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Urban Outfitters
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A sofa bed is a bummer to splurge on, but you're in luck, because there are options under $500 available. A lot of sofa beds in this low price range have poor reviews when it comes to comfort for sleep, but we've found some that really hit the mark.
A traditional sofa bed is a couch that can be converted into a bed, but the term is often used interchangeably with futons and sleeper sofas (sofas that have a hidden mattress). Futons simply fold out into a bed, and are easier to find in the under $500 price range. So we've found both sofa beds and futons that fit the bill.
If you have an upcoming overnight guest, it's time to invest in a sofa bed for your space. You can even up any sofa bed's comfort game by adding a mattress topper. Some sofa beds convert into chaise lounges or have special features like USB ports.
Below, shop the best sofa beds under $500 from Wayfair, Urban Outfitters, Amazon and more to add to your living room.
Urban Outfitters Netto Fold-Out Sleeper Sofa
Your overnight guest will feel snug as a bug on this simple sleeper sofa that comes in fun color options.
Better Homes & Gardens Nola Modern Futon
This futon with faux leather upholstery has a midcentury style.
Eafurn 3-in-1 Convertible Pull Out Sleeper Sofa
This petite corduroy couch for small spaces can be converted into a chaise lounge and a bed.
Upholstered Extendable Daybed With Trundle
Create a comfy spot with this pretty in pink sofa bed that also has a trundle.
Flexispot XCT4 Convertible Sofa Bed
This velvet sofa with pillows reclines and also turns into a bed.
Shoppers Say: "Love how easily this converts from couch to bed. The velvet fabric is super soft, and the adjustable angles make it great for lounging."
Shoppers Say: "The cushions are generously stuffed with high-quality filling, providing excellent support whether I'm sitting upright to watch TV or stretching out for a lazy afternoon nap. The backrest is ergonomically designed, perfectly aligning with my spine, relieving any strain."
Omorfo Sleeper Sofa
Snag this sofa with pillows that sleeps those who are up to 5'10" for the kiddos.
Shoppers Say: "It is firm, which we appreciated, and the mechanism to pull out to create a sleeper or lounger is super simple. Our kids love it!"
Mercer41 Sleeper Sofa
This velvet sofa with pillows has a three-level adjustable back, plus it features side pockets for your remotes and possessions.
3-in-1 Convertible Sleeper Sofa
This sleeper sofa with velvet upholstery has a handle on the side that transforms it into a bed.
Shoppers Say: "Perfect as a guest bed. Very comfortable compared to our old one. Looks nice and has a great size that fits two people and fits in a small space."
Comhoma Convertible Futon
Create an extra sleeping space with this uber-affordable courderoy futon that's super space-saving.
Dinosisco 3-in-1 Convertible Futon
This unique sofa bed even has a USB charge port, swivel phone stand, cup holders and side pocket so they can sleep easy.
Shoppers Say: "So far, the couch is a dream! Very comfortable and was extremely easy to put together. I had a previous one that I had to return because it was not of good quality and a lot more expensive. For the price, I am very much impressed with the quality."
Ebern Designs Convertible Sofa Bed
Get this sofa bed for small spaces. It converts into a single bed, a loveseat and a lounge chair.
Mainstays Memory Foam Futon
This cool futon with faux leather upholstery has a fold-down cupholder and a USB charging port.
Shoppers Say: "The memory foam cushioning is surprisingly comfortable for a futon at this price point. It offers a good balance between softness and support, making it suitable for both sitting and sleeping."
Also shop this Nordstrom sale that has deals starting at just $4.
How We Choose
The E! Insider Shop editors and writers search the internet to find the best products out there. We interview expert sources, comb through customer reviews, and use our own personal experiences to make shopping easier for our readers.
As an editorial team, we independently create content and determine coverage based on research, reporting and what we think our readers would like to read about. The goal of our content is to provide a service and inform readers who are on the hunt for the latest products to help make their life better. Items are sold by retailer, not E!. Pricing and availability are accurate as of publish time.
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