The men's K-2 500 metres competition of the canoeing events at the 2023 Pan American Games was held on November 1 and 3 at the Laguna Grande in San Pedro de la Paz, Chile.

[1][2] The men's K-2 event was changed from 1000 metres, as it was contested during the previous games, to 500 metres.

[3] The best two score of each heat advance directly to the final, while the rest advance to the semifinal.

[4] The best four scores advance to the final.

[4] The results for the finals were as follows:[4]