The men's 500 metres speed skating competition for the 2006 Winter Olympics was held in Turin, Italy.

The competition consisted of two separate 500 metre races, with the competitors ranked by their cumulative time from the two races.

[1] Prior to this competition, the existing world and Olympic records were as follows.

500 meters (1 race) 500 meters x 2 (2 races) No new world or Olympic records were set during this competition.

Skater with first inner lane listed first The ten fastest times are listed Skater with first inner lane listed first