10 Sleeper Sofas Under $500 We Love

Sarah Lyon
Sarah Lyon
Sarah Lyon is a freelance writer based in New York City who covers interior design and lifestyle content. She is constantly on the hunt for eye-catching pieces to add to her space and believes that a home is never truly finished being styled.
Nancy Mitchell
Nancy Mitchell
As a former Senior Writer at Apartment Therapy, Nancy split her time among looking at beautiful pictures, writing about design, and photographing stylish apartments in and around NYC.
Sarah M. Vazquez
Sarah M. VazquezCommerce SEO Editor
For the past 8 years, I've covered all things shopping. My work's been published by Hearst, PureWow, and Bauer Media Group. I'm a Brooklyn-born Jersey Girl (with a BA in English from Montclair State University) who loves a good playlist, a good bagel, and my family (but not necessarily in that order).
Haley Lyndes
Haley LyndesCommerce SEO Writer
I'm the SEO writer for both Apartment Therapy and The Kitchn. I'm passionate about interior design, decor hacks, finding comfortable bedding (since she sleeps hot), and starting my day with a warm cup of coffee. My work has been featured in BuzzFeed, PopSugar, Travel + Leisure, and other publications.
updated Dec 4, 2025
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A living room featuring a blue sofa

Here at Apartment Therapy, we’re all about helping you find the perfect furniture, especially when it comes to sofas. We’ve already covered the best sofas under $500, but did you know that you can also get a nice sleeper sofa for under $500? We know it sounds too good to be true, but it turns out it is true — and you won’t even have to sacrifice on looks, either.

What to Look For in a Sleeper Sofa

Not all sleeper sofas are created equal, and shopping for a sleeper sofa requires different considerations than shopping for a traditional couch. Sleeper sofas are versatile, and offer a great solution for hosting guests from out of town or for sleepers for your kids, especially if you don’t have a guest room. You can even put a sleeper sofa in an office for added functionality.

Make Sure the Sleeper Mechanism Moves Smoothly

Sleeper sofas may look like a traditional couch, but they have a built-in mattress. When the sleeper sofa is fold out, the sofa’s arms and back function like a headboard. One of the most important thinks to look for while shopping is how the mechanism functions.

Our former style editor got some excellent advice for buying a sleeper sofa from Interior Define’s former Chief Merchandising Officer Christina Holland.

“Make sure that the lifting of the sleeper in and out is smooth,” says Holland. “If you can’t try before you buy, tap into furniture sites with in-depth product videos online.” If a sleeper sofa is difficult to use, chances are you won’t use it.

Measure Your Space and the Sleeper Carefully

Consider what you intend to use it for and how often so you can make sure to purchase the size that best suits your needs as well as your space. “Make sure the depth and width of the sofa is smaller than your doorway so you can get it in,” says Holland. Sleeper sofas range in size from twin to king, so measure how much space you have available as well as what size you need.

Budget is another important consideration, and if you’re shopping for a sleeper sofa under $500, your options are fewer than if money was no object. However, you can still get a great one for an affordable price if you take your time, read reviews, and try it out in person whenever possible before buying a sleeper sofa.

The Best Sleeper Sofas Under $500

Buying a sofa is a big deal, so we know you want to find the right pick for you. We’ll be honest: These sofas are probably not the best choice for sleeping on every night (for that, you’ll want a chic bed with a proper mattress). However, if you’re someone who has guests often and you want to provide them with something more comfortable than an air mattress to crash on, these are all excellent options.

Check out 10 of our favorite stylish sleeper sofas under $500 below that’ll help you create the perfect inviting space for you and your guests.

Mistana Aria Upholstered Round Arm Sleeper
$739$93

This wallet-friendly Wayfair find comes in several different colors and looks more like a traditional sofa than some other sleeper options. The rounded arms and high back give it a cozy feel, so you’ll want to curl up in it by day — and your friends might be surprised to learn that your living room secretly doubles as your guest room by night!

$93 at Wayfair
From our partner
Combination Sofa High Rebound Density Sponge Sofa Couch
$1,000$460

We’re big fans of the budget-friendly (but lesser-known) brand PrimyHome, and this sponge sofa bed is no exception. While this sofa typically comes in at just under $1,000, right now it's $540 off. Bonus: It comes in nine chic shades, like pumpkin brown and olive green.

$460 at Primyhome
Convertible Sleeper Sofa Bed
$500$234

Striking the ideal balance of modern design and approachable comfort, this sleeper sofa is easy to convert into a bed, and the backrests can be adjusted to three different positions. Its soft, plush velvet gives a luxurious feel without a luxury price tag, and it comes in four eye-catching colors.

$234 at Walmart
SKÖNABÄCK Sleeper sofa
$499

There's more to this compact sleeper sofa from IKEA than meets the eye: not only does it easily convert into a twin bed, but it also has hidden storage for guest bedding and any other items you need to stow away. The adaptable armrest can be placed on either side, and the durable cover has a soft, cozy feel.

$499 at IKEA
Mopio Futon Sofa Bed
$329$28713% off

This Amazon gem is both affordable and seriously good-looking. The pink hue offers a contemporary pop of color, although the overall look leans more mid-century, thanks to the boxy shape and wood legs. And how nice does that chevron stitching look?

$287 at Amazon
Grove Sleeper Sofa
$499$440

This cute and cozy loveseat packs a lot of punch without taking up a lot of space and comes in your choice of six chic upholstery options. Just remove the two back cushions and it effortlessly pulls out into a full-sized sleeper.

$440 at PB Teen
Yaheetech Pull-Out Sleeper Sofa
$300

This versatile sleeper sofa is a must-have if you want to maximize your space. It offers plenty of seating with its L-shaped design, and it even converts into a sleeper with a pull-out trundle underneath. The chaise portion opens up for extra storage, so it’s essentially a three in one — a sofa, guest bed, and storage solution!

$300 at Amazon
Better Homes & Gardens Porter Sleeper Sofa
$349$299

This mid century modern sleeper sofa from Walmart is a simple and straightforward pick. The backrest is adjustable, so you can move it into multiple positions depending on how you want to use it. This compact sofa offers a sleek and elegant look while remaining practical.

$299 at Walmart
Merax Leather Sleeper Sofa
$360

If you prefer the look of a boxy sofa with clean lines and you love the feel of leather, this modern oversized armchair may be the perfect fit for your small space. Available in five different colors and three sizes, this fun, yet functional, sleeper sofa is a total classic.

$360 at Amazon
Ashton Sleeper Sofa
$499$440

This curved back modern sleeper sofa is another one of our favorites, and it comes in six different colors including a plush sherpa faux fur. In general, compact picks like this one are ideal for small spaces thanks to their petite footprint. Place one of these in a bedroom, home office, sunroom, you name it!

$440 at PB Teen

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