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The best PS5 deals for August 2022: bundles, games, accessories and more

The PS5 and PS5 Digital Edition side by side on a blue background
(Image credit: Future)

PS5 deals are no longer a rarity as we approach the second anniversary of Sony's latest console. We may not yet be at a point where you can find massive discounts on PS5 bundles just yet, but there are regular savings on games, accessories and more. We've gathered all the latest ones right here.

Let's be clear: the hunt for a PS5 restock is still an ongoing saga for many, but the situation is massively improving. We've seen the PS5 available to buy at some retailers in the US for over 24 hours now. And while that might sound ridiculous, it's genuinely a big step in the right direction. Meanwhile, in the UK, it's regularly in stock at multiple stores. 

Now, for those lucky enough to already own a console, then you can check out more of the best PS5 deals right here. As well as some cheap PS5 games to kickstart your collection, we've got a few cheap PS5 controllers for those who need an additional gamepad or fancy sprucing things up with a DualSense in one of the eye-catching new colors. For those running out of storage space, we're pleased to say that there are a lot more PS5 SSD deals out there today.

And then there's the ongoing quest for the best PS Plus deals to save as much money as possible on Sony's membership service. The huge PS Plus relaunch is now live and has ushered in the biggest shakeup in how you pay, upgrade and extend your membership. Unfortunately, it's made it harder to find a saving right now. Check out our main guide for the full breakdown, but you can also find a quick summary here, including how you can use the new PS Plus tiers to get access to many of the best PS5 games as part of your subscription fee.

No matter what you're after, we track all of the best PS5 deals each month right here so you know you're always paying the lowest prices for all your games, accessories and extras. And we'll bring you PS5 bundle deals as soon as they're more regularly available. Have a scroll through to see if anything grabs you, or, if you're looking for something in particular, you can jump to each section from the side of the page.

PS5 stock

If you're still looking to get your hands on a console, you'll find all the retailers with PS5 stock available today just below. Consoles and bundles are now regularly available in the UK but those in the US should keep checking back as more stock is due soon.

US:

UK:

AU:

PS5 Accessories

There may only be a few deals on PS5 accessories right now, but we recently saw the lowest price ever for the PS5 DualSense Controller as part of the Days of Play sale. If you missed out, it should be back later this year. Elsewhere, you can often find small discounts on the PS5 camera, the DualSense Charging Station and the official Pulse 3D Wireless Headset. Today's lowest prices for these accessories and more are just below.

PS5 games

This is just a small selection of today's lowest prices for the best PS5 games right now. We return to add to and update this list regularly with all the console's latest releases as well as the biggest bargains on older titles as and when we find them.

PlayStation Plus

The PS Plus logo

(Image credit: Sony)

A PlayStation Plus subscription is an excellent pairing with the PS5. Not only does it let you access online multiplayer, a number of free PS Plus games each month and regular exclusive deals, but also the PlayStation Plus Collection. This is a library of some of the best PS4 games all ready to download and play on your new console. It's great if you missed out on any classic from the last generation console.

A PlayStation Plus subscription is usually discounted at regular periods throughout the year: namely during the Sony Days of Play event in the Summer, Amazon Prime Day and Black Friday. Any of those is generally the best time to renew your subscription as that's when a membership is available for the cheapest price. However, you can sometimes find a saving at other retailers outside of these times. CD Keys generally has the lowest prices, just make sure you get a code that will work in your region.

Now that the new PS Plus service has launched, it's no longer quite so straightforward when it comes to finding the best price. The previous 12-month subscription cards have been pulled from sale at most retailers and new gift cards have been introduced that are equal to the value of the different membership tiers. 

We've got the best prices for PS Plus Essential and PS Plus Extra vouchers below - as well as any remaining old digital codes that are still available that will convert into different amounts of PS Plus time depending on which tier you choose. An old 12-month PS Plus voucher equals 365 days of PS Plus Essential, 219 days of PS Plus Extra or 183 days of PS Plus Premium.

PS5 bundles: what to expect in the future

PS5 price deals

(Image credit: Sony)

We now have more of an idea about what the first PS5 bundles look like now stock is more regular. Currently, a lot of retailers (especially in the US) still add piles of different PS5 games and accessories to bump up the price and deter scalpers from buying. This is useful on the one hand, but it does mean your initial investment to buy a PS5 is a lot more than it should be.

