12 Sofas Under $500 That Look Anything but Cheap

updated Feb 7, 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

A sofa for under $500? Yes, it is possible. Not only that, it’s even possible to find one in this price range that’s comfortable, sturdy, and stylish — the coveted trifecta. So if you’ve been craving a living room refresh, consider this a sign: It’s time to finally commit to purchasing a new place to sit (that won’t break the bank). Not sure where to start? We’ve got you covered.

We scoured the internet, shopped our favorite retailers, and found 12 pieces we love and think you will, too. From luxe leather and smooth velvet picks to convertible sleeper sofas and even a pick from Pottery Barn (yes, for under $500, really!), these sofas are the definition of a great budget find. Keep reading to check out a few of our favorites that you can get your hands on today. Looking for more sofa buying tips? Be sure to check out our sofa buying guide to make sure you find the perfect sofa for you.

1 / 12
Amazon
$303.07
was $449.00

This stunning Novogratz piece will make a chic addition to any living space. Its tufted back and winged arms add eye-catching details, while its convertibility gives it major functionality points.

2 / 12
Wayfair
$303.59

If you prefer the coastal look, this sofa is right up your alley. Its neutral sand color and clean lines let you effortlessly incorporate it into any space. Not to mention, its fabric texture is incredibly easy to clean, meaning you can trust this couch to withstand even your messiest get-togethers. 

3 / 12
Wayfair
$289.99
was $399.99

Boxy couches with clean lines are all over Instagram, but this is a budget-friendly dupe if you only have $300 to spend on your living room. Details like the tufted seat cushions, rounded throw pillows, and velvet upholstering make this sofa look and feel so much more expensive than it actually is. It comes in either a goes-with-everything gray or a royal blue color.

4 / 12
Amazon
$299.99
was $428.00

This may just be the rose-colored sofa of your grandmillennial dreams. Better yet, it looks much pricier than it actually is — and no one will ever guess it cost you less than $500. The soft velvet material is perfect for cozy afternoons lounging and watching TV, but it's equally great for entertaining that extends overnight thanks to its convertible design.

5 / 12
QVC.com
$401.98

If peppy hues aren't your thing, look no further than the sleek and sophisticated Chester Sofa. Pair it with a jute or neutral Moroccan rug to create a calm, cozy living space.

6 / 12
Amazon
$317.96
was $439.00

If you're looking for an on-trend mid-century modern option that's also petite enough to fit into your small space, look no further than Amazon. This gem is available for just over $300, making it a no-brainer for those looking to furnish a space on a tight budget. Best of all, it features USB plugs to charge your electronics!

7 / 12
Wayfair
$375.99
was $499.99

This classic three-seater is quite the steal (considering the size), and its neutral color means it will fit seamlessly with any decor style. The button-tufted back cushions and clean lines add chic touches of sophistication.

8 / 12
PB Teen
$399.00

Did you know you can get your hands on a sleeper sofa for under $500 from rom Pottery Barn? The Ashton Sleepr Sofa was designed with the budget-conscious shopper in mind, offering the quality and aesthetic we've all come to know and love from the luxe home brand at a fraction of the price.

9 / 12
Wayfair
$444.99

For those who prefer the coastal look, this sofa is right up your alley. Its neutral sand color and clean lines make it effortless to incorporate into any space. Not to mention, its linen texture is incredibly easy to clean, meaning you can trust this couch to withstand even your craziest get-togethers. 

10 / 12
Bed Bath & Beyond
$396.94
was $464.18

If peppy hues aren't your thing, Overstock also has more subdued sofas, like the affordable option above. Pair it with a jute or black and white Moroccan rug to create a calm, cozy living space.

11 / 12
PB Teen
$499.00

Did you know you can get your hands on a sleeper sofa for under $500 from Pottery Barn? The Monroe Sleeper Sofa was designed with the budget-conscious shopper in mind, offering the quality and aesthetic we've all come to know and love from the luxe home brand at a fraction of the price.

12 / 12
Home Depot
$333.87

The Home Depot offers way more than just paint and remodeling supplies. The next time you're placing an order for some lightbulbs, why not add a sofa to your cart? Coming in just under $500, this mid-century sofa may be just the solution you've been searching for to upgrade your living room.

Samantha Leal, Marlen Komar, Jaclyn Turner, and Sarah M. Vazquez also contributed to reporting.