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Editor’s Note: Buying a living room set under $500 is usually a bad idea. They’re usually cheaply made and break down quickly. The good news? There’s 5 surprisingly quality, inexpensive living room set options under $500 in 2018. Our favorite is Merax Sofa 3-piece Sectional Sofa with Chaise Lounge/Storage Ottoman/7 Back Cushions/2 Throw Pillows. It has a modern look and they’re genuinely built well for their insanely low price. Continue below to check out our complete review on the best cheap living room sets under $500 that come with faux leather, 4 free pillows, an ottoman, and a chaise + ottoman!

Overall Best

2019-05-24

25 Reviews | 3.9

Faux Leather

2019-05-24

86 Reviews | 4.0

Best Value 

2019-05-24

102 Reviews | 3.5

W/ Ottoman

2019-05-24

8 Reviews | 3.6

W/ Chaise

2019-05-24

64 Reviews | 4.2

5 Cheap Living Room Sets Under $500

best cheap living room set under 500 - Poundex F7857 Bobkona Aria Faux Leather 2 Piece Sofa and Loveseat Set, Espresso
Poundex F7857 Bobkona Aria Faux Leather 2 Piece Sofa and Loveseat Set on Amazon

Living room furniture sets are big purchases. Like most people, you probably want an affordable living room set without looking cheap. Something budget-friendly, feels great, looks expensive, and performs well. The good news? We found 5. Not just any 5 furniture sets for your living room, mind you, but 5 legitimately cheap options that don’t sacrifice quality or style. 

Continue below for a breakdown of the 5 cheapest living room sets under $500. 

Our 6 criteria for finding the best cheap living room sets under $500 in 2018 are:

Our Criteria

  1. Must have at least a 3.5 rating out of 5 on Amazon with at least 1 verified review
  2. Shipping cost must not be excessive
  3. Design material has to be sturdy & long lasting (for it’s price)
  4. Shipping must not take over 2 weeks
  5. Must be in-stock
  6. Must use comfortable material without being too firm (a problem with cheap living room sets under $500)

Editor's Picks

  1. Best Overall Cheap Living Room Set Under $500 Merax Sofa 3-piece Sectional Sofa with Chaise Lounge/Storage Ottoman/7 Back Cushions/2 Throw Pillows
  2. Best Cheap Living Room Set Under $500 With Bonded Leather Poundex F7857 Bobkona Aria Faux Leather 2 Piece Sofa and Loveseat Set, Espresso
  3. Best Cheap Living Room Set Under $500 With 4 Accent Pillows – Poundex Windsor Linen-Like 2 Piece Sofa and Loveseat Set
  4. Best Cheap Living Room Set Under $500 With Ottoman  Poundex Norton Linen-Like 4 Piece Sectional with Ottoman Set
  5. Best Cheap Living Room Set Under $500 With Chaise – Poundex Bonded Leather Chaise SECTIONAL Set with Ottoman

*Editor’s Note: Several of our picks are slightly over $500. Why? We wanted to make sure we recommended the absolute best cheap living room furniture sets that give the ultimate bang for your buck. Spending an extra $20-$60 above $500 benefits longevity, quality, and savings.

Editor’s Notice: Classic 2 Tone Linen Fabric and Bonded Leather Sofa and Loveseat is out of stock. We recommend taking a look at Merax Sofa 3-piece Sectional Sofa with Chaise Lounge/Storage Ottoman/7 Back Cushions. It’s priced under $500 (at the time of this writing), and it’s a beautiful leather look that’s a 3-piece sectional! It comes with a chaise lounge, storage ottoman, 7 back cushions, and 2 throw pillows. This is genuinely one of the best values we’ve ever seen for 3-piece cheap living room sets under $500.

