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Learning physical properties of a quantum system is essential for the developments of quantum technologies. However, Heisenberg’s uncertainty principle constrains the potential knowledge one can simultaneously have about a system in quantum theory. Aside from its fundamental significance, the mathematical characterization of this restriction, known as ‘uncertainty relation’, plays important roles in a wide range of applications, stimulating the formation of tighter uncertainty relations. In this work, we investigate the fundamental limitations of variance-based uncertainty relations, and introduce several ‘near optimal’ bounds for incompatible observables. Our results consist of two morphologically distinct phases: lower bounds that illustrate the uncertainties about measurement outcomes, and the upper bound that indicates the potential knowledge we can gain. Combining them together leads to an uncertainty interval, which captures the essence of uncertainties in quantum theory. Finally, we have detailed how to formulate lower bounds for product-form variance-based uncertainty relations by employing entropic uncertainty relations, and hence built a link between different forms of uncertainty relations.