20 Gorgeous and Lovely Cheap Living Room Sets Under $500

Having a comfortable living room is everyone’s dream. You know that a comfortable living room makes us want to spend our time around with our family longer. We can create such a comfortable atmosphere in the room by upgrading the living room sets. To make that comfortable area, most homeowners think that they have to pay out a lot of money.

That’s true that the first problem of improving the living room of the house is the budget, right? That’s why we should always save our money for the home improvement project. But, still we have to use our money to fulfill our needs, that is the reason we always have a limited budget for the improving house project.

Cheap Living Room Sets Under $500 1

credit: Rooms To Go

When we have a limited budget, we always think that “is it possible to improve the living room with such budget?”. Now, we can say that the answer is “Yes, it is”. Because now you can find cheaper furniture to improve your living room. Here we have some references for you to improve your living room sets, the cheap living room sets under $500. Happy improving your living room!

Cheap Living Room Sets Under $500

Niagara Convertible Sofa (Price: $486.85)

Cheap Living Room Sets Under $500 2

credit: Wayfair

This adorable set will make your living room feel and look more enjoyable. Its neutral color will flow easily regardless of the style of your living room. With the price under $500, it’s totally worth to buy. The sofa can also be transformed into a medium sized bed for the more comfortable time that you spend with your family. (More complete about: Niagara Convertible Sofa Review)

Product Detail

Overall Dimension34 x 88 x 34 inches
Overall Weight180 lb.
MaterialChenille Upholstery, Metal Frame
Manufacturer`Beyan Signature
Product Review3.9 out of 27 reviews

Buchannan Microfiber Corner Sectional Sofa Dark Chocolate (Price: $469.00)

Cheap Living Room Sets Under $500 3

credit: Walmart

The pillowy dark chocolate sofa with seat and back cushions which can be one of the best options for you to buy. The color is so sweet and creating such an inviting atmosphere to your living room. It is totally suitable for your limited budget. (Check the complete detail about: Buchannan Sectional Sofa Review)

Product Detail

Overall Dimension
Overall Weight
MaterialHardwood Frame
Manufacturer`
Product Review2 out of 1 reviews

Tracton 2 Piece Sofa and Loveseat Set (Price: $460.99)

Cheap Living Room Sets Under $500 4

credit: Wayfair

The modern styled cheap living room sets under $500 comes with detachable pillows, and loose seat and back cushions, which is so perfect to be the cozy feature in your living room. The navy color of this easy-to-clean sofa is very gorgeous. Your limited budget is not a big deal anymore. (More details of: Tracton 2 Piece Review)

Product Detail

Overall Dimension
Overall Weight
MaterialHardwood Frame
Manufacturer`
Product Review2 out of 1 reviews

(You may also like: 15+ Adorable Bar Stools for Kitchen Under $200)

Bachman Chocolate Sofa and Love with Track Arms (Price: $399.99)

The adorable chocolate cheap living room sets under $500. The color creates an inviting earthy touch to the room, and perfect to complement the living room with calming color schemes. The set includes the sofa and loveseat.

Keter Urban Knit Pouf Set (Price: $98.99)

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The gorges poufs which will become the additional sitting area while enhance the attractiveness of your living room decor. You will get two chairs and one table with hidden storage. There are 3 color options which you can choose such as; taupe & blue, taupe & brown, and grey & white.

Product Detail

Overall Dimension22.3 x 22.3 x 12.5 inches (chair)

16 x 16 x 16.3 inches (table)

Overall Weight110 lb.
MaterialResin
ManufacturerKeter
Product Review4 out of 327 reviews

Jayapura 2 Piece Living Room Set by Alcott Hill (Price: $489.99)

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credit: Wayfair

The simply beautiful cheap living room set under $500 which include 2 loveseat to provide the coy sitting area in your house. It’s designed in a very sleek style with a catchy finish so it will become an attractive focal point in your living room.

Product Detail

Overall Dimension77.95 x 30.31 x 34.25 inches
Overall Weight95.04 lb.
MaterialPolyester Upholstery, Solid Wood Frame
ManufacturerAlcott Hill
Product Review4.1 out of 77 reviews

Best Choice Product Couch Set with Chaise Lounge and Ottoman (Price: $429)

cheap living room sets Under $500 12-min

credit: Amazon

This cheap living room set comes with one sofa, chaise lounge and ottoman which will make your living room feels so comfortable and looks so adorable at the same time. The design is quite simple with the white upholstery and black legs with tufted accent.

