The Internet’s Favorite Sleeper Sofas & Sofa Beds Under $500

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.