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The 10 Best Bobby-Approved Sleeper Sofas (Under $500)

We love any design piece that looks good and serves a purpose – and if it’s got more than one- well, even better! And when furnishing your home, it’s always good to think about what items can do double duty. So for a versatile piece of furniture that always pays off- but you don’t have to pay a lot for – look no further than a sleeper sofa. 

If you’re lacking a spare bedroom or need a piece that will do double duty in a living room, office, or basement, don’t sleep on the idea of adding a sleeper sofa. It’s a great option for bonus versatility (or any unexpected guests) and won’t take up any more space than a standard sofa (that’s right small space dwellers!) And just because a piece has multi-purpose doesn’t mean it has a major price tag – we’ve got ten stylish options that won’t set you back more than $500.



Keep scrolling to see all our sleeper sofa picks with lots of purpose – and low prices. We’ve also included a GIF of each option to show you exactly how it goes from sofa to sleeper.



You can also shop 15 sofas under $500 HERE




Sleeper Sectional

It’s a sectional! It’s a full-size sleeper! It’s everything you need in a multi-purpose piece – at a price you can’t pass up.


BUY HERE for $450

Velvet Square Arm Convertible Sofa

For a Mid-Century look and so much more, try this velvet version in glamorous goldenrod.



BUY HERE for $370

Modern Gray Convertible Sofa

A simple shape and goes-with-everything gray upholstery give this convertible sofa a classic appeal.


BUY HERE for $340

Monroe Sleeper Sofa

A double foam seat cushion folds out to take this sofa from daytime lounging to nighttime snoozing.


BUY HERE for $499

Modern Sofa Bed

With a stylish look that rivals any standard sofa, this version will have you sitting (or sleeping) pretty.


BUY HERE for $451

Stevie Convertible Sofa Bed

Offering equal parts style and function, this convertible has certainly made us a sofa-bed convert.


BUY HERE for $460

Tailored Sofa Bed 

Like every episode of Queer Eye, this sofa will make you feel good (and make your space look even better thanks to Bobby!)


BUY HERE for $356


Round Arm Sleeper

Don’t be green with envy over this sleeper sofa. We can all enjoy its good looks – and great price.


BUY HERE for $370

Caramel faux leather, cute rounded legs, and one easy click to convert to a bed. What’s not to love?


BUY HERE for $499

This comfy convertible can be set in four different positions, giving you even more multi-function for your money.


BUY HERE for $330

And if you have a little bit more to spend, here are 3 stylish options slightly over $500 that were just too good not to include.

Holmsund Sleeper Sofa

For a comfortable option that converts to a bed with just a push (and has storage for pillows and bedding built-in) look no further than this smart sleeper.


BUY HERE for $649

Simplis Sofa Bed

Clean lines and a low profile give this sofa bed a modern take on multi-purpose.


BUY HERE for $699

Cushion Back Convertible Sofa

An ingenious design means this compact couch can flip and fold into a totally flat twin size bed.Caramel faux leather


BUY HERE for $660


  1. This is JUST what I needed as I moved into a new apartment recently. Love you Bobby!!! Keep up the amazing work.

    1. Thank you! Congrats on your new space – Hope it turns out amazing. xx -B

  2. I love the variety of options from style, color to pricing. Bookmarking this post to come back in the future!

    1. Hope you found one to your liking! Thanks for reading. xx -B

  3. Bobby, these are all so cute. But we need a bigger one… what about 10 under $1000?

    1. Thanks for the great suggestion! I’ll be continuing my favorites series so keep your eye out for more. xx -B