secondary market. Currently, the Rolex Air-King 116900 is trading at almost 50% above its original price, making it a good investment option for collectors.

Key Features:

• Model: Air-King, Ref. 116900
• Case Size: 40mm
• Material: Stainless Steel
• Bezel:  Stainless Steel, Smooth
• Dial: Black
• Bracelet: Stainless Steel, Oyster
• Crystal: Sapphire  
• Movement: Calibre 3131

Lowest pre-owned market price for Rolex Air-King 116900: £5300

8. Rolex Datejust 36, Ref: 126200

An unpopular opinion: Even a highly affordable Rolex can be a significant investment. The Rolex Datejust 36 Ref: 126200 is great for first-time buyers as well as for seasoned collectors. It boasts several high-end features that make the Datejust catalogue legendary.

From the case size to the dial design, movement inside, and impeccable metal, the Datejust is a lesson in watchmaking, and the reference 126200 is what you call a 'true classic'. Rolex designed the Datejust 126200 with no particular purpose but as one good watch that a person will ever need in life. 

Why do collectors love it?

The Datejust 126200 is beautiful, practical and wears brilliantly. You can wear it during formal meetings, outdoor activities or simply while stepping out for leisure. Even enthusiasts who prefer wearing more significant cases are deeply fond of the timeless unisex appeal of the Datejust 36 126200. The very point that you can avail yourself of this Rolex steel sports watch without paying double the retail price or waiting multiple years makes it even more popular amongst Rolex fanatics.

Key Features:

• Model: Datejust 36, Ref. 126200
• Case Size: 36mm
• Material: Stainless Steel
• Bezel: Stainless Steel, Smooth
• Dial: Multiple Options
• Bracelet: Stainless Steel, Oyster & Jubilee
• Crystal: Sapphire  
• Movement: Calibre 3235

Lowest pre-owned market price for Rolex Datejust 126200: £5400

9. Rolex Explorer II, Ref: 16570

Since the line's debut in 1953, the Explorer has remained the choice of watch for mountaineers and explorers. In 1971, Rolex reinvented the Explorer catalogue with the Explorer II, catering to the demands of cave explorers. The Explorer II watches are substantially large and have a fixed 24-hour bezel. The dial of the Explorer II models is called 'Polar', hence the name Rolex 'Polar' Explorer.

The Rolex Explorer II 16570 was released in 1989, replacing the 16550. It retained the same 40-mm case size and an Oyster steel construction. However, the black outline surrounding the hour markers was new to the Polar dials, giving them more prominence and contrast against the white background.

Why do collectors love it?

The Rolex Explorer II 16570 is one of the few professional Rolex models that can be obtained at a lower price. Some collectors appreciate the watch's white 'Polar' dial, which stands out from other Rolex models with its playful design. Additionally, the 16570 sports a tool-ish design that is missing from other modern iterations.

Key Features:

• Model: Explorer Ref. 16570
• Case Size: 40mm
• Material: Stainless Steel
• Bezel:  Stainless Steel, Fixed
• Dial: White 'Polar' dial
• Bracelet: Stainless Steel, Oyster
• Crystal: Sapphire  
• Movement: Calibre 3185

Lowest pre-owned market price for Rolex Explorer II 16570: £4700

10. Rolex Cellini, Ref: 5115

The Rolex Cellini was released by Rolex in 1968 and is the brand's quintessential line of dress watches crafted only from solid gold or platinum. This makes them perfect dress watches for pairing with formal attire and for evening parties. While precious metals mean that the watches will be expensive, the Rolex Cellini, with their precious metal cases, has always remained affordable because Cellini watches are often overlooked.

The Rolex Cellini Ref: 5115 is a traditional-looking Rolex model with an ultra-thin 18ct gold case protected by a scratch-resistant sapphire crystal. The dial, with its no-nonsense design, is particularly attractive. As is fitting for a dress watch, the watch is worn on a black leather strap and sits comfortably on the wrist.

Why do collectors love it?

For those who prefer a simple and minimalist appeal, the Rolex Cellini 5115 is ideal for everyday and special occasions. The all-gold case and leather strap offer a luxurious look with a vintage feel, letting the wearer enjoy the best of both worlds. Additionally, the fact that Rolex created this group simply around aesthetics and style makes it different, often rarer, and more affordable.

Key Features:

• Model: Cellini Ref. 5115
• Case Size: 32mm
• Material: 18ct Yellow Gold
• Bezel: 18ct Yellow Gold, Smooth & Fixed
• Dial: Multiple Options
• Bracelet: Leather Strap with buckle
• Crystal: Sapphire  
• Movement: Calibre 1602, Manual Winding  

Lowest pre-owned market price for Rolex Cellini 5115: £2600

Do Cheap Rolex Watches Hold Value?

One of the biggest advantages of buying a Rolex is its ability to hold value, which also applies to the affordable Rolex models. While luxury watches, in general, hold their value well, Rolex watches, in particular, enjoy a great resale market. If you ever decide to sell your Rolex, you can rest assured to scoop a significant return.

Another thing you should consider when investing in a Rolex watch is whether it's new or pre-owned. Pre-owned Rolex watches always hold their value well. This is because the previous owner has already incurred the loss, leaving you with nothing but the profit you get when you sell your watch later.

Much like cars, Rolex watches depreciate in value the moment you buy them at retail. However, one thing to keep in mind is that not all Rolex watches you purchase at retail will always depreciate in value when you exit the store. For instance, the sought-after stainless steel Rolex sports watches command exorbitant prices on the secondary market due to high demand and low availability.

However, if you bought your Rolex from retail, hold onto your investment, and you may resale it for the original retail price while waiting for a couple of years.

All in all, whether new or pre-owned, Rolex watches are worth the investment as they hold their value well.

What Is The Best Way To Buy A Genuine Cheap Rolex Watch?

When looking to buy Rolex watches, whether expensive or cheap, it is important to buy from a reputed and trustworthy dealer to ensure quality and function. In addition, there are a few considerations to keep in mind.

• Ensure the pre-owned Rolex is in good working condition. Check the watch thoroughly, including the dial, bracelet, crystal and case, to ensure it is in good condition and working faultlessly.
• Always ensure the watch comes with the necessary documentation to ensure its authenticity. However, in some cases, the previous owner may misplace the box and papers, especially vintage Rolex watches. In such cases, get the watch verified by a professional before investing.
• Remember to research the market trends and prices before investing. Rolex models with a high demand command higher prices for pre-owned pieces. So, study the market trends to make an informed decision and find the best Rolex model for your money.

Which Cheap Rolex Should You Buy?

There is no direct answer to this question. In fact, you have to consider numerous factors before buying, such as why you want to buy a Rolex. Is it an investment? Or do you want to gift someone or make a statement? In addition to that, your lifestyle and budget also make a big impact on the choices you make.

Honestly, Rolex watches are not exactly 'cheap,' and even the most affordable model requires a serious investment of a few thousand pounds. Thankfully, platforms like The Luxury Hut frequently offer great deals on Rolex watches.

We advise starting by deciding on your budget and going from there. Pick a watch that speaks to your individual style, personality, and lifestyle.

CLOSING THOUGHTS

Owning a Rolex doesn't have to be out of reach. As you can see, plenty of cheap Rolex watches are out there, and you can easily be the proud owner of a Rolex without breaking the bank. Whether you're a first-time buyer or a seasoned collector, the affordable Rolex watches listed above provide exceptional value without sacrificing the luxury and legacy of the brand.

Remember, luxury is as much about making smart choices as it is about indulgence. Happy Shopping!