Best Cheap Living Room Sets Under $500 | Reviews (2020)

If you’ve done any furniture shopping, you know how expensive a living room set can be.

The best cheap living room set under $500 is not only a life saver to your living room, but to your budget as well.

Considering the average cost of furnishing a home, finding an affordable living room set can be a perfect way to start saving money.

You just need to know where to look.

UPDATE: We’ve reevaluated the options for living room sets under $500 available online and have added additional user reviews for 2020.

10 Best Cheap Living Room Sets Under $500

Living room furniture is expensive!

If you’re anything like us, spending a lot of money on furniture can seem like a waste; there are so many more fun items to buy for a house.

Affordable living room furniture sets don’t have to be low quality though.

Check out these 10 living room options for the smart furniture shopper.

Poundex F6904 Bobkona Windsor Linen-Like 2 Piece Sofa and Loveseat Set

Details

Colors

• Light Coffee
• Black

Dimensions

Total dimensions: 71″ x 32″ x 36″

Our Take

Reviewers love not only how comfortable the Poundex F6904 Bobkona Living Room Set is but how easy it is to assemble. For the price, it’s tough to find a better all around sofa and loveseat set under $500.

Many buyers have been surprised at how light the sofa and loveseat are. They are extremely easy to move around.

It is worth noting that these pieces do have relatively low backs. Some buyers love the look, while others wish for a little more upper body support.

Poundex F6543 Living Room Chaise Lounges

Details

Colors

• Slate
• Mocha
• Light blue
• Sand
• Espresso
• Chocolate
• Black
• Blue
• Gray

Dimensions

Reversible L/R Chaise: 75″ x 34″ x 35″

Sofa: 70″ x 34″ x 35″

Ottoman: 35″ x 24″ x 19″

Our Take

We like the compact dimensions of the Poundex F6543 Living Room Set, the ease of assembly, and the convenience of the extra storage in the ottoman.

However, some buyers have complained about the initial stiffness of the sofa. Fortunately, most reviewers have found that the sofa does soften up and is quite comfortable after some use.

Assembly isn’t difficult, but we, and other buyers, found the instructions to be far from clear.

Real HomeGenerosity Reader Review

“My boyfriend and I just moved in together and we didn’t have any furniture! We didn’t want to spend a lot of money so we bought this couch set (even though we were skeptical of buying a couch online). So far so good. It’s not the softest couch ever but it doesn’t seem cheap looking at all.”

Merax Sectional Sofa With Chaise And Ottoman 3-Piece Sofa For Living Room

Details

Colors

• Gray
• Light Gray
• Light Blue
• Brown

Total Dimensions:104.7″ x 88.58″ x 30.9″

Our Take

Customer feedback on the Merax Living Room Set has been very positive in terms of quality, comfort, and aesthetics.

The few complaints that reviewers have voiced have been about the two sections sometimes separating due to the sofa and loveseat being very lightweight.

What we really like is how great Merax’s customer service is. Several buyers have received couches damaged in shipping and Merax quickly replaced the couch at no cost.

What else is good about this set?

It may not be the most important feature but the ottoman storage is clutch for storing extra throw blankets.

The Merax was an easy addition to our list of cheap living room sets under $500.

Poundex All-In-One Sectional With Ottoman and (2) Pillows

Details

Colors

• Blue Gray

Dimensions

Reversible sectional: 81″ x 60″ x 34″

Ottoman:  45″ x 26″ x 19″

Our Take

Reviewers like how easy this all-in-one sectional is to put together.

Quality and comfort is in line with our other cheap living room set selections.

One downside is that reviewers have complained that the seat cushions are a little stiff before being broken in.

Harper&Bright Designs 3 Piece Living Room Set

Details

Colors

• Black
• Gray
• Brown Pu
• Pu Brown

Dimensions

3 Seat Sofa: 78.7″ x 29.5″ x 34.8″

Loveseat:  55.1″ x 29.5″ x 34.3″

Single Seat:  33.5″ x 29.5″ x 34.3″

Our Take

Harper&Bright has made a good looking living room set for cheap.

As with the other affordable furniture sets we have featured, this set is easy to assemble, and comes with passable instructions.

