The men's K-1 500 metres event was an individual kayaking event conducted as part of the Canoeing at the 1984 Summer Olympics program.
The 19 competitors first raced in three heats on August 6. The top three finishers from each of the heats advanced directly to the semifinals with the rest competing in the repechages.
Taking place on August 6, the top four finishers from each repechage advanced to the semifinals.
The top three finishers in each of the three semifinals (raced on August 8) advanced to the final.
The final was held on August 10.