Cheap Living Room Sets Under $500

10 Cheap Living Room Sets Under $500 (Tested and Reviewed)

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  • Post last modified:February 9, 2023
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Have you been looking for cheap living room sets under $500? Well, you’ve come to the right place. We’ve searched all over the web and have compiled this list for you that will help you find the best one for cheap prices.

Sofa sets and couches serve as the main decoration for your living room. Having a classy couch set not only provides you with an appropriate seating space but also jazzes up the interior of the room.

Our Top Picks

Mid Century Modern Living Room Sets
Budget Friendly
SZLIZCCC Teal Velvet Couch
  • Overall: 30.7” H x 63.77” W x 31.5” D,
  • Seat: 16.54” H x 60.63” W x 19.69” D
  • Net Weight: 66.58LB,
  • Weight Capacity: 700LB
  • Easy to assemble, pretty cute recliner
  • Very stylish mid-century modern style
Yaheetech Living Room Sets
Overall Best
Yaheetech Living Room Sets 
  • Flexible sectional sofa set
  • Multipurpose sofa bed
  • Versatile chaise lounge
  • Simple assembly
  • The max. load capacity is 350kg/772lb
 Convertible Sectional Sofa Couch with Ottoman
Value For Money
Esright Convertible Sectional Couch with Ottoman
  • Classic Nail-Head Design
  • 88.6” Enlarged Sectional Couch
  • Firm and Comfortable
  • Ergonomic Design Provides Maximum relaxation
  • Easy Assembly and Maintenance
Multifunctional Couches for Living Room
VUYUYU Futon Sofa Bed
  • Super multi-functional convertible sofa bed
  • Modern design
  • It can mix and match and arrange in any tiny space
  • Couch dimension: 65″ l x 28.5″ w x 30″ h,
  • Bed dimension: 77.4″ l x 65″ w x 15″H
  • Quality-material & easy assemble
Harper & Bright Designs Living Room Furniture Set
Harper & Bright Designs Couch Set
  • Living Room Set
  • Inner cushion spring reinforcement for stability and durability
  • Sofa set includes
  • Easily assembles with your family in under 20 minutes
  • Overall dimensions 76”W x 29”D x 33”H
  • Cozy sofa

10 Cheap Living Room Sets Under $500

If you’re looking for a good option when it comes to living room sets, there are a few great options under $500. Some of the sets include affordable pieces that still offer high quality, while others are more unique and eye-catching.

1. Grayson Micro-fabric Sofa

Cheap Living Room Sets Under $500

Looking for a couch set that’s easy to care for and perfect for any living room style? Look no further than the Grayson micro-fabric sofa. With its wooden frame and faux-wood legs, It is both stylish and supportive. And thanks to its high-density foam, it’s also incredibly comfortable.

Plus, the Grayson is easy to assemble – no tools are required! Whether you’re looking for a small couch for your basement entertainment room or a bedroom sofa to turn your bedroom into a luxury hotel suite, It is a perfect choice. So go ahead and make your design dreams come true with lifestyle solutions.

Why We Picked It?

  • Surprising weight capacity
  • Wooden frame and legs
  • Microfiber materials upholstery
  • Elegance and comfortable
  • Easy to assemble; no tools required
  • Durable frame and support
  • Turn your bedroom into a luxury hotel suite
  • Ideal for small spaces

2. Best Choice Faux Leather Sofa

Cheap Living Room Sets Under $500

Looking for a versatile and stylish loveseat that can easily be converted into a guest bed? Look no further than the Best Choice Faux leather sofa! This 3-piece modular set can be configured as an L-shaped sofa or separated into individual pieces, making it perfect for any space.

It is easy to clean and looks great with polished chrome legs. Plus, the ottoman can double as a coffee table or footrest. Whether you’re relaxing at home or entertaining guests, this sofa is sure to be a hit!

Why We Picked It?

  • Sturdy and durable
  • The perfect furniture piece for any room.
  • Easily converts into a bed for guests.
  • Quality materials and construction for a durable piece of furniture.
  • Customizable to fit any space.
  • Convenient cup holders and removable armrests.
  • Stylish and chic design.