Product Detail

Overall Dimension84.25 x 56 x 33 inches
Overall Weight109 lb.
MaterialFaux Leather Upholstery, Solid Wood Frame
ManufacturerBest Choice Product
Product Review4.5 out of 30 reviews

Sebastian 2 Piece Living Room Set by Mercer41 (Price: $497.99)

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credit: Wayfair

Navy is surely one of the most stylish color that will make a living room decor look so admirable, and this cheap living room set under $500 is the great option to buy. It’s designed in modern style  with sleek line, chrome legs, and curvy arms that you will totally love.

Product Detail

Overall Dimension58 x 32 x 35 inches
Overall Weight90 lb.
MaterialPolyester Blend Upholstery, Solid Wood Frame
ManufacturerMercer41
Product Review4.5 out of 61 reviews

Harper & Bright Designs Chair and Loveseat Set (Price: $469.99)

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credit: Amazon

A cheap living room set under $500 to add to your shopping list which includes a beautiful chair and loveseat. The design of the set fits really well for you who love classic furniture since it has a roll arm and nail trim which looks so catchy.

Product Detail

Overall Dimension35.4 x 31.8 x 34.6 inches (chair)

57.5 x 31.8 x 34.6 (loveseat)

Overall Weight55 lb. (chair)

75 lb. (loveseat)

MaterialPolyester Blend Upholstery, Solid Wood Frame
ManufacturerHarper & Bright Design
Product Review

Merax Sectional Sofa with Chaise Lounge and Storage Ottoman (Price: $429.99)

cheap living room sets Under $500 15-min

credit: Amazon

An elegant cheap living room set under $500 which will provide a very comfortable sitting area for everyone and convenient storage station. Its clean-lined design and grey overall color make it fit for a modern decor perfectly.

Product Detail

Overall Dimension105.1 x 79.6 x 31.5 inches (sectional and chaise)

32.9 X 22.8 X 19.1 inches (ottoman)

Overall Weight97.4 lb. (sectional)
MaterialPolyester Blend Upholstery, Solid Wood Frame
ManufacturerMerax
Product Review4.3 out of 20 reviews

Bobo 2 Piece Living Room Set by Orren Ellis (Price: $405.99)

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credit: Wayfair

The design of this cheap living room set under $500 is so unique which will add a futuristic touch to your interior. It has a very great comfortable with its ergonomic shape and thick foam that will totally pamper you. You will get one chair and loveseat which will bring the style of your living room decor to a whole new level.

Product Detail

Overall Dimension61 x 33 x 35 inches (loveseat)

46 X 33 X 35 inches (chair)

Overall Weight69 lb. (loveseat)

56 lb. (chair)

MaterialFaux Leather Upholstery, Solid Wood Frame, Metal Legs
ManufacturerOrren Ellis
Product Review3 out of 4 reviews

Perz Sleeper Configurable Living Room Set by Latitude Run (Price: $479.98)

cheap living room sets Under $500 17-min

credit: Wayfair

The contemporary cheap living room set under $500 which is a great choice to update the furniture of your very own living room. It includes one rectangular chair and sofa sleeper in chic faux leather look with tufted accent and shining chrome legs.

Product Detail

Overall Dimension70 x 36 x 34 inches (sofa)

34.5 x 35 x 33 inches (chair)

Overall Weight55 lb. (sofa)
MaterialFaux Leather Upholstery, Solid Wood Frame, Metal Legs
ManufacturerLatitude Run
Product Review4.4 out of 187 reviews

Poundex Bobkona Norton Sectional with Ottoman Set (Price: $386.02)

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credit: Amazon

For you who have a small living room, this cheap living room set under $500 is one of the best products that you can buy. It comes with a small sectional which is enough to handle some guests without taking a lot of space and a matching ottoman to complete it.

Product Detail

Overall Dimension52 x 32 x 35 inches (sectional)

23 x 28 x 19 inches (ottoman)

Overall Weight183 lb.
MaterialFaux Leather Upholstery, Solid Wood Frame
ManufacturerPoundex
Product Review3.6 out of 15 reviews

Jopelli Sleeper Configurable Living Room Set by Hokku Designs (Price: $439.99)

cheap living room sets Under $500 19-min

credit: Wayfair

Beautify your modern living room decor with this stunningly glamorous cheap living room set under $500. The set includes one chair and sofa with a very plush flannel upholstery and dazzling chrome legs.

