10 Sofas Under $500 That Look Anything but Cheap

updated Mar 10, 2023
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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 10 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 / 10
was $285.99

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 under $300, making it a no-brainer for those looking to furnish a space on a tight budget. Best of all, it's available in a gorgeous orange hue that makes it an eye-catching choice for your living space's focal point.

2 / 10
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.

3 / 10
was $399.99

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

4 / 10
Best Buy

The trick to getting a super-comfortable couch? Find one made by a mattress company. This straight-arm sofa comes from Serta and has plenty of rest and nap potential built in. Its neutral look works well with any decor scheme, too.

5 / 10

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.

6 / 10

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. 

7 / 10
Home Depot

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-centry sofa may be just the solution you've been searching for to upgrade your living room.

8 / 10
PB Teen

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 / 10
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.

10 / 10

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.

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