8 Best Sleeper Sofa Under $500 | Affordable Pull-out Couches

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Do you need a new sleeper sofa in your place but are on a tight budget? Well, don’t worry, because, in this article, we are going to be providing you with a list of the 8 best sleeper sofas under $500 (willing to spend extra on quality stuff? check these under 1000$) that, despite their low cost, do not skimp on quality or comfort. With the help of this list, you would be able to find a sleeper sofa that is perfect for your place and according to your budget.

8 Best Sleeper Sofa Under $500

1. Milemont Memory Foam Sofa Bed- Inexpensive Sleeper Sofa

The first sleeper sofa on our list, that is high quality yet low cost, is the Milemont Memory Foam Sofa Bed. Firstly, this sofa bed features a thin layer of memory foam with soft leather upholstery that makes it quite comfortable to sit and sleep on. The sides of the sofa can rise up to form armrests when it is in its upright position for your comfort.

But if you need to seat more people, then you can pull the armrests down and get enough space for an extra person to sit comfortably. This sofa bed unfolds into a twin-sized bed which is perfect for a single adult to sleep on comfortably. And so, if you have a guest over for the night, then this can prove to be quite a handy and comfortable option. Also, the back of this sofa is divided into two parts that each move into the different reclining positions separately. And so, if there are two people seated on the sofa, they can set the recline position according to their preference without it affecting the other.

The sofa bed itself is quite lightweight, which not only makes the installation process much easier but also lets you move it around your house without much effort. And despite being lightweight, it is quite strong and sturdy. The sofa also has a modern and sleek appearance that is sure to elevate the look of any living room. And as it has PU leather upholstery, you can easily clean it and maintain its luxurious look.

Pros
  • Sleek design
  • High-quality leather
  • Space efficient
  • Soft and comfortable
  • Lightweight
  • Easy to set up
Cons
  • Padding dips in the middle
  • Seat low to the ground

And so, when it comes to a sleeping sofa that promises comfort and quality at a low price, the Milemont Memory Foam Sofa Bed is among the best options. Furthermore, it has various features like foldable armrests and individually reclining backs that further facilitate your comfort. And so all this is why this sofa bed makes our list for the 8 best sleeper sofa under $500.

2. Kodiak Aspen Futon Set – Inexpensive Sofa Beds

Another great quality sleeper sofa under $500 is the Kodiak Aspen Futon Set. One of the reasons for this is its thick mattress with Bonnell springs that makes this sleeper sofa extremely comfortable to lounge or sleep on. Furthermore, this sofa has three back settings which include it standing upright for the standard sitting piston, leaning back at 45 degrees for the lounging position, and completely back for the bed position.

It also has a space-efficient design due to which it can fit into the smallest living rooms. And yet, when you convert it into the bed position, it is spacious enough to accommodate two adults comfortably. Also, its sturdy build and the ability to withstand a weight of 250lbs further make it strong enough to accommodate two people. And so, this sofa is a great choice if you want to have a proper sleeping arrangement for any surprise guests that might stay the night but don’t have enough space for an extra full-sized bed.

The sofa has a simple yet stylish minimalist look and is available in multiple colors and patterns. And so you can get it in a color that perfectly complements your living room. The assembly process of the frame of this sofa bed is also relatively easy, although the mattress is quite heavy and so it can make setting it up slightly tedious. But the mattress makes up for this shortcoming by providing you with the utmost comfort whether you are using it to sleep or just to lounge on while watching the television.

Pros
  • Extremely comfortable
  • Enough for two adults to sleep
  • Multiple colors and patterns available
  • Sturdy frame
  • Lounge setting
  • Space efficient
Cons
  • Mattress is really heavy
  • Difficult to put back upright

And so we have placed the Kodiak Aspen Futon Set on our list for the 8 best sleeper sofas under $500 due to the comfort that it provides coupled with its strong and sturdy build. Furthermore, this sleeper sofa is quite space-efficient but big enough to let two adults sleep on it comfortably. It is also stylish, with a minimalist design that is sure to look good in any living room.

