Getty ImagesWhether you’re going back to school or moving into a brand new apartment, Wayfair’s crazy up to 80% off Black Friday in July Sale has just the addition for your space: a sofa bed at a crazy low price. A sofa bed is a bummer to splurge on, but you’re in luck, because there are options under $500 available at Wayfair and beyond right now. A lot of sofa beds in this low price range have poor reviews when it comes to comfort for sleep, but we’ve found some that really hit the mark.
A traditional sofa bed is a couch that can be converted into a bed, but the term is often used interchangeably with futons and sleeper sofas (sofas that have a hidden mattress). Futons simply fold out into a bed, and are easier to find in the under $500 price range. So we’ve found both sofa beds and futons that fit the bill.
If you have an upcoming overnight guest, it’s time to invest in a sofa bed for your space. You can even up any sofa bed’s comfort game by adding a mattress topper. Some sofa beds convert into chaise lounges or have special features like USB ports.
Below, shop the best sofa beds under $500 from Wayfair’s Black Friday in July Sale, plus even more great sofa beds our reader love from Urban Outfitters, Amazon and more.
Best Wayfair Black Friday in July Sofa Bed Deals
Lateresa Small Loveseat Pull-Out Sofa Bed
Sleep up to two people on this petite sofa bed. It can be converted from a sofa to a lounge chair to a bed. Store your essentials in its side pockets.
Shoppers Say: “I really like this couch! It’s great for smaller spaces with so much functionality built in. I love the hidden compartments under the armrest and storage in the chaise. It was pretty easy to assemble as well.”
Omorfo Sleeper Sofa
Snag this sofa with pillows that sleeps those who are up to 5’10” for the kiddos.
Shoppers Say: “It is firm, which we appreciated, and the mechanism to pull out to create a sleeper or lounger is super simple. Our kids love it!”
Vesna L-shape Wide Space-Saving Sleeper Sofa
If it’s special features you’re looking for, this affordable sofa bed has USB ports, cup holders and side pockets, plus armrests that flip open for even more storage.
Yasirah Wide Contemporary Solid Color Velvet Tufted Back Twin Sofa Bed
This velvet sofa with an elevated tufted look turns into a twin-size bed for small spaces.
Shoppers Say: “I live in a studio apartment and it fits perfectly. I also use it as my bed at night. Very comfortable.”
Serta Sabrina Queen Rolled Arm Tufted Back Convertible Sleeper Sofa
Ok, so this doorbuster deal is a bit over $500, but it’s so worth it for a sleeper sofa from a brand known for making super comfy beds. This Serta sofa bed is a whopping 47% off for a limited time.
Shopper Say: “First, sofa is so comfy to sit on. And is of very great quality. The size of the sofa is about that of a regular love seat. The material is soft but is similar to that of a performance material sofa. Second, the ease of transforming it from a sofa to a queen-sized bed is so easy that even my 62-year-old mother with hip issues could do it. I have had two weekends back to back with guests sleeping on it for two plus nights, and they all said it was firm but comfortable.”
More Best Sofa Beds Under $500
Urban Outfitters Netto Fold-Out Sleeper Sofa
Your overnight guest will feel snug as a bug on this simple sleeper sofa that comes in fun color options.
Eafurn 3-in-1 Convertible Pull Out Sleeper Sofa
This petite corduroy couch for small spaces can be converted into a chaise lounge and a bed.
Upholstered Extendable Daybed With Trundle
Create a comfy spot with this pretty in pink sofa bed that also has a trundle.
Addison Twin-Size Sofa Bed
This memory foam sleeper sofa is great for small spaces with a twin sized bed.
Shoppers Say: “The cushions are generously stuffed with high-quality filling, providing excellent support whether I’m sitting upright to watch TV or stretching out for a lazy afternoon nap. The backrest is ergonomically designed, perfectly aligning with my spine, relieving any strain.”
3-in-1 Convertible Sleeper Sofa
This sleeper sofa with velvet upholstery has a handle on the side that transforms it into a bed.
Shoppers Say: “Perfect as a guest bed. Very comfortable compared to our old one. Looks nice and has a great size that fits two people and fits in a small space.”
Dinosisco 3-in-1 Convertible Futon
This unique sofa bed even has a USB charge port, swivel phone stand, cup holders and side pocket so they can sleep easy.
Shoppers Say: “So far, the couch is a dream! Very comfortable and was extremely easy to put together. I had a previous one that I had to return because it was not of good quality and a lot more expensive. For the price, I am very much impressed with the quality.”
Mainstays Memory Foam Futon
This cool futon with faux leather upholstery has a fold-down cupholder and a USB charging port.
Shoppers Say: “The memory foam cushioning is surprisingly comfortable for a futon at this price point. It offers a good balance between softness and support, making it suitable for both sitting and sleeping.”
While you’re home shopping, also check out these best cooling fans on Amazon.
