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Adding a futon to your home brings a fair share of elegance and comfort. But finding the ideal one within your budget is a bit of a challenge!

There are quite a lot of futons available on the market, that too across a wide range of prices. And when you need to find one within a tight budget but do not want to compromise on the essentials like style and comfort, it can get confusing.

That’s why we’ve curated this list that includes 10 of the best futons that cost under $500.

So, without further ado, read on to know all the deets!

10 Best Futons Under $500

Last prices update on 2023-12-04. Source: Amazon

1. Kodiak Furniture Monterey Futon Set

Kodiak Furniture Monterey Full Futon with Suede Fabric Mattress in Barbados/Blue

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The first product on our list is the Kodiak Furniture Monterey Futon Set. If you’re living in an apartment with limited space, buying this Futon set is an added advantage. This versatile futon sofa converts into a bed quite easily. As a result, it is quite a good choice if you have a small apartment.

The futon has been constructed from strong plantation-grown hardwood, which is quite solid. Moreover, it is quite heavy, which means you will need help while assembling it.

Moving on, it comes with a barrel nut and bolt hardware that assembles and disassembles it effortlessly. In addition to this, its 8-inch innerspring mattress is quite comfortable for regular use.


  • Converts into a bed easily
  • Strong plantation wood construction
  • Comes with an 8-inch innerspring mattress
  • Has a 3-position frame


  • Needs help with assembling

2. Kodiak Furniture Aspen Futon Set

Kodiak Furniture Aspen Futon with Suede Fabric Mattress in Reclaim Mocha/Gray

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The Kodiak Furniture Aspen Futon Set is as comfortable as it looks. One thing we liked was that you could convert it into three positions effortlessly. This means that you get a good lounging sofa, a bed, or a regular cushioned chair in the same product.

Another reason to like the futon is due to the convenience it offers at this price. For a person who lives in a small and cozy space, it becomes impractical to have too much furniture.

In addition to this, we found that unpacking and assembling the product did not take too much of our time. We felt the only hindrance was that the futon itself requires more than two people to move around due to its weight.


  • Three comfortable positions
  • Converts to a comfortable bed
  • Does not need many tools for assembling
  • Has a solid, plantation wood construction


  • Quite heavy to move around

3. DHP Andora Modern Faux Leather Futon

DHP Andora Coil Futon Sofa Bed Couch with Mid Century Modern Design - Navy Blue Linen

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There’s something charming about a faux leather futon that is a perfect blend of modern and classic. That’s why you’re sure to love the DHP Andora Modern Faux Leather Futon. Plus, it has seats that are independently coiled.

This futon is a perfect blend of vintage and modern for people who are confused about whether they want modern or mid-century designs. This makes it not just affordable but also elegant enough for your living space.

Another reason to love this futon is its multi-functional feature. If you live in a small space, this is an ideal option if you want both a sofa and a bed. Why? Because this futon folds easily to make a decent-sized bed.


  • Independently coiled seats for comfort
  • Mid-century modern design provides elegance
  • Center legs give further support
  • Can be converted to a bed easily


  • Cushion’s firmness does not provide comfort as a bed

4. DHP Ivana Gray Velvet Tufted Futon

DHP Ivana Tufted Futon, Grey Velvet

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The DHP Ivana Gray Velvet Tufted Futon is ideal for small living spaces. And that’s because it doesn’t take too much space and can be folded back to become a bed.

Another reason to buy this futon is its versatility. It can be flexed to become a comfortable enough bed or a sofa. It can also be positioned into becoming a regular cushioned chair.

Along with this, we loved this futon because it could be assembled rather quickly. We didn’t need to spend too much time wondering how to put it together. However, we did feel that it isn’t too comfortable as a bed.


  • Ideal for small living spaces
  • Combination of vintage and modern design
  • Allows for multiple positions
  • Easy to assemble


  • Lesser comfort when used as a bed

5. Novogratz Modern Green Velvet Futon

Novogratz 2358979N Skylar Coil, Modern Sofa Bed and Couch, Green Velvet Futon

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If vintage isn’t your style, then the Novogratz Modern Green Velvet Futon might be ideal for your needs. The futon comes with a pocket coil that is comfortable for those who use it. The velvet texture and its modern design add a touch of contemporary sleekness to your living space.

If you’re one of those people who needs to save up space, this futon is ideal for your needs. You can push this sofa into a bed that provides reasonable comfort.

In addition to this, the sofa is durable and lasts longer than you would expect. Lastly, you can assemble it with little to no hassle.


  • Pocket coil seating provides further comfort
  • Quick and easy assembly
  • Multipurpose furniture for smaller living spaces
  • Durable and long-lasting


  • Screws can be fasted only by hand

6. Novogratz Tallulah Memory Foam Futon

Novogratz Tallulah Memory Foam Futon, Pink

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The Novogratz Tallulah Memory Foam Futon, at first glance, seems perfect for smaller living spaces. The futon has a high-density foam that’s ideal to settle back on after a long and tiring day.

