One of the ironclad tenets of small space living is that is always worth it to find furniture that's multi-purpose. Pieces that are versatile enough to either provide at least two functions in one object, or the ability to adapt from day to day, depending on the situation. When your small space needs are specific, it's can be worth it to DIY for a custom solution that's tweak-able and a real improvement on what's available in stores.
A console combined with storage bins would be perfect for an entryway to store gear and accessories when you walk in the door. Martha Stewart has the instructions to make this industrial-style version.
Take some creative inspiration from La Delicate Parenthese, who hacked this IKEA piece into a storage unit and planter.
Kari Jensen's St. Paul home includes this pallet bench for lounging. Magazine and book storage is built right in.
This plywood daybed from The Merry Thought can be both sofa and sleeping spot in small studio apartments. Add a trundle and it's value increases even more.
Above, VT Wonen shows you how to make an all-in-one DIY headboard, room divider, and storage unit. On wheels, you can place it in different spots around the room, which makes it versatile on top of everything else.
This S-shaped table from Kristi Murphy also has space for books when its vertical. Flop it on its side and it becomes a magazine rack. It's also a surface no matter what.
This bench from Monsters Circus is not only a great way to reuse a pallet, it's also seating and planters to boot.
Leah Ring made most of the decor in her Culver City home, including this combined headboard and nightstand.
turned a wooden fruit crate into functional furniture for her outdoor space. It's both coffee table, storage, and even seating if needed.
Metal and wood tubing is threaded through some storage boxes in this project from VT Wonen, creating a night table meets floor lamp combination.