Peloton is refreshing its machines for fall 2026, and this time it's going all-in on treadmills with three different Tread models aimed at three different tax brackets/ types of runner. I briefly got to see the Tread Vision in person during IFA in Berlin, but Peloton didn't have the $2,195 Tread Flex on display then. While the two pricier models (the $3,495 Tread Vision and $6,695 Tread+ Vision) may tempt more road-hardened runners thanks to their bigger screens, sturdier running decks and new running analysis feature, it's the Tread Flex that's the most interesting proposition for rookies like me. 

The Tread Flex is the company's cheapest-ever treadmill, with its debut Tread launching for around $4,000 over 8 years ago. It's also the first one that can fold up, vertically, making it roughly half the footprint of other treadmills. It's also mounted on wheels so it can be moved around and repositioned, with a two-step release to gradually lower the running deck and a locking pin to prevent it from falling open when stored upright.

Peloton claims the Flex will still run relatively quietly, outputting 70 dB at 12.5 mph at max speed. However, that number is someone running on it, which, as anyone who's lived with someone who uses a treadmill at home will tell you, is where most of the noise is made.

While it may be a cheaper treadmill, the Tread Flex doesn't appear to have been too compromised. It still has a pivoting screen, which is smaller than the 23.8-inch screen on the Tread Vision models. The Tread Flex has a 21.5-inch Full HD screen, like the company's older treadmills. It doesn't have the built-in Sonos speakers of its pricier siblings, either.

While it lacks the camera that Peloton's added to pretty much all its newest fitness equipment, the Flex will still have access to Peloton IQ for training scheduling, feedback and coaching. This will include personalized Pace targets (levels 1–10) and heart-rate zone training, specifically at the challenging Zone 2 area. That last bit was one of the top requests from Peloton's devoted user base. 

Peloton's IQ Pace targets will assess your recent running performance — it needs to monitor 10 running workouts first — before recommending personalized custom pace range adjustments.

Another cool feature coming to the Tread series are ReRuns, which grant the ability to transfer a run that you've tracked with either Peloton's app or your Apple Watch and map it to the Tread. It will  mimic things like degrees of elevation as you tackle the route again.