Maximize Your Sleep Space With the Best Storage Beds Under $500

updated Jan 24, 2024
We independently select these products—if you buy from one of our links, we may earn a commission. All prices were accurate at the time of publishing.
Post Image
Credit: Lauren Kolyn

Looking for more small-space solutions? Check out our Big Shopping Guide for Small-Space Living, which is packed with our favorite furniture, decor, hacks, and organizing and storage finds for maximizing every inch of every area of your home.

If there’s one thing that small-space dwellers know, it’s this: you have to make the most of your storage space. In many cases, this also means getting creative with where you place your storage, whether that involves going vertical, rethinking the roles of certain pieces of furniture, or investing in under bed storage. Now, we all know how vital the space under your bed is for storage, so why not pick up a bed equipped with everything you need to organize your belongings from the get-go? That’s why we love a good storage bed. Even better? One that doesn’t break the bank. Below, we rounded up 12 of the best storage beds under $500 that’ll help you maximize even the smallest sleep space and look good while doing it.

Have an affordable storage bed you swear by? Tell us about your favorite find in the comments below!

Note: All prices listed are for Queen size. 

1 / 12
Bed Bath & Beyond
$296.09

Lighten up your sleep space with this storage bed upholstered with linen fabric. Four drawers beneath the sturdy bedframe provide ample space for stashing blankets, clothes, and any clutter you want to conceal.

2 / 12
Wayfair
$389.99
was $910.00

A reader favorite, the Houchins platform storage bed is a simple yet stylish pick. The durable metal and wood frame is upholstered in a foam-filled polyester so soft and cushiony you'll feel sleepy just by looking at it. Add to that a button-tufted headboard and four roomy storage drawers — set on wheels for quick, easy access — and you’ve got a steal of a bed.

3 / 12
Wayfair
$375.99
was $536.45

Looking to add some glamour to your sleep space? With velvet upholstery, gold detailing, and four storage drawers, this storage bed is the perfect mix of style and function.

4 / 12
Amazon
$428.82
was $666.99

Curved furniture is having a moment so bring the trend into the bedroom with the Moon storage bed from Mr. Kate. The half-moon design of the headboard and blush velvet upholstery add a soft touch to any sleep space while its four storage drawers make it an especially functional find.

5 / 12
Wayfair
$429.99
was $500.00

For a wooden pick, we love the Dalary storage bed. Featuring four built-in storage shelves on each side, this walnut-colored beauty is perfect for everything from storing all your bedroom essentials to displaying your favorite reads.

6 / 12
Wayfair
$460.00
was $574.99

This one's for the serious storage mavens. Coming in two colors and featuring a clean, streamlined look, this storage bed features 10 shelves for some serious organization. Our favorite part? Each storage shelf has enough room to fit storage cubbies (bonus: this bed comes with four of them already!) for extra stylish organization.

7 / 12
Wayfair
$293.99

Love the look of a bed with a storage bench? Then you're going to love this next pick. Available in two gray tones, the Lynell storage bed comes pre-equipped with a storage ottoman at the foot of the bed for extra storage, seating, and style. Did we mention the chic button-tufted design?

8 / 12
Wayfair
$455.99
was $921.00

For those interested in a daybed pick, the Anais is our pick. Cute and cozy, it's perfect for lounging, sleeping, guests, and more. Plus, with two storage drawers, it's the ultimate small-space find.

9 / 12
Wayfair
$375.99
was $419.99

Another velvet find we couldn't help but admire, the Charliemae storage bed is a must-have for those with a taste for design. Its vertical tufting and art-deco-inspired headboard make it a stunner while its four drawers make it perfect for those looking to keep things tidy.

10 / 12
Wayfair
$181.99
was $344.99

The Bret storage bed is great for people looking for a storage bed that allows for a little personalization. With its headboard-less design, it opens up your space to numerous design opportunities while a three-drawer storage system makes sure it's still functional, to boot.

11 / 12
Walmart
$188.00

Kids can get in on the storage fun, too! The Greer loft storage bed comes with everything your kiddo needs to thrive in a small space. With space for a twin-sized bed, two shelves worth of storage space, and a loft area perfect for playtime, it's a 3-in-1 wonder you'll both love.

12 / 12
Wayfair
$419.99
was $499.99

This Latitude Run bed offers a different take on the storage bed with a fun lift design. Upholstered in easy-to-maintain linen, it comes in two elegant hues (cream and gray) and features sleek vertical tufting.