Out of stock
  • Material – Microfiber & bonded leather upholstery.
  • Frame – Hardwood.
  • Color – 2 Tone Linen Color.
  • Modern, clean look
  • Overstuffed cushions
  • Durable hardwood frame
  • Microfiber & bonded leather
  • Won't fit some living rooms

Editor's Note

Our top pick for our favorite cheap living room set under $500 is from Divano Furniture. They’re gorgeous stuffed sofa & loveseat combo is made from microfiber & bonded leather. It’s not only comfortable, but surprisingly durable. Each piece rests on a hardwood frame. The 2-tone light gray and cream match almost any home decor. This is unquestionably the best cheap living room set under $500

Verdict: Divano Roma’s Classic 2 Tone Linen Fabric and Bonded Leather Sofa and Loveseat is a gorgeous & practical living room furniture set that doesn’t sacrifice quality. This is our overall pick for cheap living room sets under $500 for a reason. You’ll have an difficult time beating the value & durability for it’s price point. It does a lot of things right, including use of comfortable microfiber & durable bonded leather upholstery. All resting on a solid hardwood frame. It’s built to last with normal, prolonged use. 

Firmness: Cushions are overstuffed for durability & comfort. They are not too firm for most people – about a 6 on a 1-10 firmness scale (with 10 being table-top hard). Most people will find the cushions the exact right firmness for long sitting periods.

Ideal For People That:

  • Are looking for a durable cheap sofa & loveseat priced to last. 
  • Want a living room set with minor assembly and easy setup with all tools included. 
  • A medium firm seating area that provides really good support without sinking into the cushions.
  • Enjoy a soft, microfiber feel that makes cleaning jobs easy & makes for a very sitting soft surface.
  • Want practical living room furniture that matches almost any living room decor. 
  • Want a removable, functional, and practical living room set. 
Out of stock

Editor’s Notice: Case Andrea Milano’s 2 Piece Modern Black Bonded Leather Sofa and Love Seat Set is out of stock. We recommend taking a look at Poundex F7857 Bobkona Aria Faux Leather 2 Piece Sofa and Loveseat Set in Espresso. It’s priced under $500 (at the time of this writing), and it’s a beautiful classic look with tufted seats, 4 free pillows, and a firm but comfy feel. It’s an incredibly value that can’t be found many other places. 

  • Material – Bonded leather.
  • Frame – Hardwood.
  • Color – Black.
  • Fast delivery
  • Very easy assembly
  • Durable bonded leather
  • Ideal for small living rooms
  • Modern black color might not match some decors

VerdictCase Andrea Milano’s 2 Piece Modern Black Bonded Leather Sofa and Love Seat Set is an easy choice for people looking for a cheap living room set that actually looks (and is) high quality. Shipping is fast, and the quality is unbeatable if you’re on a strict budget. The overall weight is not heavy, so assembly is very straightforward & quick. They’re built to last, sturdy design, and they look even better in person than pictures on Amazon. It’s a beautiful stern black that matches well with many home decors. 

Firmness: Case Andrea Milano’s black sofa and love seat are on the firmer side, but it’s still very comfortable. We estimate firmness is about a 6.5 on a 1-10 scale; a little more toward the firm side, but not too firm for most people. Each cushion gives good resistance so you’re not sinking in. It’s not anywhere near tabletop hard, so you won’t feel sore sitting for long periods of time. Our favorite part? It has memory foam seat fillings that genuinely add a whole different (better) level of comfort compared to other cheap living room sets under $500. 

Ideal For People That:

  • Love a high quality, black leather look.
  • Want a durable material in bonded leather that’s built to last for many years of normal use.
  • Are on a strict budget and need seating arrangements in a small apartment or room in your home.
  • Want fast delivery. Delivery takes a little under 7 days once you order on Amazon
Best Value 
  • Material – Linen-like cushioned fabric with asymmetric tufting and light accent stitching.
  • Frame – Hardwood twist-on legs.
  • Color – Blue grey, sand, black, and light coffee.
  • Durable linen and strong seems
  • Very easy assembly
  • Comes with 4 accent pillows
  • Longer delivery time

VerdictPoundex’s Bobkona Windsor Linen-Like 2 Piece Sofa and Loveseat Set in Black is simple and beautiful upholstered linen-like fabric living room set. It’s asymmetric tufting and light accent stitching make it a very aesthetically pleasing design. It’s blue grey, sand, and black coloring with a light coffee accent make it beautifully blend in with mostly any decor with ease. The best part? It comes with 4 accent pillows that add flavor & style to an overall beautiful cheap living room set. This is a perfect living room set for your first apartment or college dorm, and it’s genuinely supposed to last at least 5+ years with normal use + good care. 