3. Novogratz Brittany Sofa Futon – Affordable Sofa Bed

An amazing low-cost sleeper sofa is the Novogratz Brittany Sofa Futon. This is because despite being low-cost, it is quite sturdy with high-quality linen upholstery. And because of its sturdy build and 600lb weight capacity, it can last for quite a long time without getting damaged in any way.

Furthermore, the cushions of this sofa have a thick polyester foam filling which makes them firm to provide great back support but not firm enough to be uncomfortable. Therefore if you have some back issues or like your bedding to be on the firmer side, then this sofa bed would be comfortable for you. But if you like softer and more plush bedding, then you can just place a mattress topper on it before sleeping. The sofa bed also has a split-back design, meaning that the back is split into two parts that recline independently of each other. This comes in handy when you have two people seated on the couch, and one wants to avail the lounge position while the other does not.

It is also a stylish couch that will look good in most living rooms, and with its space-efficient design, it is perfect for small homes and apartments. It is lightweight, which not only makes the assembly process much easier but also makes moving it around the house a less tedious process. And so if you are on a tight budget and looking for a well-functioning sofa bed, then this one would be perfect for you.

Pros
  • Stylish design
  • Sturdy frame
  • Low-cost
  • Easy to assemble
  • Space efficient
Cons
  • Cushion too firm for some
  • Material rough on the skin

The Novogratz Brittany Sofa Futon is one of the best sleeper sofas under $500 because of its sturdy build and great quality upholstery. It also has a sophisticated design that is able to elevate the look of any living room. Converting this sofa into a bed is also quite easy as you just need to pull the back forward a little bit to unlock it and then let it fall back, perpendicular to the floor. And as it is space-efficient, it can be a great option for those looking for a small multipurpose sofa bed.

4. Best Choice Products Faux Leather Upholstered Folding Futon – Best Budget Sleeper Sofa

The Best Choice Products Faux Leather Upholstered Folding Futon is another great sleeper sofa that you can get for under $500. One of the best qualities of this sofa bed is that it has an armrest in the middle, which has built-in cup holders. This armrest can be folded up into the back of the sofa if you wish to have more seating space or want to convert it into a bed. The armrests on the sides of the sofa are also removable, which again comes in handy when you convert this sofa into a bed.

Furthermore, this sofa has a sleek and modern appearance because of which it can look good anywhere you place it. And with its faux leather upholstery makes it waterproof and quite easy to clean, letting you maintain its stylish appearance without a lot of work. It is also quite durable with its sturdy build with a weight capacity of 500lbs. It has three adjustable positions, and so, along with the standard upright and the bed position, the back can also be tilted back into the lounge position for extra comfort.

It is also space-efficient and so if you live in a small place and don’t have a lot of space for a standard full-sized couch, then this one would be a great option for you. And as it can be converted into a bed, it further helps you save space that an extra guest bed would have taken. It is also quite lightweight, and so you can easily move it around your house if you want to set up the bed in a different room.

Pros
  • Durable
  • Low-cost
  • Cup holders in the armrest
  • Space efficient
  • Sleek appearance
  • Easy to assemble
Cons
  • Cushions too firm
  • Less sleeping space for tall people

The Best Choice Products Faux Leather Upholstered Folding Futon is an extremely low-cost sleeper sofa that is perfect for those on a tight budget. With its stylish look and space-efficient design, it can easily fit in a small living room or an office and elevate the look of the whole room. It also has a sturdy build and can withstand up to 500lbs. And so, all this is why we have placed this sofa bed on our list for the 8 best sleeper sofas under $500.

5. DHP Ivana Futon – Cheap Sleeper Couch

The next sofa bed on our list that is quite a low cost despite quite high quality is the DHP Ivana Futon. Due to the high-quality frame of this sofa bed, it is extremely sturdy and durable. It also has a soft velvet upholstery that feels wonderful against your skin. Furthermore, it has a beautiful bright yellow color and a gorgeous vintage design that can elevate the look of any living room.

