Best Sofa Sets under $500

Our home is the place we love more than anything else in this world – it is our comfort zone, where we make most of our memories. Similarly, our home is where we love to decorate the most and make it look like a treasure. We try to make it look exceptional with high-quality, cozy, and comfortable furniture. Sometimes the budget can be tight, but that doesn’t mean we can not make our home look like a million-dollar space. so we filter out the best sofa sets under $500 for your ease.

When we get home after a long and tiring day, we always throw ourselves on our sofa sets in the living room to sense the comfort of home. That one throw releases all our stress in a snap, right? That is why our sofa set must be cozy, comfortable, and should not wear off after some time. Also, it should be budget-friendly too. Let’s say, under $500. 

We know that finding a sofa set that is economical yet exceptional can be tedious but not impossible. It might be possible that you have already paid frequent visits to furniture stores but did not like anything – or the ones you liked were way out of your budget. That is because you don’t know where to start. But don’t worry, we have got your back. In this article, we are reviewing and analyzing five best sofa sets under $500. All these sets are reliable, comfortable, graceful, and won’t be heavy on your pockets. Let’s dive into the reviews. 

Christopher Knight Home Nicole Fabric Settee, Dark Blue 

First on our list is this Nicole dark blue sofa by Christopher Knight. Christopher Knight is a company that is well-known for manufacturing high-quality and well-designed sofa sets for a long time, and this Nicole Dark Blue Sofa maintains the streak. If you are looking for the best sofa sets under $500, this should be one of your top considerations. 

This Nicole sofa is manufactured with settee material and is equipped with a button-tufted back and beautiful detailing and design. Its quality is incredible, and the design is classy. This sofa is a love seat and flexible enough to make space for three people. Additionally, the couch stays firm with four strong dark blue legs. With its outstanding design, dark blue color, and modern style, this love seat will surely enhance the dignity of your room while providing you with satisfaction.

Talking about the functionality, you will get all the coziness and comfort with its unique French colonialism design. The sofa does not have any handles or convertible features, but its durability and longevity are guaranteed. Also, with effortless and low maintenance, you can keep this sofa in top-notch condition for a long time. The best part, it falls under the $500 category; hence, super affordable.

Best Sofa Sets under $500
Christopher Knight Home Nicole Fabric Settee, Dark Blue


Product specs:

  • Includes: One (1) Settee 
  • Material: Fabric
  • Composition: 100% Polyester 
  • Leg Material: Birch 
  • Product Dimensions: 29.25 x 43.75 x 30.5 inches
  • Item Weight: 50.1 pounds
  • Material: Fabric

Key Features: Button-tufted back, space for three people, coziness and comfort, French colonialism design.

Pros Cons
Super affordable. No convertible features.
Sturdy and robust construction. Slightly smaller in size.
Sleek and modern design.  
Durable Fabric Material.  
French colonialism design.  

Safevieh Home Tribeca Glam Grey Velvet and Steel Sofa Bed 

Stevie has been producing high-quality and luxurious sofa sets for living rooms and bedrooms for a long time. All their sofas are manufactured with soft and sophisticated leather that provides you with class and comfort. This Safavieh Home Tribeca loveseat cum sofa bed with an urban touch is one of their modern classics. 

This glam grey sofa bed was made by keeping in mind the concept of the husband-wife duo. With its soft and elegant velvet fabric and glam grey color, this sofa bed will provide your bedroom or living room with a fresh and classy look. Furthermore, underneath the velvet, this sofa bed is crafted with durable eucalyptus wood. Also, this sofa requires minimal maintenance and is very easy to clean and assemble.

As the name implies, this is a sofa cum bed. It has a foldable design with planks of steel inside to fold. You can sit on the sofa while having your perfect cup of coffee and then instantly turn it into a bed and curl up with your favorite book. Moreover, it would be easy for you to manage with its foldable design when you have guests at home. The best part, it is affordable and falls under $500. However, the actual color of this sofa is different from the stock photos provided by the company.

Best Sofa Sets under $500
 Safavieh Home Tribeca Glam Grey Velvet and Steel Sofa Bed

Product Specs

  • Product Dimensions: 77.1 x 33.1 x 36.6 inches
  • Item Weight: 106 pounds
  • Fabric Type: Cotton
  • Form Factor: Loveseat, Sleeper
  • Assembly Required: Yes
  • Color: Beige
  • Material: Wood
  • Seating Capacity: 1

Key Features:  Manufactured with soft and sophisticated leather, soft and elegant velvet fabric, crafted with durable eucalyptus wood, foldable design.

Pros Cons
Extremely affordable. The actual color is different as compared to the pictures.
Luxurious and durable.  
Foldable Design.  
Easy to maintain and assemble.  

Novogratz Brittany Sofa Futon – Navy Linen 

Novogratz is a company handled by the husband-wife duo Courtney and Robert. For more than 25 years, they have produced impeccable furniture and houses with their fantastic architecture skills. This elegant Brittany Sofa Futon by Novogratz is also a masterpiece. Its foldable and multi-position design and its rigid construction make one of the best sofa sets under $500. Let us dive into its features and functions.

