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Living Room Furniture Under $500

A living room is a place where you can kick back, relax, and enjoy some peace and quiet. It's also the place where you can entertain friends and family, or just hang out with your partner. The furniture you choose for your living room should be comfortable, functional, and stylish. Browse the top-ranked list of living room furniture under $500 below along with associated reviews and opinions.

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  1. Costway - 5 PCS Living Room Set with Loveseat, 2 Accent Chairs, 2 Coffee Tables, Cushions - Gray + Black

    SKU: JJGPSHP7SG

    Product Description

    A five-piece gray and black living room set with metal frames, plush PU leather cushions, and slatted tables.
    See all Coffee Tables
    Your price for this item is $275.99
    Save $234
    The previous price was $509.99
  2. Costway - 2 PCS Living Room Furniture Set with Rubber Wood Frame, Padded Seat, Throw Pillows - Gray

    SKU: JJGPSHZRLT

    Product Description

    A gray chenille fabric set with rubber wood frames, padded seats, throw pillows, and washable covers.
    See all Sofas, Sectionals & Loveseats
    Your price for this item is $245.99
    Save $204
    The previous price was $449.99
  3. Costway - 5 PCS Living Room Set with Loveseat, 2 Accent Chairs, 2 Coffee Tables, Cushions - Brown + Black

    SKU: JJGPSHP7SR

    Product Description

    A five-piece brown and black set featuring metal and wood frames, PU leather cushions, and slatted tables.
    See all Coffee Tables
    Your price for this item is $275.99
    Save $234
    The previous price was $509.99
  4. Anysun - 65" 3-in-1 Cashmere Sofa Bed - Modern Double Sofa, Adjustable Backrest, Storage Bag & Pillows for Living Room & Bedroom - Khaki

    SKU: JXTQT9SG2V

    Product Description

    A versatile khaki velvet sofa bed with adjustable backrest, storage bag, and two soft pillows included.
    See all Sofas, Sectionals & Loveseats
    Your price for this item is $449.99
    Save $350
    The previous price was $799.99
  5. Costway - 3 PCS Living Room Furniture Set with Rubber Wood Frame, Padded Seat, Throw Pillows - Gray

    SKU: JJGPSHZRYQ

    Product Description

    A three-piece gray chenille set with rubber wood frame, padded seats, slanted backrests, and throw pillows.
    See all Sofas, Sectionals & Loveseats
    Your price for this item is $314.99
    Save $265
    The previous price was $579.99
  6. Your price for this item is $449.99
  7. VEVOR - 3 Pieces Living Room Table Sets, 41.3 in Industrial Coffee Table with 2 Square End Side Tables - Brown,Black

    SKU: JJGHKZKHK2

    Product Description

    A versatile brown and black metal and wood set featuring a coffee table and two matching side tables.
    See all Coffee Tables
    Your price for this item is $125.90
  8. VEVOR - 3 Pieces Round Coffee Table Sets, 31.5 in Industrial Living Room Table with 2 End Side Tables - Brown,Black

    SKU: JJGHKZKHKP

    Great coffee table

    Product Description

    A versatile set of black and brown metal and wood tables offering flexible combinations and practical storage.
    See all Coffee Tables
    Your price for this item is $121.90

FAQ

You’ll find a wide selection of living room furniture under $500, including sofas, loveseats, coffee tables, TV stands, recliners, accent chairs, and storage ottomans. These pieces are available in various styles and materials to complement your home décor.

Yes, some living room furniture sets—such as matching sofa and loveseat pairs or coordinated coffee and end table sets—are available within this price range, making it easy to create a cohesive look in your space.

Absolutely! The collection features a variety of styles, including modern, contemporary, traditional, mid-century, and farmhouse designs, so you can find pieces that match your personal taste and existing décor.

Living room furniture in this price range is often crafted from materials such as engineered wood, metal, microfiber, faux leather, polyester, and durable fabrics, offering both style and long-lasting comfort.

Many living room furniture pieces under $500 are designed for easy assembly, with clear instructions and included hardware, so you can set up your new furniture quickly and enjoy your refreshed space in no time.