Although, if you wish to get one in a different color, then there are 10 different color options for you to choose from. It also has three back positions, the standard upright one, the lounge one, and the bed one. This is why if you just wish to kick back and relax while watching a movie or reading a good book, then this sofa caters to your needs. And as it has a split back, you can easily set the back of your part in any position you want without it affecting the person seated next to you.

This sofa bed is also quite lightweight, which makes it easier for you to move it to a different room when you want to convert it into a bed. And, through this, you can ensure that your living room does not look cluttered when you want to provide an extra sleeping area for a guest. Furthermore, the feet of the sofa have padding underneath them, and so when you are moving it from place to place, it does not scratch your floors or leave any sort of marks on them.

Pros
  • Soft velvet upholstery
  • Durable
  • Good looking
  • Lightweight
  • Padding under feet
  • Easy assembly
Cons
  • Firm cushions

And so when it comes to a great sofa bed at a low price, then DHP Ivana Futon is one of the best options. Not only is this sofa good-looking with its vibrant and high-quality velvet upholstery, but it is also durable. Furthermore, Its lightweight build and padded feet make moving it an easy feat. And so we have placed this sofa bed on our list for the 8 best sleeper sofas under $500.

6. DHP Emily Futon – Inexpensive Pull Out Couch

Another great sleeper sofa that you can get for under $500 is the DHP Emily Futon. This sofa bed has an elegant minimalist design with faux leather upholstery that looks great no matter where you put it. It is also quite space-efficient and a great choice for those who live in smaller places and have limited space for furniture.

Also, its lightweight build makes the assembly process much easier. Furthermore, as it is lightweight, you can move it around your house quite easily. And despite being lightweight, it is also quite durable with its sturdy frame and chrome metal legs. And as it is also able to withstand up to 600lbs, this sofa bed is sure to last a long time even with constant use. This sofa bed also comes in eight different colors and upholstery, which includes velvet and linen along with faux leather. And so you can pick one that best suits your aesthetic.

Another great thing about this sofa bed is that along with the upright back position for sitting and the down bed position; it also has a lounge position. This position lets you lean back and relax without having to completely convert the soda into a bed. The split-back feature of this sofa bed also comes in handy for this position. This is because as the back is divided into two parts that recline individually from each other, you can lean your half of the soda back without disturbing the person sitting next to you.

Pros
  • Space efficient
  • Clean and modern look
  • Extremely low cost
  • Lightweight
  • Sturdy
  • Easy to set up
Cons
  • Very firm padding
  • Material slightly difficult to clean

And so, when it comes to a great-looking and durable sofa bed at a very low price, then the DHP Emily Futon is among the best options. Furthermore, its lightweight build lets you move it from room to room without a lot of effort. And its space-efficient design makes it great for smaller, more cramped rooms. Therefore, all this is why we have placed this futon on our list for the 8 best sleeper sofas under $500.

7. VICTONE Futon Sofa Bed – Sofa Bed Low Price

If you are looking for a sleek-looking couch that can double into a bed and is budget-friendly, then the VICTONE Futon Sofa Bed would be a great option for you. With its faux leather upholstery and stylish design, it gives a modern and sophisticated look to any room it is placed in. Furthermore, it comes in four different colors so that you can pick one that best suits your living room.

It also has an armrest in the middle with two built-in cup holders, which is perfect for holding your drinks during movie nights. And if you want more seating space or want to convert it into a bed, then you can lift this armest and fit it up into the back of the sofa. Furthermore, it has comfortable armrests on either side which are not fixed to the frame and therefore can be removed when converting the sofa into a bed.