3. SLEERWAY Sectional Couch with Ottoman

Cheap Living Room Sets Under $500

Key Features:

  • Modern design
  • Offer five color choices
  • Adjustable configuration
  • Fastest assembly

The SLEERWAY Sectional Couch with Ottoman is a modern piece of furniture that offers five color choices, adjustable configurations to suit your home’s needs, and the fastest assembly.

This futon couch features high-density foam for comfort, an ottoman that can be used in different configurations around the room or even as another seat and includes all the necessary tools to assemble.

We love this sectional couch. It is the perfect size for my living room and it is so easy to assemble. The leather is very comfortable and I love that I can adjust the configuration to fit my needs. We’re so happy with this purchase and would recommend it to anyone looking for a new couch!

4. Vnewone Sectional Couch

Cheap Living Room Sets Under $500

Introducing the Vnewone leather living room set – the perfect combination of comfort, style, and value. This highly comfortable set features a touch of mid-century flair, and can easily hold up to 600 lbs.

It’s easy to assemble and looks amazing in any space with its rectangular shape. Plus, the nice firm couch is perfect for relaxing after a long day. You’re going to love unwinding on this set!

Why We Picked it?

  • Highly comfortable
  • Touch of mid-century
  • Can hold 600 lbs
  • Easy to assemble

5. Walsunny Rattan Living Room Set

Cheap Living Room Sets Under $500

Key Features:

  • PE rattan wicker and steel frame
  • Fade-resistant cushions
  • Machine washable cushions
  • Quick assembly.

It is a decent sectional couch seamlessly suitable for outdoor settings as well. The first thing on this sofa that catches your attention instantly is its striking color combination of red and black. It bears a highly resilient frame comprising PE rattan wicker and steel.

Thus, it seamlessly endures wear and tear due to weather changes, and rain. Besides, It allows tremendous customization to users with its contemporary design. With its four sectional seats,

You can either configure it as a giant single couch, an L-shaped sectional for corners, or the conventional style with two singled-out seats for a more formal arrangement.

The set also comes with a classy coffee table for placing refreshments or, for instance, fresh-cut flower arrangements. Click here to see what flowers will suit your interior design.


  • Easy to clean
  • Light in weight
  • Perfect for outdoors
  • Great customizability.


  • No chaise or ottoman
  • The design may be bulky indoors.

6. HONBAY Reversible Sectional Couch

Cheap Living Room Sets Under $500

Looking for an elegant and comfortable couch that will add a bit of class to your home? Look no further than the HONBAY Reversible Sectional Couch. This beautiful couch is upholstered with linen fabric and filled with foam, providing you with a comfortable place to relax.

The modular pieces can be arranged in any shape to best fit your space, and the square ottoman can be placed on either side of the couch. You’ll love the convenience of extra storage space that this couch provides.

Why We Picked It?

  • Reversible sectional couch
  • Included storage ottomans
  • Space-saving design
  • It can be rearranged to fit your needs.
  • It is comfortable and stylish.
  • You’ll have a place to store all of your things.
  • You’ll be able to seat all of your friends and family comfortably.

7. Christopher Knight Solid Wood Couch

solid wood sofa set

This gorgeous piece is perfect for those who want to add a touch of luxury to their space. Made with acacia wood, it features a sleek and exotic look that will make your guests take notice. Durable and hardwearing, it’s perfect for withstanding outdoor elements and won’t darken over time.

Plus, it comes with water-resistant cushions, making it even more practical. Perfect for hosting guests or simply lounging in style, this sofa is a must-have. It comes with a one-year warranty and some assembly is required. The cushion material is 100% polyester. So pick the best one from 25 cheap living room sets under $500 today!

Why We Picked It?

  • Made out of solid wood 
  • Simple and functional 
  • Thick and firm padded cushions
  • Takes only 10-20 mins to assemble

8. GAOPAN Tufted Faux Leather Set

Cheap living room sets under $800

Key Features:

  • Robust and durable
  • Chaise and separate ottoman
  • Compact size
  • Faux leather material.

For those looking for a conventional sofa set for their living rooms with a modern touch, here comes a nice option. It is one of the best couch sets for cheap prices.

It precisely is a couch with a chaise that also encloses an ottoman in the package. Hence, you can enjoy the best relaxing time with your friends as you lie down on the chaise. Whereas, the ottoman can serve as either a footrest or even a coffee table.

It is available in the traditional black color that succeeds in drawing attention. Moreover, what makes this one distinct from others is its superior robustness owing to its premium quality faux leather.