This Brittany sofa is equipped with a convertible feature; you can convert this sofa into a bed in minutes. It is that easy. Also, it has a reclined back and can be converted into two sections. You can have one part of the back stand up and the other part laid flat. With its convertible feature, it provides you with comfort and coziness when you come home after a hectic day of work. Furthermore, this sofa offers two extra feet when you convert it into a bed.

It is manufactured with a beautiful navy blue linen upholstery along with beautiful tufting details. The wooden legs are like the cherry on top. Moreover, the sofa can seat approximately four people. All in all, this sofa is incredible, with so many features to offer at an affordable price. The only drawback it has is that its armrests are way too thin. Other than that, it is an ideal option.


Best Sofa Sets under $500
Novogratz Brittany Sofa Futon – Navy Linen

Product Specs:

  • Material: Fabric
  • Color: Navy Blue
  • Form Factor: Sleeper
  • Item Dimensions: (LxWxH)(81.5 x 34.5 x 31.5) inches
  • Weight Limit: 600 lb
  • Item Weight: 84 pounds

Key  Features: Foldable and multi-position design, reclined back,  two extra feet when you convert it into a bed, seat is approximately for four people.

Pros Cons
Convertible. Armrests are too thin.
Beautiful Design.  
Durable and robust.  

Mozaic Cotton Twill Gel Memory Foam Futon 

If you are looking for a compact and budget-friendly options, then this Futon Mattress by Mozaic should be one of your top considerations. The best part, this convertible mattress cum sofa bed is equipped with a gel memory foam that allows you to stay calm when you are sitting on it even at the hottest of days. Also, this mattress sofa is manufactured in the US with high-quality materials. 

First, this mattress can fit in almost every futon frame, but you will have to purchase the structure separately. After combining with a futon frame, this mattress will provide you the comfort of a sofa and a bed. As mentioned above, it is equipped with a temperature-control gel memory foam and then covered with a cotton upholstery that is durable and comfortable, both.

Furthermore, this mattress has proved itself quite efficient in relieving pain and pressure. It is a great budget option when you are looking for something with optimal support and comfort. The best part, it is available in eight different colors, so you can choose the one that complements the best with your room. Additionally, the mattress is easy to clean and requires almost zero maintenance.

Best Sofa Sets under $500
 Mozaic Cotton Twill Gel Memory Foam Futon

Product Specs:

  • Construction Type: Foam Construction
  • Product Firmness: Medium
  • Thickness: 8 Inches
  • Weight: 68 pounds
  • Product Dimensions:  75 x 54 x 8 inches

Key Features:  Convertible mattress cum sofa bed, equipped with a temperature-control gel memory foam, covered with a cotton, efficient in relieving pain and pressure, eight different colors

Pros Cons
Convertible features. No futon frame included in the package, you will have to purchase it separately.
Pain and pressure relieving.  
Gel Memory Foam.  
Comfortable and durable.  

Fun Furnishings Micro Suede Sofa Sleeper with Pillows 

Fun Furnishings is a company this is producing kid’s beds and cribs since 1993. Recently, they launched a line of sofa sleepers, and this microsuede sofa sleeper is one of them. We can undoubtedly say that it is one of the best sofa sets under $500 with pillows included too. You can place this versatile and innovative sofa in your bedroom, living room, or child’s playroom.  

This sofa sleeper is made with 100% polyester and a removable zippered denim cover that is soft, comfortable, and easy to clean. Moreover, it is manufactured with a high-quality density foam, and this sofa can be converted into a bed in literally a matter of minutes. No worries if you have an unannounced guest at home; this sofa sleeper will always be at your service.

Additionally, this sofa sleeper by fun furnishings is exceptionally lightweight, hence, very portable. Also, it is available in eight different colors. However, the price varies with each color. Overall, this sofa sleeper is incredible, comfortable, durable, and we highly recommend it.

Best Sofa Sets under $500
Fun Furnishings Microsuede Sofa Sleeper with Pillows

Product Specs

  • Product Dimensions: (LxWxH)(25 x 20 x 39) inches
  • Color: Red
  • Material: Microsuede
  • Type: Sleeper
  • Seating Capacity: 2
  • Weight: 10 pounds
  • Assembled Height: 10 inches
  • Assembled Width: 10 inches
  • Assembled Length: 30 inches
  • Assembled Seat Height: 10 Inches

Key Features:  Pillows included too, removable zippered denim cover, high-quality density foam, convertible 

Pros Cons
Sofa cum bed. Different prices for different colors.
High-quality and durable.  

Wrapping Up 

You have probably gone through our top picks of the best sofa sets under $500. All these sofa sets mentioned above are reliable and comfortable and will surely save you a thousand bucks. 

So, which one did you choose? Do not forget to tell us; we would love to hear back from you. Happy Shopping! 

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