Product Detail

Overall Dimension52 x 32 x 35 inches (sectional)

23 x 28 x 19 inches (ottoman)

Overall Weight183 lb.
MaterialFaux Leather Upholstery, Solid Wood Frame
ManufacturerPoundex
Product Review3.6 out of 15 reviews

Madison Home USA Ultra Modern Plush Velvet Living Room Sofa (Price: $399.99)

Cheap Living Room Sets Under $500 6

credit: Walmart

This red colored sofa looks so attractive and totally worth to have. Surely, it will beautify your living room and become the focal point to the overall look of the room. It feels comfortable to sit on with its high-density foam in its easy-to-clean cushions and with the two pillows included. If you don’t like reds, the set is available in some other colors. Expensive? No, it isn’t!

Product Detail

Overall Dimension78 x 33 x 33 inches
Overall Weight110 lb.
MaterialHardwood Frame
Manufacturer`Madison Home USA
Product Review5 out of 2 reviews

Victoria Mid-Century Modern 3 Piece Lounge Chair and Side Table Set (Price:$399.99)

Cheap Living Room Sets Under $500 7

credit: Wayfair

Two mini chairs and a mini table which will surely make your small living room looks adorable. It is suitable for you to enjoy the intimate coffee time with your loved one. The natural wood color of the legs and the faded gray color of the chair is such a great combination to flow with every living room style. It is totally worth to have.

Product Detail

Overall Dimension27.76 x 23.62 x 24.8 inches (chair)

19.69 x 19.69 x 19.69 inches (table)

Overall Weight19.8 lb. (chair)

32.68 lb. (table)

MaterialPolyester Blend Upholstery, Hardwood Frame
Manufacturer`Wholesale Interiors
Product Review4.7 out of 7 reviews

Mainstays Tyler Microfiber Storage Arm Futon Sofa Sleeper (Price: $389.00)

Cheap Living Room Sets Under $500 8

credit: Walmart

This sofa with thick foam cushions totally looks and feels so comfortable. The blue color of the chair is so relaxing, very suitable for you living room. Worth to have for your movie watching time, this one also has storages in the arms and included two cups holder. The design is so modern and innovative, and also available in other colors. It’s really a great deal for your limited budget.

Product Detail

Overall Dimension86 x 37 x 36 inches
Overall Weight
MaterialMicrofiber Upholstery, Wood and Metal Frame
Manufacturer`Mainstays
Product Review4.1 out of 308 reviews

Montero Microfiber Convert-a-Couch Futon Sofa Sleeper Bed (Price: $379.00)

Cheap Living Room Sets Under $500 9

credit: Walmart

Product Detail

Overall Dimension73.5 x 34 x 35.25 inches (sofa)

38x 48 x 35.25 inches (chair)

Overall Weight85 lb. (sofa)

53 lb. (chair)

MaterialFlannel Upholstery, Solid Wood Frame, Chrome Legs
ManufacturerHokku Designs
Product Review4 out of 6 reviews

Another adorable yet comfortable sofa which can be transformed into a bed. The removable cushion can be cleaned and aired easily. It included a large space storage under the seat, and available in some other colors. Your limited budget is not a problem to take this one to your living room.

So those are some recommended cheap living room sets under $500 that you can use as the shopping reference when you area about to decorate or update your beloved living room. Though they are offered at a very low price tag, their design and material make them so worth to buy.

Just pick the one which suits your needs, taste, and the existing layout of your living room. Keep in mind to always pick the one which is adorable, comfortable, and durable all at once.

To ease you to pick a cheap living room set under $500, below we have some simple tips that you can think about.

Tips to Buy Cheap Living Room Sets Under $500

  • Choose the Right Style

The living room set is obviously the main focal point of the room which becomes the central attention. Therefore, it’s so important for you to choose the one which matches with the particular decorating style of your living room.

The set has to be able to create a nicely harmonious overall look so you can have a living room decoration which feels exhilarating. For instance, you have to buy a sleek clean-lined living room set if you have a minimalist modern living room decor.

  • Choose the Color

Another thing to consider to make your living room set become the key of the decor is about the color. Choose the living room set with the color which is similar to another element of th room. You can match it with the color of the walls, rugs, or other furniture.

  • Pay Attention to Reliability

Not only adorable, but the living room set that you are going to buy has to be durable and reliable at the same time. It relates to the material of the set, how it can provide the comfort for you and how long it will last. Always check out the materials quality and some reviews from the trusted customers.

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