There’s a particular kind of guilt that lingers after relegating a guest to the couch for the night. Maybe it’s the thought of them tossing and turning on a few feet of cushions while we retreat to our beds without a second thought. And for the truly noble among us? There’s the self-sacrificing option of giving up the real bed — heavenly mattress and all — leaving us to endure the stiff armrests and questionable neck support. Either way, it’s a lose-lose. But before spiraling into guilt-induced insomnia, there’s a far easier (and budget-friendly) solution: an under-$500 sleeper sofa or sofa bed.
We scoured the internet and landed on 13 top-rated, wallet-friendly options that prove you don’t have to spend a fortune for a guest-worthy sleep setup. Quick refresher: sleeper sofas come with hidden mattresses, while sofa beds (think futons and fold-down styles) transform into a sleep surface without extra padding. Neither will replace a full-on mattress, but both will give your guests plenty of room to stretch out—and let you rest easy in your own bed.
Whether you’re after a space-saving loveseat with hidden storage, a modern futon that blends into your decor, or a feature-packed sleeper with built-in USB ports and cup holders, we’ve got you covered. Scroll on for 14 multi-functional, reviewer-approved finds that prove a good night’s sleep doesn’t have to break the bank.
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East Urban Home Chillax Gold 83.86" Velvet Square Arm Sleeper Sofa
The Hype: 4.3 out of 5 stars and 396 reviews
Coming in at $379.99 on sale and stretching a generous seven feet long, this Eastern Urban Home velvet sofa bed is a dream pick for tall loungers and budget-savvy shoppers. One Wayfair reviewer raves: “It looks so much more beautiful in person. It’s comfortable and firm (so it doesn't dent). It is also a really nice size. Very modern. Definitely get this.”
East Urban Home Chillax Gold 83.86" Velvet Square Arm Sleeper Sofa, $, available at Wayfair
Latitude Run Chaliyah 71" Upholstered Convertible Sleeper Sofa
The Hype: 4.5 out of 5 stars and 1,438 reviews
Trendy sherpa meets sleeper functionality in this fold-out lounger — a match made in cozy, space-saving heaven. Earning high marks from one reviewer: “This sleeper sofa is exactly what I needed to place in my ‘Lady Lounge.’ It’s very firm but still comfortable, and it was so easy to unpack and set up.”
Latitude Run Chaliyah 71" Upholstered Convertible Sleeper Sofa, $, available at Wayfair
COMHOMA Convertible Futon Sofa Bed
The Hype: 4.3 out of 5 stars and 22 reviews
Futons are about that flex life, and this one gets it. With a five-position adjustable backrest and nine-leg support, it’s got your back (literally) whether you’re kicking back or sitting up straight. The durable fabric can handle pets, kids, and daily lounging — no high-maintenance care required. As one reviewer puts it, it’s a “modern design that fits well in various interior styles” with a “medium-firm” feel that strikes the perfect balance.
COMHOMA Convertible Futon Sofa Bed, $, available at Target
HOMCOM Convertible Floor Sofa Chair
The Hype: 4.8 out of 5 stars and 9 reviews
Whether you’ve got little ones, a compact space, or just love the vibe of low-set furniture, this Macy's sofa bed is a dream for quick snoozes. One reviewer raves, “Ordered this for my son's studio apartment. With limited space, he needed a multi-function piece of furniture. It looks incredible, comfortable, and highly recommend.”
HOMCOM Convertible Floor Sofa Chair, $, available at Macy's
Brayden Studio Lelana Twin 78.75 Polyester Tufted Sofa
The Hype: 4 out of 5 stars and 526 reviews
For those with a modern aesthetic, this sleeper sofa is a perfect fit. With angular features and stain-resistant fabric, it’s a functional piece of art that adds style to any living room. One reviewer sums it up: “Loved the couch!! Love the modern look, and it's a sleeper.“ At 78.75 inches long, this sofa suits a long living room or larger space.
Brayden Studio Lelana Twin 78.75 Polyester Tufted Sofa, $, available at Wayfair
DURASPACE Sofa Bed Sleeper Pull Out 2-in-1 Sectional Sleeper Sofa
The Hype: 4.0 out of 5 stars and 438 reviews
If you’re all about organic modernism, consider this Amazon sofa bed your under-$350 jackpot. Three hidden storage compartments? Check. A reversible chaise? Yep. Built-in USB ports and cup holders? Now we’re talking. One reviewer says it’s “roomy and big enough for 2-3 people” while still being a small-space win — plus, the storage is “super roomy,” and the charging ports actually work. For the price, it’s a no-brainer.
