Better Homes & Gardens Nola Modern Futon Gray Velvet

These Are the Best Sofa Beds from Amazon Under $500

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If there's one thing we love at AT, it's affordable, space-saving furniture — with great style, to boot. Oh, and any piece that does double duty earns extra brownie points. That's why, lately, we've been especially enamored with sleeper sofas and sofa beds. Both function as spacious seating by day, extra sleeping spots by night. Quick refresher: These terms get used interchangeably, but sleeper sofas have a built-in pullout mattress, whereas sofa beds actually fold down like a futon to form a mattress.

If you're in the market for either, you can get more info (plus weigh some pros and cons) via our extensive sleeper sofa buying guide. TL;DR, both are equally viable options — it basically boils down to your lifestyle and budget. In terms of the latter, sofa beds usually fall lower on the price spectrum, and I recently came across SO many stylish (and affordable) options from none other than Amazon. The site's well-reviewed selection of compact, convertible sofas feels so perfect for small spaces, especially if you're the hospitable hosting type. The best part? None will set you back more than $500, but still look totally luxe.

Below, I rounded up a few favorites that you (and any overnight guests) will love. And act fast — they're all hot commodities.

Amazon

This cheery sofa bed takes "convertible" to new levels. For starters, it not only folds down to transition from sofa to bed, but it also breaks apart into two armchairs if you'd rather style your living room like so. I adore the yellow hue as well, but you can bring home a green or blue version.

Amazon

It's easy to see why this budget-friendly beauty has been deemed an Amazon bestseller. Designed by editor-favorite brand Novogratz, it boasts a handful of hues and an easy-to-clean linen upholstery. Plus, you can shop a similar twin-sized sleeper sofa version from the same collection, if you'd rather have a pull-out bed.

Amazon

This modern sofa bed has to be one of my favorite luxe-for-less finds. It's made from faux leather, yes, but you still get the high-end look without the marked-up cost — nothing beats that less-than-$400 price.

Amazon

Belffin's sofa bed prioritizes comfort — on top of adjustable reclining backrests, you can also move the armrests into five different angles. The soft velvet upholstery screams cozy, too.

Amazon

Novogratz has done it again with the Tallulah, which could easily pass as a high-end MCM couch, tufted back and all. Bonus for friends staying over: It's filled with memory foam for a more pleasant sleep (and seat). Oh, and it's currently on sale. Need I say more?

Amazon

Even the smallest of spaces can hop on the convertible sofa bandwagon, albeit this time in armchair form. A more compact style, this actually does triple duty as a standard seat, a recliner, and a fully flat one-person mattress. You can snag one of the contemporary pieces in a few neutral tones within the same price range, too.

Amazon

Tan linen fabric gives this sofa bed a pair-with-any-style living room appeal. But, for fans of color and texture, it's also available in an equally alluring velvet teal. Get to know this piece before you buy with the brand's in-depth product videos and an AR feature that lets you visualize it in your own space.

Amazon

This pretty-in-pink velvet sofa reigns supreme in terms of style and trendy hues (I'm a sucker for both the green or gray). Gold legs top off the look, with an extra in the middle for more sleeping support.

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