Firmness: Firmness is about a 5.5 on a 1-10 scale. Slightly on the firmer side, but still soft enough to support laying on your side and sitting for longer sitting sessions.

Ideal For People That:

  • Are fresh out of college or moving into a smaller dorm. 
  • Want an easy assembled, cheap option for a full living room set under $500. 
  • Want a plush seating arrangement that accommodates sitting positions for long periods of time.
  • Want stylish affordable colors and tufting designs in their living room furniture (make sure it matches your home decor). 
With Separate Ottoman
  • Material – Each piece is accented with asymmetrical tufting and stitching. 4-piece modular sectionals covered in soft linen.
  • Frame – Hardwood twist-on legs.
  • Color – Carmine red.
  • Comes w/free Ottoman
  • Beautiful contemporary + classic design
  • 4 fully modular pieces for customization
  • Red carmine color may not match certain decors

VerdictPoundex Norton Linen-Like 4 Piece Sectional with Ottoman Set is surprisingly well made and comfortable for it’s sub-$500 price. It has a very contemporary yet classic design. It comes in 4 fully modular pieces covered in soft linen. It’s accented with asymmetrical tufting & stitching that enhances the look & feel. The finish is a beautiful carmine red. The main feature we loved most was it’s matching cocktail ottoman that should be a several hundred dollar piece on it’s own. Another noteworthy addition is 2 accent pillows that come with it pictured above. It’s build quality matches its heavy weight. These things are heavy; 183 lbs of heavy to be exact.

Note: It’s blue-grey alternative is priced over $100 more (at the time of this post). This is another reason why it’s such a strong value for the price.

Firmness: Firmness is closer to a 5 on a 1-10 scale. A medium-firm feel. Not too firm, not too soft for most people. Cheaper living room furniture tends to be firm, so we like it’s softer appeal. It still has great plush seating and sturdy back support for long sitting sessions. 

Ideal For People That:

  • Could use a beautifully accented Ottoman to match their living room set. 
  • Have living room decor that matches carmine red.
  • Living in more intimate spaces.
  • Want to mix and match different designs with 4 fully modular sections.
With Chaise
  • Material – Each piece is accented with asymmetrical tufting and stitching. 4-piece modular sectionals covered in soft linen.
  • Frame – Hardwood twist-on legs.
  • Color – Carmine red.
  • Dimensions: 75 x 104 x 35 inches
  • Comes with 4 pillows
  • Customizable Chaise
  • Comes w/free Ottoman
  • Perfect for small living rooms
  • Fast delivery vs. alternative e-tailers

Verdict: Although Poundex’s Bonded Leather Chaise SECTIONAL Set with Ottoman didn’t make our Editor’s pick, it came close. Really close. Why? A few reasons. It’s one of the only cheap living room set under $500 that comes with a chaise. Not just any chaise – you can decide which side you want the chaise on. This is a hugely popular feature not all sectionals offer. Other notable features that make this stand out in big ways are it’s free matching ottoman, 2 free accent pillows that beautifully match, and it’s ideal size for small living spaces. For under $500 you’ll be hard-pressed to find something as versatile as Poundex’s Chaise Sectional Set w/Ottoman

Firmness: Poundex’s Sectional comes with seat cushions filled with foam and inner springs. Not many cheap sectionals do this under $500. They managed to fit it in at this price point. The main benefits include increased durability & make for genuinely more comfortable seating. If you sit for long periods on your couch, having this innerspring system in the cushions make a big difference. Firmness is about a 6.5 on a 1-10 scale, with 10 being table-top hard. Not too firm for most people, especially long sitting sessions. 

Ideal For People That:

  • Want customization with a fully functional chaise that can go on either side of the sectional.
  • Want a free Ottoman that perfectly matches the living room set.
  • Want 2 free pillows that elegantly accent the sectional. 
  • Want durable cushions built to last with a sturdy innerspring system built-in. 

Comment below if you have any questions!

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