10 Best Sofa Bed for Under $500: Affordable Comfort and Style Options

Last Updated on August 21, 2025 by Cassie Moorhead

Finding a quality sofa bed under $500 can be challenging. Many affordable options offer both comfort and style.

Sofa beds are perfect for small spaces or when you need extra sleeping arrangements. They combine the functionality of a sofa and a bed, making them versatile furniture. This guide highlights some of the best sofa beds under $500. We feature options like the VanAcc Sleeper Sofa and the Vongrasig 77″ Pull Out Sofa Bed.

Each offers unique features such as storage, adjustable backrests, and stylish upholstery. Whether you prefer the classic look of linen or the modern appeal of faux leather, there’s something for everyone. By the end of this post, you’ll have a clearer idea of which sofa bed fits your needs and budget.

Vanacc Sleeper Sofa

The VanAcc Sleeper Sofa is perfect for those who are looking to maximize their living room space while maintaining style and functionality. Ideal for small apartments, studio dwellers, or anyone who frequently hosts overnight guests, this 2 in 1 pull-out couch bed offers both seating and sleeping solutions.

Pros:

• Space-saving design with pull-out functionality
• Built-in storage chaise for added convenience
• Elegant white Sherpa fabric enhances any decor
• Durable construction from a trusted brand, VanAcc

Cons:

• May be too large for very compact spaces
• White Sherpa fabric may require frequent cleaning
• Heavier than average sofas, weighing 190 pounds

The VanAcc Sleeper Sofa boasts impressive features that make it a versatile addition to any living space. Its pull-out couch bed functionality allows users to effortlessly convert it from a stylish sofa to a comfortable bed, perfect for accommodating guests without sacrificing floor space. Additionally, the storage chaise provides a practical solution for storing blankets, pillows, or other essentials, keeping your room tidy and organized.

One of the standout features of this sofa is its elegant white Sherpa fabric, which adds a touch of sophistication to your home decor. The plush texture is both inviting and modern, making it a centerpiece in any room. Coupled with VanAcc’s durable construction, this sofa is designed to withstand the rigors of daily use while maintaining its aesthetic appeal. However, potential buyers should consider the weight and fabric maintenance to ensure it fits their lifestyle and space requirements.

To buy this product, click here.

Vongrasig 77″ Pull Out Sofa Bed

The Vongrasig 77″ Pull Out Sofa Bed is the perfect choice for individuals who are looking to maximize their living space without compromising on style and comfort. Ideal for small apartments, studios, or any small space, this versatile piece of furniture is designed for those who value functionality and aesthetics. Whether you’re a college student, a young professional, or anyone needing flexible furniture options, this L-shaped sofa couch offers a brilliant solution.

Pros:

• Convertible design allows for easy transformation from sofa to bed.
• Built-in storage helps in organizing and saving space.
• Stylish black color complements various interior designs.
• Compact dimensions are perfect for small spaces.

Cons:

• Heavy weight might make moving the sofa challenging.
• Limited sleeping space may not be suitable for taller individuals.

The Vongrasig 77″ Pull Out Sofa Bed boasts a smart convertible design that seamlessly transforms from a chic L-shaped sofa to a comfortable bed, making it perfect for hosting overnight guests or enjoying movie marathons. Its built-in storage compartment provides ample space for storing blankets, pillows, or any other essentials, ensuring your living area remains tidy and clutter-free.

With its sleek black color, this sofa bed effortlessly blends into any decor, offering a touch of sophistication to your living space. Despite its compact dimensions, the sofa doesn’t compromise on comfort, providing a cozy seating or sleeping experience. Whether used as a primary seating arrangement or an occasional guest bed, this convertible sofa is designed to meet your dynamic lifestyle needs while maintaining a stylish presence.

To buy this product, click here.

Amada Homefurnishing Futon Sofa Bed

The AMADA HOMEFURNISHING Futon Sofa Bed is the perfect choice for individuals living in small spaces such as apartments or dorms, as well as those who need a versatile piece of furniture for their living room or office. This convertible futon sofa is ideal for anyone seeking a stylish yet functional addition to their home, offering both seating and sleeping options.

Pros:

• Adjustable Backrest & Armrests allow for customizable comfort.
• Convertible design makes it easy to switch from a sofa to a bed.
• Corduroy fabric provides a stylish and modern look.
• Compact size is perfect for small spaces.

Cons:

• White color may require frequent cleaning to maintain appearance.
• At 72.5 pounds, it may be heavy for some users to move alone.

