cheapest i5 6500 gaming pc

Solution
I've quickly thrown this together. Feel free to let me know if there's anything about it that you don't really like.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor ($191.91 @ Jet)
Motherboard: ASRock B150M-HDS Micro ATX LGA1151 Motherboard ($59.99 @ SuperBiiz)
Memory: Kingston ValueRAM 8GB (2 x 4GB) DDR4-2133 Memory ($43.50 @ Directron)
Storage: Sandisk SSD PLUS 240GB 2.5" Solid State Drive ($63.33 @ Amazon)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($49.78 @ OutletPC)
Video Card: Gigabyte GeForce GTX 1070 8GB Windforce OC Video Card...
I've quickly thrown this together. Feel free to let me know if there's anything about it that you don't really like.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor ($191.91 @ Jet)
Motherboard: ASRock B150M-HDS Micro ATX LGA1151 Motherboard ($59.99 @ SuperBiiz)
Memory: Kingston ValueRAM 8GB (2 x 4GB) DDR4-2133 Memory ($43.50 @ Directron)
Storage: Sandisk SSD PLUS 240GB 2.5" Solid State Drive ($63.33 @ Amazon)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($49.78 @ OutletPC)
Video Card: Gigabyte GeForce GTX 1070 8GB Windforce OC Video Card ($389.99 @ SuperBiiz)
Case: Corsair 100R ATX Mid Tower Case ($34.99 @ Newegg)
Power Supply: SeaSonic S12II 620W 80+ Bronze Certified ATX Power Supply ($49.99 @ B&H)
Total: $883.48
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-12-05 22:14 EST-0500
 
Solution


You have chosen a rather poor power supply. I don't recommend this build.

With a GTX 1070, you'll be able to game at 1440p 100Hz and have the GPU encode a live stream (1080p 30Hz) at the same time without stutter. You can't do that with a 1060.
 
Also, I noticed that you included the price of Windows in your build. I did not do that.

However, you can always just download Windows 10 using the Media Creation Tool and install it. You'll have 30 days to buy an activation code before it deactivates. This means that you can spend your budget on hardware and wait to buy Windows until you have the money (within 30 days) if you want.

Do note that Windows will continue to function after it deactivates and will still accept an activation code, but personalization and other nice features will be disabled until you enter a valid activation code. Yes, you can game without activating Windows.
 


If you go with the build I suggested, you'll kind of be stuck with the i5 6500 until you upgrade the motherboard. I couldn't fit an acceptable quality Z170 board and a GTX 1070 in your budget, so I went with the B150 chipset.

That board only has four VRMs and isn't suited for high wattage CPUs. I think that the i5 6600 (non-K) would be about the absolute limit of what the board can run smoothly. I wouldn't even try an i7 on that board, the HyperThreading would draw more power.

Besides, you'd need the Z170 chipset in order to take advantage of unlocked CPUs (i5 6600K and i7 6700K).

To sum this up, this is a great build for now. However, upgrading the CPU would require a motherboard upgrade as well. On the other hand, the i5 6500 will handle future games for a few years to come. I don't think you'll need a CPU upgrade until Skylake has already become obsolete.