The sofa bed also has a recline position in addition to the standard upright and the bed one to further make relaxing on it easier for you. And as this sofa bed has smooth PU leather upholstery, it is waterproof and extremely easy to clean. The high-density sponge inside the cushions makes this sofa firm yet quite comfortable to sleep or sit on. Also, as it has a space-efficient design, this sofa bed can easily fit into a small and cramped living room.

Pros
  • Attractive
  • Easy to assemble
  • Sturdy
  • Low cost
  • Cup holders in the middle armrest
  • Removable armrests
Cons
  • Slightly low to the ground
  • Armrests not held in place

We have placed the VICTONE Futon Sofa Bed in our list for the 8 best sleeper sofas under $500 because of its comfortable upholstery and stylish appearance. This sofa bed also has a foldable middle armrest with cupholders which provide you with a secure place to put your drinks without the danger of spilling them. Also, it is extremely low cost and therefore a great option for those on a tight budget.

8. Novogratz Tallulah Memory Foam Futon – Best Affordable Sofa Bed

The last sleeper sofa on our list is the Novogratz Tallulah Memory Foam Futon. With its velvet upholstery and thick high-density foam, it is firm yet quite comfortable to sleep or sit on. And as it has six wooden legs, it is quite stable even when unfolded into the bed position. This eliminates the slight shaking at every movement that you can feel in many other futons.

It is also quite stylish looking with a vintage design and comes in six different colors letting you pick one in the color that perfectly compliments your room. And as it is quite lightweight, its assembly process and moving it around the house much is easier. But still, it is quite durable with a sturdy frame and high-quality upholstery and is able to withstand up to 600lbs.

Furthermore, it also has a 45 degree back recline option along with the standard bed position, which is great for when you just want to relax on the couch without converting it completely into a bed. It also has a space-efficient design that lets it fit well in small rooms, but despite that, it is long enough to sleep an average-sized adult with ample room for a more comfortable experience.

Pros
  • Stylish
  • Comfortable
  • Sturdy
  • Easy to assemble
  • Lightweight
Cons
  • Shade slightly different from pictures

And so the Novogratz Tallulah Memory Foam Futon makes our list for the 8 best sleeper sofas under $500 due to its gorgeous design and comfortable padding. Furthermore, it is quite stable, and with its sturdy frame, it is also quite durable. Also, it is space-efficient making it a great option for those living in small places, yet it is long enough to comfortably accommodate a normal-sized adult.

FAQs

What should I look for when buying a sleeper sofa?

When buying a sleeper sofa, you need to make sure that it is comfortable enough to sit as well as sleep on. Also, you need to make sure that it has a sturdy build and is durable enough to last you a long time without breaking or getting badly damaged in any way. Furthermore, as sleeper sofas are usually used to conserve space, make sure that the one you are getting has a space-efficient design, especially if you live in a small place.

Are sleeper sofas worth it?

Yes, sleeper sofas are worth it because they provide you with an extra sleeping area for any guests that might be staying over at your house. This makes them quite space-efficient because when not in use, sleeper sofas can act as a stylish couch for your living room, but when needed, they can unfold into a bed that accommodates one or two adults comfortably. And so you are able to save extra space that might have been used up by an extra guest bed.

Wrapping Up

Good quality sleeper sofas are usually quite costly, and if you are on a tight budget, then it can be quite difficult to find one that is not only comfortable but also durable. And so, to make this process easier for you, we have provided you with a list of the 8 best sleeper sofas under $500 that guarantee quality without breaking your budget. And from the sleeper sofas mentioned above, our top three picks are as follows:

  • Milemont Memory Foam Sofa Bed. For its comfort, lightweight build, sleek design, and easy assembly.
  • Novogratz Brittany Sofa Futon. Because of its stylish design, easy assembly, durability, and space efficiency.
  • Best Choice Products Faux Leather Upholstered Folding Futon. Due to its durability, low cost, easy assembly, sleek appearance, and foldable armrest with cup holders.

And so, when it comes to low-cost sofa beds that are easy to assemble, durable, stylish looking, and space-efficient, these ones are among the best you can find.

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