The AMADA HOMEFURNISHING Futon Sofa Bed features an adjustable backrest and armrests, allowing users to tailor their seating experience to their preferences. Whether you want to sit upright or recline comfortably, this futon offers the flexibility needed to suit any situation. The convertible design is particularly beneficial for those who frequently host guests, as it easily transforms into a bed for a restful night’s sleep.

Another standout feature is the corduroy fabric, which not only adds a touch of elegance but also ensures durability and comfort. The compact dimensions of this futon make it an ideal choice for those dealing with limited space, without compromising on style or utility. Its white color complements various interior decor styles, providing a chic and clean aesthetic that enhances any room.

To buy this product, click here.

Shahoo Modern Linen Upholstered Convertible Folding Futon Sofa Bed

The Shahoo Modern Linen Upholstered Convertible Folding Futon Sofa Bed is an ideal choice for individuals seeking versatile and space-saving furniture for their living room. This product is perfect for urban dwellers, college students, or anyone looking to maximize functionality in a limited space. If you appreciate modern design and require a piece that can easily transition from a sofa to a bed, this futon sofa bed is for you.

Pros:

• Convertible Design: Easily transforms from a sofa to a bed.
• Removable Armrests: Allows for customizable comfort.
• Metal Legs: Provides sturdy support and modern aesthetic.
• 2 Cup Holders: Convenient for holding drinks while relaxing.

Cons:

• Weight: At 73 pounds, it might be heavy for some to move alone.
• Size: May not be suitable for larger living spaces.

The Shahoo Modern Linen Upholstered Convertible Folding Futon Sofa Bed stands out with its dark black color, making it a sleek addition to any living room decor. Its dimensions of 65.0 inches in length and 32.0 inches in width ensure that it can fit comfortably in compact spaces, offering a stylish and functional seating solution. The removable armrests are a clever feature for those who prefer an open seating arrangement, enhancing the user’s comfort and flexibility. Best Sofa Bed for Under 500

Beyond its aesthetic appeal, the metal legs lend a contemporary feel while ensuring durability and stability. This futon is not just about looks; it’s about practicality too. The inclusion of 2 cup holders is a thoughtful addition for those who enjoy lounging with a beverage. Whether you’re hosting guests or enjoying a quiet night in, this sofa bed adapts to your needs, providing a comfortable spot for sitting, reclining, or sleeping.

To buy this product, click here.

Best Choice Products Linen Upholstered Modern Convertible Folding Futon Sofa Bed

The Best Choice Products Linen Upholstered Modern Convertible Folding Futon Sofa Bed is perfect for those living in compact spaces such as apartments, dorms, or bonus rooms. If you’re looking for a versatile piece of furniture that combines both functionality and style, this is the ideal choice. With its sleek gray color and modern design, this futon sofa bed can easily complement any interior decor, making it a great addition for anyone needing a comfortable seating solution that can also double as a bed.

Pros:

• Convertible design allows for easy transformation from sofa to bed.
• Removable armrests for customizable comfort and style.
• Metal legs provide sturdy support and durability.
• Includes 2 cupholders for added convenience.
• Compact dimensions make it ideal for small spaces.

Cons:

• The futon may not be suitable for taller individuals when used as a bed.
• Assembly required, which might be challenging for some users.

One of the standout features of this futon sofa bed is its convertible design. This feature allows you to effortlessly switch between a comfortable sofa and a convenient bed, providing a practical solution for those who frequently host overnight guests or simply need a place to relax. The removable armrests add an extra layer of versatility, enabling users to customize their seating experience based on their preferences.

The incorporation of metal legs ensures that this piece remains sturdy and durable, even with regular use. Additionally, the inclusion of 2 cupholders is a thoughtful touch, offering a convenient place to keep drinks within reach without the need for additional side tables. With its compact dimensions, this futon is an excellent choice for those who need to maximize their living space without sacrificing style or comfort.

To buy this product, click here.

Best Choice Products Faux Leather Upholstered Modern Convertible Futon

The Best Choice Products Faux Leather Upholstered Modern Convertible Futon is the perfect solution for individuals seeking a versatile and stylish piece of furniture. Ideal for small apartments, dorm rooms, or guest rooms, this futon is designed for those who appreciate the combination of contemporary design and functionality. If you are someone who needs a space-saving sofa that can easily transform into a bed, this product is an excellent choice for you.

Pros:

• Convertible design offers flexibility between a sofa and a bed
• Removable armrests for customizable comfort
• Modern faux leather finish adds a sleek touch to any room
• Compact dimensions suitable for small spaces

Cons:

• Limited color options may not suit all décor styles
• Assembly required, which could be challenging for some

The convertible feature of this futon allows it to serve dual purposes, making it a practical addition to any living space. During the day, it functions as a comfortable sofa, providing ample seating for you and your guests. Come nightfall, the futon easily converts into a cozy bed, offering a convenient sleeping solution for overnight visitors. This adaptability makes it a valuable piece for those who entertain frequently or have limited space.