DURASPACE Sofa Bed Sleeper Pull Out 2 in 1 Sectional, $, available at Amazon
BELLEZE Convertible Sofa Bed
The Hype: 3.8 out of 5 stars and 4 reviews
A statement sofa that works as hard as it looks good? Say less. This mustard yellow beauty isn’t just eye candy — it flips from couch to daybed with four reclining options to suit your lounging style. Breathable linen fabric, sturdy wood legs, and a firm-but-cozy feel seal the deal. As one reviewer puts it: “Great style, sturdy, and fabric seems durable … For the price, it’s a great deal!”
Belleze Convertible Sofa Bed, $, available at Walmart
Sand & Stable Seylow 81.5'' Faux Leather Convertible Sofa
The Hype: 4.4 out of 5 stars and 1,198 reviews
Sleeper sofas may be practical, but they can absolutely serve up style, too. Sand & Stable’s luxe-looking convertible sofa is perfect for those who prioritize appearance just a smidge over comfort. One Wayfair reviewer doesn’t hold back: “Build quality is good, and the material is soft,” they write. “Cushions are firm and feel like I’m [sitting] on a bench seat of an old pickup truck, but it is aesthetically pleasing.”
Sand & Stable™ Seylow 81.5'' Faux Leather Convertible Sofa, $, available at Wayfair
Novogratz Brittany Linen Futon
The Hype: 3.6 out of 5 stars and 49 reviews
If mid-mod is your vibe, say hello to a sleeper sofa that nails the aesthetic and respects your budget and almost hits four stars in reviews. The ribbed tufting, curved arms, and slanted wood legs bring serious retro appeal, while the olive green linen upholstery keeps things elevated. Bonus: It converts into a bed for guests. One reviewer raves, “Pretty easy to put together … sturdy … firm, but not obnoxious.” Stylish, space-savvy, and budget-friendly — sounds like a win to us.
Novogratz Brittany Linen Futon, $, available at Target
Marsail 3-in-1 Convertible Sofa Bed
The Hype: 5.0 out of 5 stars and 1 review
A loveseat that does the most. At 54 inches wide, this new-to-Amazon sleeper is set to rack up five-star reviews in no time. Wrapped in luxe boucle with ultra-plush 5.9-inch memory foam cushions, it’s designed for both style and supreme comfort. The hidden rubberwood side table (with a built-in cup holder!) and dual USB ports keep your essentials within arm’s reach, while the adjustable backrest lets you switch between lounging and sleeping with ease. As one reviewer put it, it “fits perfect and is everything I needed for my casita.”
Marsail 3-in-1 Convertible Sofa Bed, $, available at Amazon
Walsunny Convertible Sectional Sofa Couch
The Hype: 3.1 out of 5 stars and 1,037 reviews
Okay, we’ll admit it — a couch with close to three stars might raise an eyebrow. But if a beige sectional fits your aesthetic goals, it’s tough to beat this Walmart sofa bed (under $300!) while still scoring the functionality of a sleeper. One reviewer keeps it real: “I see a lot of comments stating they are missing the ottoman cushion. I got mine. I found it stuffed underneath the ottoman cutout. It was easy to assemble. Very firm, but that's good because I'm a plus-size baddie with big hips and a big butt! Even being big and taking up space, 2 others can fit easily. I do recommend.”
Walsunny Convertible Sectional Sofa Couch, $, available at Walmart
Ebern Designs Navaeh Sleeper Sofa
The Hype: 4.2 out of 5 stars and 2,276 reviews
The L-shaped couch is a modern favorite for small-space dwellers who like to both sit upright and kick their legs up. It’s sleek yet features overstuffed back cushions for comfort and includes storage in the sofa chaise (another major win in tight quarters). One reviewer shares: “I was anxious about the assembly process, but it went really smoothly. Got the entire thing unpacked and together in under 45 minutes by myself. It's honestly super comfy and the perfect size for me. The pull-out feature works great.”
Ebern Designs Navaeh Sleeper Sofa, $, available at Wayfair
Mistana Aria 77" Round Arm Convertible Sofa
The Hype: 4.3 out of 5 stars and 5,886 reviews
Wayfair always comes through with affordable home finds, and this charming sofa bed is no exception. One happy buyer explains that it “wasn’t difficult to put together,” and at 5'10", she’s “able to lie down comfortably.” With over 3,200 5-star reviews, a versatile design, and multiple colors, it’s our top pick for the best under-$500 sofa bed.
Mistana Aria 77" Round Arm Convertible Sofa, $, available at Wayfair
Funcid 4-in-1 Convertible Sleeper Chair Bed
The Hype: 4.1 out of 5 stars and 705 reviews
With solid wood legs and a sturdy metal frame, this sofa impresses with a 350-pound weight capacity — a notable upgrade from the typical 250-pound limit. One reviewer highlights its versatility: “It only takes a few seconds to pull out the foot pads and adjust the backrest to the desired position. I also love that it can be used as a recliner — it’s really versatile and perfect for a variety of different uses.”
Funcid 4-in-1 Convertible Sleeper Chair Bed, $, available at Walmart
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