The Steam Deck Valve will now refund customers a few hundred extra dollars after revealing updated prices on OLED models of its popular gaming handheld. Although the Steam Deck OLED is back in stock as of this writing, the new prices will affect users in the US and other regions.
After its launch in 2022, Steam Deck quickly became a notable way for users to play games from their Steam library. Although Steam Deck faced stiff competition in the handheld market, Valve's portable gaming tablet remained a popular gadget for PC enthusiasts and casual gamers. Steam Deck was initially launched with LCD and OLED versions for users to choose from. However, Valve discontinued the Steam Deck LCD model in late 2025, making the OLED model the only new units available from that point on.
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Steam decks have recently become more expensive around the world
Although Steam Deck faces supply issues in 2026, Valve has replenished its stock of Steam Deck OLED in the US. However, Steam Deck OLED is now more expensive than ever. As of this writing, the Steam Deck OLED 512 GB model has jumped from $549 to $789, a $240 increase before any taxes and fees are applied. The 1TB Steam Deck OLED received a big price increase, as it went from $649 to $949. The $300 price increase now makes the Steam Deck OLED 1TB model $50 cheaper than the ASUS ROG Xbox Ally X handheld. However, the 1TB Steam Deck OLED is now $50 more expensive than the PS5 Pro, which costs $899. Along with the US price increase, Steam Deck OLED also saw price increases in Canada, UK, Europe, Australia and Poland.
Steam Deck OLED Price Changes (as of May 27, 2026)
Steam Deck OLED 512 GB
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US: $789
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Canada: CAD 1,129
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Europe: EUR 779
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UK: GBP 649
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Australia: AUD 1,199
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Poland: PLN 3,279
Steam Deck OLED 1 TB
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US: $949
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Canada: CAD 1,349
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Europe: EUR 919
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UK: GBP 779
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Australia: AUD 1,429
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Poland: PLN 3,879
Steam Deck's new pricing plan is the latest change amid troubled times in the global video game industry. From 2025, gaming consoles have become more expensive due to the state of the global economy and the ongoing DRAM shortage crisis. In short, the demand for essential components from AI-based data centers will increase the price of RAM, solid-state drives and processors by hundreds of dollars by the end of 2025.
Users can save some money on the Steam Deck OLED model by purchasing a certified refurbished unit from Valve while supplies last. A refurbished 512GB Steam Deck OLED will set users back $629, while a refurbished 1TB model will cost $759. While the Steam Deck is still cheaper than the ROG Xbox Ally X, the new price of the 1TB model makes it twice as expensive as its main competitor in the market, the Nintendo Switch 2. However, Nintendo will increase the price of the Switch 2 from $449 to $499 starting September 1st.
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The Steam Deck price hike also raises questions about how much the upcoming Steam Machine will cost. Although Valve has kept a tight lid on its upcoming system, Steam Machine is still on track to ship in 2026. How much the price of the Steam deck will affect the Steam Machine remains to be seen.