Constructed with a sturdy frame and upholstered in faux leather, the futon is not only durable but also easy to clean, maintaining its appearance over time. The inclusion of removable armrests further enhances its usability, allowing for a more tailored comfort experience. Whether you prefer a more open seating arrangement or need additional support while lounging, this futon can be adjusted to meet your needs. Its modern design ensures it will complement a variety of interior styles, making it a versatile choice for any home.

To buy this product, click here.

Yitahome 70″ Convertible Futon Sofa Bed

The YITAHOME 70″ Convertible Futon Sofa Bed is perfect for individuals seeking a versatile and durable piece of furniture. Ideal for small space dwellers, pet owners, and those who frequently host guests, this futon sofa bed offers both style and practicality. If you’re looking for a modern loveseat that seamlessly transitions between a cozy seat and a comfortable sleeper, this product is tailored for you.

Pros:

• Convertible Design allows for easy transition between sofa and bed.
• Cat-Scratch-Proof Fabric ensures durability for households with pets.
• Adjustable Backrest and Armrest offer customizable comfort.
• Modern Aesthetic fits seamlessly into living rooms and home offices.

Cons:

• Weight: At 81 pounds, it may be cumbersome to move frequently.
• Size: Not ideal for larger spaces seeking bigger seating options.

Designed with a modern aesthetic, the YITAHOME 70″ Convertible Futon Sofa Bed fits effortlessly into various settings, whether a living room or a home office. Its dark gray color complements a multitude of interior styles, from contemporary to minimalist. The adjustable backrest and armrest provide users with the flexibility to find their preferred lounging position, enhancing comfort during relaxation or work-from-home sessions.

The cat-scratch-proof fabric is a standout feature for pet owners, offering peace of mind against potential wear and tear. This durable material ensures the futon maintains its sleek appearance over time, making it a wise investment for families with furry friends. Additionally, the convertible design caters to those who frequently host overnight guests, offering a convenient solution without compromising on style or space.

To buy this product, click here.

3 In 1 Convertible Sleeper Sofa Bed

The 3 in 1 Convertible Sleeper Sofa Bed is perfect for those living in small spaces or anyone who frequently hosts guests overnight. It’s ideal for apartment dwellers, college students, or anyone looking for a versatile piece of furniture that offers comfort, style, and functionality without taking up too much room.

Pros:

• Space-saving design suitable for small living areas.
• Versatile functionality with reclining backrest and pullout bed.
• Modern velvet upholstery adds a touch of elegance to any room.
• Includes toss pillows for extra comfort and support.
• Convenient pockets for storing magazines or remote controls.

Cons:

• Limited seating capacity, suitable for small groups.
• Assembly required, which might be challenging for some users.
• Weight might be heavy for frequent moving or rearranging.

The 3 in 1 Convertible Sleeper Sofa Bed offers a unique blend of functionality and style, making it a valuable addition to any living space. Its reclining backrest allows you to adjust the seating position for optimal comfort, whether you’re lounging, sitting, or sleeping. The pullout bed feature is perfect for accommodating overnight guests, transforming a cozy loveseat into a comfortable sleeping space in seconds. Best Sofa Bed for Under 500

The modern velvet loveseat not only provides a chic aesthetic but also enhances the durability and comfort of the sofa. With dimensions tailored to fit snugly into smaller spaces, this piece ensures you don’t compromise on style or comfort due to space constraints. Furthermore, the included toss pillows and built-in pockets offer added convenience and comfort, making this sofa bed a practical choice for anyone looking to maximize their living room’s potential.

To buy this product, click here.

Shahoo Convertible Folding Futon Sofa Bed Sleeper Couch

The Shahoo Convertible Folding Futon Sofa Bed is an ideal choice for individuals who prioritize both style and functionality in their living spaces. This versatile piece of furniture is perfect for those living in small apartments or studio spaces where maximizing every square inch is crucial. It’s also an excellent option for frequent hosts who need an extra sleeping option for guests without compromising on space during the day.

Pros:

• Convertible design allows easy transition from sofa to bed.
• Faux leather upholstery adds a touch of elegance and is easy to clean.
• Removable armrests provide customizable comfort.
• Built-in cup holders enhance convenience and functionality.
• Sturdy metal legs ensure durability and support.

Cons:

• Limited color options, only available in black.
• Assembly required, which might be challenging for some users.
• Firm seating, which may not suit everyone’s comfort preference.