PS5 bundles do look a lot more varied nowadays, at least. Many bundles now come with recent releases and big PlayStation exclusives such as Horizon Forbidden West and Gran Turismo 7. These are still full price, though. The only place we've seen a saving is at Argos in the UK, where you could save £20 off Horizon Forbidden West when bought alongside a PS5.

As the stock situation continues to improve and some killer titles get older, we may see more PS5 bundles with discounted extras such as games or accessories. Don't expect to see these for a while yet, though the earliest we may see some is during this year's Black Friday.

PS5 price: how much does the PS5 cost?

PS5 and PS5 Digital Edition side by side

(Image credit: Sony)

The PS5 price comes in at $499 (£449 / AU$749.95) - the same cost as the Xbox Series X price. That shouldn't come as a surprise to many, seeing as it's difficult to imagine the PS5 price exceeding $500 when it's up against the affordable spread put out by Microsoft.

However, the cheaper PS5 Digital Edition price is $399.99 / £359.99 / AU$599.95, which does flag some concerns considering the Xbox Series S's $299 price tag. However, Sony has always been quick to point to its prioritization of value over price, so if you're looking for those heavy-hitting PS5 exclusives it might be worth shelling out for the more expensive console. Plus, the PS5 Digital Edition runs the same specs as the fully-fledged console, further cementing its position in the market as a high value for money option. 

That means bargain hunters can still experience everything the PS5 has to offer while foregoing the opportunity to play physical PS4 and PS5 games or save cash by buying in the second-hand market. It's an excellent proposition that will certainly capture those going for sheer value for money at launch.

PS5 Digital Edition price

PS5 price deals bundles

(Image credit: Sony)

The PS5 Digital Edition price is $399 (£359.99 / AU$599.95), $100 more expensive than Microsoft's own Xbox Series S price but we are talking about the full power of the PS5 here. That means Sony's $100 discount is actually getting you a lot further than Microsoft's $200 saving. Whether this is enough to sway the budget market towards Sony, however, remains to be seen.

The PS5 Digital Edition price, then, comes in at a similar position to the PS4 Pro now, which makes sense if you're looking to get into the Sony ecosystem for the first time here. However, if you're looking to make use of the PS5's backwards compatibility, you will have to factor in the cost of rebuying your physical PS4 games. If you've already amassed a collection, then, it's worth picking up the full console and taking advantage of Sony's PS5 upgrade system. 

However, if you have PS Plus membership, you'll be able to take advantage of the PlayStation Plus Collection. PS5 owners can download and play a massive selection of PS4 exclusive titles with full PS5 upgrades from launch, from Uncharted 4 to The Last of Us Remastered, Ratchet and Clank to Bloodborne and God of War. So, if you're a PS Plus subscriber you'll be able to play all those golden oldies with your membership anyway. 

PS5 price: compared to the PS4

PS4 DualShock Controller

(Image credit: Shutterstock)

When the PS4 released in 2013, PlayStation held the price announcement until the Xbox One had taken the leap first. Once the Xbox One was set at $499 / £429 with a Kinect included in every package, Sony only had to cut the PlayStation Camera from its PS4 bundles to swoop in with a $100 cheaper price tag.

It's for this competitive reason that Sony was likely holding off on its PS5 price reveal, waiting for Xbox to make the first move again or simply making sure Microsoft doesn't return the favor in 2020. 

So how does the PS5 price compare to that of its predecessors? The PS4 launched for $399 / £350 / AU$599, while the PS3 launched for an astonishing $599 / £425. It was always unlikely we'd see prices reach that high in the US again, though Sony is definitely pitching above the cost of the previous-gen console.

James Pickard
James Pickard

James Pickard is a Deals Editor at TechRadar. After many years of scouring the net for the cheapest games and tech for his own personal use, he decided to make it his job to share those bargains with you. James also has over five years of experience covering some of the biggest sales events of the year at Eurogamer and VG247, including Black Friday, Cyber Monday and Amazon Prime Day. When not deals hunting, James can be found on the PS5, watching a classic film noir or cheering on the Tampa Bay Buccaneers.