Players who are interested in buying a PlayStation 5 i just got bad news because the price of two refurbished units has now increased. PlayStation 5 fans will have to pay about $100 more if they're interested in buying most models of the refurbished console.
It's not an easy time to be a gamer interested in buying a console or PC right now. AI data centers creating demand for components have ensured that the cost of components such as RAM and CPUs have risen, driving up the cost of everything from building PCs to buying consoles. These trends show no signs of abating yet, which may have led some players to consider buying used or refurbished systems. Unfortunately, even those are now more expensive, at least if one is interested in a Sony system.
All the big upcoming PS5 games for 2026 and beyond
From JRPGs to platformers, racing and open-world titles, here are all the big new PS5 games releasing in 2026 and beyond.
Refurbished PlayStation 5 prices are rising
As seen on May 1, the cost of a refurbished PlayStation 5 Slim has now gone up. Previously, it was possible to get a refurbished PS5 Slim with a disc drive for $449.99 or a digital-only version for $399.99. These were at a significant discount compared to buying brand new consoles, which made them attractive to gamers. However, both have now seen a $100 price increase, bringing the PS5 Slim to $549.99, with the digital-only version selling for $499.99. Both units have a 1TB SSD and come with all the necessary cables, one DualSense wireless controller and a manual, but they may have minor cosmetic imperfections.
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While getting a refurbished PlayStation 5 is still cheaper than buying a new one, it's not very convenient for those trying to game on a budget. Back in April, Sony raised the price of the PS5, with brand new consoles costing $649.99 for the standard PS5 with disc drive, the Digital Edition PS5 costing $599.99, and the PS5 Pro seeing a price increase to $899.99. These increases sting even more when you consider that in 2020 the PlayStation 5 launched for $499.99 with the drive and $449.99 without.
Fortunately, there is still one option that is a bit more affordable and has not yet been affected by the recent price hike. A refurbished original PS5 model with a disc drive is still available for $399.00. This makes it by far the most affordable version of the system, although it does come with 825GB of storage rather than the 1TB Slim. Gamers who have been putting off purchasing a system may want to jump on this opportunity before it's too late.
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Sony recently enjoyed huge success with the PlayStation 5, with the console managing to outsell the newer Nintendo Switch 2 for most of 2026. The PlayStation also saw a spike in sales between late March and early April, though it's believed this was due to consumers trying to buy before the price hike. Now that the price of both brand new and refurbished units (not including refurbished original PS5 models) has risen, it will be interesting to see if Sony can keep up with the sales trend of its competitors.