The Shahoo Convertible Folding Futon Sofa Bed offers a blend of style and functionality with its faux leather upholstery, which not only looks sophisticated but is also easy to maintain. The removable armrests enhance the versatility of this piece, allowing users to configure it according to their comfort needs. Whether you’re lounging with a book or accommodating overnight guests, this futon adapts seamlessly to your lifestyle.

Measuring at 65 inches in length, this loveseat comfortably fits into compact spaces without overwhelming the room. The built-in cup holders are a thoughtful addition for anyone who enjoys a beverage while relaxing, adding a layer of convenience to your living area. Supported by sturdy metal legs, this futon promises durability and stability, making it a reliable piece of furniture for any home.

To buy this product, click here.

Marsail Futon Sofa Bed

The Marsail Futon Sofa Bed is perfect for individuals living in small apartments or those looking to furnish a study room or office with a space-saving solution. Its convertible design makes it ideal for anyone who needs a versatile piece of furniture that can easily transition from a stylish couch to a comfortable sleeper.

Pros:

• Adjustable backrest and armrests for customized comfort
• Compact design perfect for small spaces
• Convertible functionality for dual use as a sofa and bed
• Stylish corduroy fabric in a versatile grey color

Cons:

• May not be suitable for taller individuals due to dimensions
• Assembly required, which might be challenging for some users

The Marsail Futon Sofa Bed features an adjustable backrest and armrests, allowing users to customize their seating or sleeping positions for maximum comfort. This feature is particularly beneficial for those who enjoy lounging or need a quick nap during their busy day. Its corduroy fabric not only adds a touch of elegance to any room but also provides a soft, inviting texture that enhances the overall comfort of the furniture.

Designed with small spaces in mind, this futon couch fits seamlessly into compact living areas without overwhelming the space. Its convertible nature allows it to transition effortlessly from a chic sofa to a spacious bed, making it an excellent choice for apartments or offices where space is at a premium. The grey color offers a neutral palette that complements a wide range of interior designs, ensuring that it blends well with existing decor while providing a practical seating and sleeping solution.

To buy this product, click here.

Frequently Asked Questions

What Is The Best Sofa Bed Under $500?

The VanAcc Sleeper Sofa stands out for its storage and comfort. It’s a 2-in-1 pull-out couch bed with a storage chaise. This makes it an excellent choice for living rooms. Its white Sherpa design adds a stylish touch to any space.

Does The Vongrasig Sofa Bed Have Storage?

Yes, the Vongrasig 77″ Pull Out Sofa Bed features convenient storage. It’s L-shaped and convertible, perfect for small spaces. This makes it ideal for apartments or living rooms. Its sleek black design offers both style and functionality.

Can The Amada Sofa Bed Fit In Small Spaces?

Absolutely, the AMADA HOMEFURNISHING Futon Sofa Bed is designed for small spaces. It features an adjustable backrest and armrests. Its compact design suits living rooms or offices. The corduroy material adds a touch of elegance.

Is The Shahoo Futon Sofa Bed Durable?

Yes, the Shahoo Modern Linen Upholstered Futon Sofa Bed is durable. It includes removable armrests and metal legs for stability. It’s perfect for living rooms, offering both style and functionality. Additionally, it features two cup holders for added convenience.

What Features Does The Best Choice Products Futon Offer?

The Best Choice Products Futon Sofa Bed is modern and versatile. It has a folding design with removable armrests. Metal legs provide sturdy support, and it includes two cup holders. It’s perfect for compact spaces like apartments or dorms.

Is The Yitahome Futon Sofa Bed Pet-friendly?

Yes, the YITAHOME 70″ Convertible Futon Sofa Bed is cat-scratch-proof. It’s perfect for pet owners. The adjustable backrest and armrests enhance comfort and functionality. It’s a modern loveseat sleeper, ideal for living rooms or home offices.

Conclusion

Choosing the best sofa bed for under $500 is no easy task. With careful consideration, you can find comfort and style on a budget. Each option we’ve explored offers unique features. Storage, adjustable backrests, and removable armrests enhance functionality. Whether you prefer a modern look or cozy fabric, there’s something for everyone. View More The 10 Best Sofas for Under $1000: Top Affordable Picks for Every Space.

Think about your space and your needs. Do you need extra storage? A pull-out bed for guests? Or perhaps a compact design for a small apartment? These sofa beds offer versatility, making them great for various living spaces. It’s important to balance comfort with practicality.

Remember, a good sofa bed not only saves space but also adds to your home’s decor. Affordable options mean you don’t have to compromise on quality. By investing wisely, you can enjoy both comfort and convenience. So, explore these options and find the perfect sofa bed for your home.