Another reason to love this futon is its practicality. A number of people going for smaller living spaces don’t have the energy to pack in a lot of furniture. This futon offers them three-in-one versatility. You can use it as a bed, a comfortable couch, or even as a standard chair.

In addition to this, we loved the fact that we didn’t need to take too much time to assemble this product. We do feel that it is perfect only for short-term usage as the comfort levels decrease over time.


  • High-density foam offers comfort
  • Unique vintage design
  • Easy to assemble
  • Three-in-one furniture for smaller living space


  • Not ideal for long-term use

7. Novogratz Regal Tufted Linen Futon

Novogratz Regal Futon with Tufted Linen Upholstery, Navy

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The Novogratz Regal Tufted Linen Futon has a sturdy wooden frame that gives it a lot of strength. Personally, we felt that the wooden frame with the cushions makes for an elegant-looking futon.

The futon is practical if you live in a smaller space and can accommodate only so much furniture. Like a lot of futons, this one too provides a multipurpose feature.

If good looks and good usage go hand-in-hand, then you can be sure that its ease of use is another reason to love this. The futon can be assembled easily by hand, which is quite a relief if you’ll be ordering this online. The firm cushion, however, doesn’t offer enough comfort.


  • Has a sturdy wood frame
  • Easy to assemble
  • Multipurpose futon for limited space
  • Classy and unique design


  • Firm cushions offer limited comfort

8. Pearington Leather Lay Flat Futon

Pearington Bella Multi Position Leather Lay Flat Futon Sofa Bed, Black

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At first glance, the Pearington Leather Lay Flat Futon looks like a high-end futon. The design is unique and gives it a plush look. Plus, the black cushion looks great and offers enough comfort for your needs.

We loved this futon not just for its unique look. When pulled back, the futon becomes a comfortable bed. It also fits well if you’re looking for a lounge space. This is mainly due to the reclining backrest that provides a lot of comfort.

Furthemore, its stainless steel frame offers a lot of sturdiness. This is one reason to go for this model because we found the steel frame to be quite unique. However, the futon is not designed for long-term use.


  • Can be converted into a comfortable bed
  • Comes with a reclining backrest
  • Designed with stainless steel legs
  • Unique and stylish design


  • Cannot be used for a long time

9. Mopio Chloe Futon Sofa Bed

mopio Chloe Futon Sofa Bed, Convertible Sleeper Sofa with Tapered Wood Legs, 77.5' W, Small Splitback Sofa for Living Room Dark Gray Fabric, Twin

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The Mopio Chloe Futon Sofa Bed, like the name suggests, is the ideal piece of furniture for small living spaces. It comes with an adjustable cushion that you can move to suit the angle you prefer.

You’ll like this futon, especially for its convertible feature. A couple of adjustments gives you a very comfortable-looking bed.

People have a significant problem with some brands of futons because cleaning underneath them is an uphill task. Not on this particular one. The futon has been designed to allow for easy cleaning due to the position of its legs.


  • Comes with an adjustable cushion
  • Can be converted into a bed
  • Easy cleaning access
  • Strong wooden frame and durable fabric


  • Setting up the legs needs time

10. Pawnova Modern Futon Sofa Bed

Pawnova, Blue Modern Couch Living Room, Upholstered Convertible Folding Futon Sofa Bed with Fabric Tufted Split Back, Solid Wood Legs and Straight Armrests, 75.50'x 26.80'x 15.50'

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We loved the perfect blend of Nordic and modern design on the Pawnova Modern Futon Sofa Bed. It looks elegant and classy. Along with that, the fabric design is exquisite enough that it looks high-end even though you could easily afford it.

Aside from the looks, the most attractive feature we found was its multipurpose function. The futon turns itself into a lounging sofa, a bed, and an office couch. This makes it quite an essential addition to any home.

We also loved the fact that the futon comes with an adjustable backrest. This offers enough comfort for your needs.


  • Excellent fabric design
  • Multipurpose function
  • Has an adjustable backrest
  • Strong wooden frame ensures long life


  • Padding on cushions seems too firm


Out of all the futons on this list, our favorite was the Mopio Chloe Futon. It is quite versatile and has a pretty elegant look to it. In addition to this, the futon provides a piece of multipurpose furniture that actually lasts long.

When it comes to buying any of these futons, don’t forget to assess your living space before selecting one that is suitable.

We’ve covered almost all aspects that you need to keep in mind before making a purchase. So, here’s hoping that this guide answered all your questions and helped you pick the ideal futon for your home or office.
See you next time!