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sofas, sectionals & loveseats

Sofas Under $500

If you're looking for a new sofa, but don't want to spend a lot of money, there are options. You can still get a quality piece that will last and look good in your home. Browse the top-ranked list of sofas under $500 below along with associated reviews and opinions. 

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  1. Trinkets Crazed - 3 in 1 Velvet Convertible Sleeper Sofa Bed, Futon Couches for Living Room with Side Pocket/Adjustable Backrest - Green

    SKU: JXF6FW8S42

    Product Description

    A green velvet convertible sleeper sofa with adjustable backrest, sturdy steel frame, and convenient side pocket.
    See all Sofas, Sectionals & Loveseats
    Your price for this item is $399.99

  2. Anysun - Modern Velvet Convertible Sleeper Sofa Bed with Pull-Out Bed, Pillows & Side Pockets for Small Spaces - Light Gray

    SKU: JXTRRJ26GJ

    Product Description

    A light gray velvet sleeper sofa with pull-out bed, adjustable backrest, side pockets, and included pillows.
    See all Sofas, Sectionals & Loveseats
    Your price for this item is $359.99

  3. Anysun - Modern Velvet Convertible Sleeper Sofa Bed with Pull-Out Bed, Pillows & Side Pockets for Small Spaces - Gray

    SKU: JXTRRJ26GQ

    Product Description

    A modern gray velvet sleeper sofa with adjustable backrest, pull-out bed, pillows, and convenient side pockets.
    See all Sofas, Sectionals & Loveseats
    Your price for this item is $359.99
    Save $240
    The previous price was $599.99

  4. Anysun - Modern Velvet Convertible Sleeper Sofa Bed with Pull-Out Bed, Pillows & Side Pockets for Small Spaces - Black

    SKU: JXTRRJ26GL

    Product Description

    A modern black velvet sleeper sofa with pull-out bed, adjustable backrest, pillows, and handy side pockets.
    See all Sofas, Sectionals & Loveseats
    Your price for this item is $359.99

  5. Trinkets Crazed - Sofa Bed Couch Sleeper Loveseat Convertible Pull-Out Bed Couch With Side Pockets for Small Space - Black

    SKU: JXVV5Q3YFF

    Product Description

    A black velvet convertible loveseat with metal frame, adjustable backrest, side pockets, and pull-out sleeper.
    See all Sofas, Sectionals & Loveseats
    Your price for this item is $379.99
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In-store pricing may vary. Prices and offers are subject to change. © 2026 Best Buy. All rights reserved. BEST BUY, the BEST BUY logo, the tag design, and MY BEST BUY are trademarks of Best Buy and its affiliated companies.