Having a tiny living room or a limited budget doesn’t mean that you should sacrifice style. With so many compact designs available at a reasonable price, you can quickly turn your space into a modern and stylish retreat.

The Decoist team undertook the tedious task of searching for budget-friendly and modern sofas for small spaces. We compiled a list of the best sofas under $500, perfect for tiny living rooms. The list will help you will find the right match for your specific needs and refined taste.

Gray armless sofa

This modern and sophisticated sofa takes budget shopping to a whole new level. The armless design leaves ample seating space and doesn’t bring visual weight. Enjoy a cozy two-seater during the day, and you can transfer it to a comfy bed at night. 

Sleek faux leather loveseat

This simple loveseat will perfectly complement your interior with its refined design. Moreover, the neutral cream tone will fit in any color scheme. The multifunctional furniture piece transforms into a guest bed within seconds. 

Velvet armless loveseat

This loveseat will find its place in modern rooms that are craving a little personality. The design features a slightly rounded silhouette for a retro look. In addition, the deep emerald tone will make a bold statement in your tiny living room. 

Camel sofa

With its clean lines and streamlined aesthetics, this sofa will make its way to modern and contemporary interiors. The warm camel tone will make a subtle statement in your living room, while it doesn’t overpower the other elements.

Blue velvet sofa 

Create a luxurious living room that gives off elegant vibes, no matter how small it is. This blue velvet sofa will bring the high-end look you are after while staying within your budget. Keep the other furnishings neutral to let this beauty stand out.

Modern arm sofa

The compact sofa features a modern and sophisticated design in a lovely mocha tone. With additional neutral colors to choose from, anyone can find a choice that seamlessly blends into their living room. If you have kids or pets, you will appreciate that the piece is covered in low-maintenance fabric. 

Simple sofa bed

With its sleek design and tufted details, this futon sofa is a versatile piece that brings elegance to the space. The faux leather in a camel tone makes this furniture look expensive, without a hefty price tag. 

Classic design

Whether you want to read a good book or enjoy your favorite TV show, the Denver Teardrop-Arm sofa provides plenty of comfort. The design is classic but still versatile enough to complement different styles. 

Convenient armrest sofa

The versatile sofa has a fold-down armrest, with the intelligent addition of cupholders for the utmost convenience. The modern design features masculine aesthetics that will look sharp in modern and sophisticated interiors.  

Pink velvet couch

No matter how tiny your living room is, don’t be afraid to inject a dose of style with a statement piece. This simple sofa comes in a gorgeous pink tone, bringing a pop of color into the space. Complement with contemporary elements for a sleek yet feminine room.

Low-profile sofa

This low-profile sofa creates the illusion of spaciousness in small living rooms. The sleek design doesn’t appear visually heavy, which is ideal for tight spaces. The innovative design features a handy USB port on the inner side of the armrests. This smart addition allows you to charge your mobile devices while relaxing or entertaining in the comfort of this cozy sofa.

Tufted armless sofa

The Chretien sofa in mustard is an ideal accent piece that will bring freshness to your small living room. Furniture with elegant slender legs works perfectly in a modern room.

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