There are cheaper alternatives to Peloton Written By: CNET.com | × If you want an indoor cycling workout, but shudder at the price of a Peloton, there are some cheaper alternatives. (Getty Images) Indoor cycling is all the rage these days, with Peloton leading the very pricey charge to get a bike into every home. Although gyms and spin studios are starting to open back up, there's much to be said for the convenience of working out on your own schedule, without having to go someplace. But do you really have to pay $1,895 for a Peloton Bike or $2,495 for its step-up Bike Plus, along with $39 a month for classes? Thankfully: no. There are plenty of indoor bikes that cost less. Below we've rounded up several Peloton alternatives, including one that's "free" (sort of).