It is not only soft and comfortable but is also very easy to clean. Hence, if you plan to buy an everlasting settee for your small living room, this one is for you.


  • Classy design
  • Suitable for small places
  • Easy to clean and maintain
  • Can bear more weight


  • Not for large spaces
  • Not for big families

9. Tufted Faux Leather Set

cheap living room sets under $600

A stylish and modern piece of furniture that is perfect for any living space. It allows you to create a large chaise lounger by pushing the ottoman bench against the sofa. The soft foam cushioning and supple faux leather make this set a viable lounging option for hours of comfort.

The durable material is easy to clean, helping to ensure years of service with limited wear and tear. The overall dimensions are 84.25″(L) x 56″(W) x 33″(H). It has a weight capacity of 600 lbs. It ships and arrives in 2 separate boxes. Delivery times may vary per box.

No doubt, it is a top-notch cheap living room set under $500.

Why We Picked It?

  • It is stylish and contemporary
  • Ottoman can be used as a footrest or additional seating
  • It is comfortable and built to last
  • Create a cozy space for yourself and your loved ones.
  • Furniture is easy to clean, meaning you won’t have to worry about spills or messes.

10. MERITLINE Sectional Sofa with Ottoman

 Sectional Sofa with Ottoman

Add a touch of classic charm to your home with the MERITLINE Sectional Sofa with Ottoman. This spacious L-shaped sofa is upholstered in a thick linen-like fabric and comes in a pebble gray or neutral beige tone that will compliment your space beautifully.

It features plush cushions and deep seating for enhanced comfort and comes with a matching ottoman for added convenience. The accent nail head trims along the armrests complete the look of this stylish sofa set.

Why We Picked It?

  • 1-year warranty
  • Together with quickly
  • High-quality materials made
  • Resilience foam with polyester fabric

11. HONBAY Convertible Modular Sofa with Reversible Chaise

living room sets under $600

Here we go for another cheap living room set under $500!

It is specially designed to be compact and comfortable, perfect for apartments, condos, and other small living spaces. It’s upholstered in durable, easy-to-clean polyester fabric and features a double sofa chaise so you and your partner can each have your own space.

The cushions are filled with a high-density sponge for ultimate comfort, and there’s even extra storage space under the seats – perfect for hiding blankets, DVDs, and other items. It is sure to be a hit with your friends and family!

Why We Picked It?

  • It is perfect for small spaces.
  • You’ll have plenty of comfortable seating with this chaise sofa.
  • The high-density sponge cushions will make you feel like you’re sitting on a cloud.
  • It is the perfect way to relax in comfort and style.
  • With extra storage space, you’ll be able to keep your room neat and tidy.

Frequently Asked Questions

Which is better leather or fabric sofa?

A fabric sofa can be a great alternative to a leather one if you have pets or children. They are easier to clean and maintain, and they also have a more modern look. They are more comfortable and durable, but leather couches look nicer and can be more expensive.

Is there a difference between a couch and a sofa?

No, not really. “Couch” and “sofa” are both terms for a piece of furniture that is designed for sitting on. The term “couch” is more common in the United States, while “sofa” is more common in the UK and Australia.

What size should a living room sofa be?

The size of the living room set should depend on the size of the drawing room. A small sofa would be appropriate for a smaller reception room, while a larger sofa would be appropriate for a larger sitting room.

Which one is better: contemporary or traditional?

A traditional living room set is usually made up of a sofa, a loveseat, and two chairs. Contemporary sets are usually more modern and may not include a loveseat. They often have the same number of chairs as a traditional set but they may be different shapes and sizes.

What types of materials should I look for in a living room set?

You should look for a living room set with durable materials. You should also consider the style of furniture you want to go with. It would be helpful to know if they have a large or small space, what type of furniture they already have, and what types of colors and patterns they like.

Bottom Line

In conclusion, if you’re on a budget, 10 cheap living room sets under $500 that are worth buying could be a good option. Some of these sets include affordable yet stylish pieces that will make your living room look great. If you’re looking for something to spruce up your home but don’t want to spend a fortune, these sets are a great option.

Sarah Smith

I'm Sarah Smith, a good housekeeper, blogger writer. Love to write about housekeeping, cleaning, cooking tips and tricks as well as life hacks related article and share online.