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The 15 Best Bobby-Approved Sofas Under $500

Buying a sofa can feel like a major commitment (and an expensive one at that). But if you think you have to spend a lot of money to get a stylish option for your space, think again! Because we’ve got 15 of the best (Bobby-approved) sofa options that are sure to change your mind – and save you money too. 

No matter the size of your space or your design style, there’s a sofa out there for you – and it won’t break the bank! We’ve compiled all our favorites – from clean lines to curved arms, subtle shades to bolder options, to give you plenty of options to upgrade your living room (and still have money to spare).

And if you don’t have a guest room or need an extra place for guests to rest their head over night, then we’ve also got a long list of the best sleep sofas.


Keep scrolling to see 15 sofas with small price tags (under $500) – that are still big on style.


You can also shop all our favorite sofas HERE, and be sure to check out all the trends you can expect for living rooms in 2021.




Square Arm Sofa

An Acacia wood frame, attractive lines, and a pleasing price make this sofa a real no-brainer.


BUY HERE for $430

Mid Century Modern Sofa

The price of this Mid-Century model won’t give you the blues– and neither will its clean and comfortable design.


BUY HERE for $454

Fairfax Steel Grey Velvet Sofa

At 90″ long, this sofa gives you plenty of room to really spread out (and take an afternoon nap), without sacrificing style or comfort.


BUY HERE for $495

Macleary Modern Velvet Sofa

Rich green velvet has never looked better (or been more budget-friendly). This simple sofa is also an optimal way to add an earthy tone to your living room.


BUY HERE for $471

Beige Sofas With Skirt 

A little bit country, a little bit classic, this skirted option is an incredibly affordable way to get cozy.


BUY HERE for $279


Microsuede Round Arm Sofa

Nailhead details on the arms give this sofa a traditional feel – but without the traditionally high price.


BUY HERE for $336

Cream Remi Sofa

For a sofa that looks a lot pricier than it is, opt for this polished and practical model in a goes-with-anything cream upholstery.


BUY HERE for $440

Levinson Wide Square Arm Sofa

Heads will turn for this terrific teal sofa- that also features a durable, tear-resistant fabric to stand up to the long hours you’ll spend lounging.


BUY HERE for $410

Ginger Grey Sofa

This Mid-Century design will have you feeling grey – in the best way. And removable legs make for fewer hassles when moving.


BUY HERE for $450

Camel Leanna Tufted Loveseat

Attention small space dwellers! A channel-tufted back adds interest to this loveseat that’s perfect for creating a cozy seating area.


BUY HERE for $400

Pink Modern Velvet Sofa

Pink velvet is sure to make a style statement in your living room – and barely a dent in your bank account.


BUY HERE for $340

Faux Leather Sofa Tan

Faux leather has never looked better! This affordable alternative has all the charm- with none of the harm to animals.


BUY HERE for $452

Oliver 2 Seater Sofa

Olive chenille fabric adds a bit of sophistication – and makes for one very soft sofa.


BUY HERE for $400

Cotton Flax Gray Sofa

Tailored lines and sleek metal legs give this sofa a contemporary feel, and you’ll appreciate the removable cushion covers when the time comes to clean up a spill (and there will be spills).


BUY HERE for $410



Rolled Arm Convertible Sofa

This take on a traditional Chesterfield style sofa gives you twice the seating options– the back folds completely flat to transform it into a daybed. Talk about a 2 for 1 deal!


BUY HERE for $373


  1. I can’t believe these are all under $500. They all look really great. Will definitely bookmark this article for future sofa shopping.

    1. Good luck with your sofa shopping! xx -B

  2. I love the brown chenille – and it looks like just the right size for my apartment. Thanks for sharing Bobby!

    1. That’s a great one – Thanks for reading! xx -B

  3. Thanks for sharing these. It’s definitely been a challenge looking for couches, and this really helps. Big fan of QE too.

    1. Thanks so much! Hope you find the perfect couch for your space. xx -B

      1. Great article with terrific info! Would be interested in similar with sectionals! Thank you for this …sharing!

  4. Thanks for writing this post! Just ordered the faux leather sofa and cannot wait for the shipment to arrive!

  5. Perfect timing coming across this! How can I know if/which of these is considered a “high back” sofa?

    1. A high back is considered 36″H. Sometimes a sofa will have loose cushions on the back that will go even higher than the frame too, which gives you even more height. xx -B

    1. Thanks for reading and happy shopping! xx -B

  6. Do you have suggestions for the most stylish and budget friendly sleeper sofas when you need an extra sleeping spot?