Reviewers only significant complaint has been that the shade of color shown in the pictures may be slightly different than the product you receive.

We really like this set as it provides everything you need to fill a living room for not a lot of money.

HomeGenerosity Editor Review

“I recently visited an old college friend over the holidays. He had told me that him and his girlfriend had bought this living room set for their new apartment based on this article. Our readers weren’t wrong. At a super affordable price point, this Harper&Bright set filled their living room and was both comfortable and appeared well-made. I’ll have to check in with him later on to see how it withstands wear and tear, but I was impressed.”

Harper&Bright Designs Upholstered Sofa Couch Living Room Set

Details

Colors

• Brown
• Beige
• Gray

Dimensions

Sofa:  78″ x 30.3″ x “34.3”

Loveseat:  61″ x 30.3″ x 34.3″

Our Take

Reviewers have found the Harper&Bright Upholstered Living Room Set to be a great overall value.

The cushions are soft and comfortable and the overall construction is above average quality for the price point.

The one complaint we’ve found is that the couch and sofa back may be a little low for some users. However, if that is the look you are after, this set should be one of your top choices.

Christopher Knight Home 300976 Marston Mid Century Modern Fabric Recliner

Details

Colors

• Light gray

Dimensions

Recliner: 27.2″ x 34″ x 38″

Our Take

While not a full set of furniture, this pair of recliners is perfect for a small living room or an apartment.

Buyers love the construction and materials and their understated look.

The only complaints noted have been that they could be slightly short for taller users.

Sofamania Mid-Century Modern Living Room Large Accent Chair With Footrest/Storage Ottoman

Details

Colors

• Light grey
• Orange
• Sky blue
• Yellow

Our Take

We love the 4 colors that Sofiamania offers in this accent chair and ottoman combination.

Reviewers have noted some quality concerns but most agree that the incredible price outweighs any sacrifice in quality.

What Is Included In a Living Room Set?

Living room sets include two or more pieces of furniture, and usually include a configuration of sofas, loveseats, ottomans, end tables, coffee tables and lamps.

Three-Seat Sofa

This is your standard sofa: a classic seating piece which is found in most homes.

However, this does not mean that you won’t have plenty of options to choose from; sofas are sold in a mind boggling number of styles, shapes and materials.

The cost of a sofa ranges from a few hundred dollars to several thousand; with materials, build quality, and type of design, dictating price.

Sectional Sofa

This can be a bit more expensive than three seat sofas, because they can come in more than a single piece and are usually larger and L-shaped.

Sectionals seat more people than a regular sofa, and are offered in nearly as many different styles, colors, and fabrics as sofas.

Loveseat

This is another versatile option with many great uses.

You can pair a loveseat with a sofa, or use it as your room’s main piece.

It also works perfectly in small spaces in which a sofa would be too cumbersome.

Obviously, as a smaller piece, this is a less expensive solution, and great for those who want to save as much as possible.

Ottomans

Almost a must-have in contemporary living rooms, ottomans are a very quirky and useful piece of affordable furniture.

An ottoman not only creates some extra seating, but it can also be used for storage, or simply for decoration.

End Tables

End tables are the swiss army knife of the living room, and can be used to hold lamps, a cold drink, TV remote, or decor.

End tables usually come in sets of two or three, often with a matching coffee table.

Coffee Tables

Coffee tables are usually long and low tables which can be placed both in front of, or next to, a sofa.

They are ideal for supporting books, accessories, lighting, and of course coffee.

They can also come in handy during a party, to display hors d’oeuvres and hold guests’ beverages.

Coffee tables range widely in price, and are offered in a wide variety of materials and designs.

Miscellaneous

Affordable living room sets on the higher end of the low cost spectrum may include miscellaneous pieces such as demilune tables, lamps, or matching throw pillows.

If you can find such pieces in a low cost set, great. If not, don’t worry about it. You can always add complementary pieces later.

Buyer’s Guide for Finding a Living Room Set Under $500

Cushions

The filling material of your sofa is obviously very important, since your sofa won’t be simply showcased as a decorative piece, but will be your living room’s main seating option for you and guests.

Many furniture buyers prefer feather-filled cushions as they insist they are the most comfortable.

Just remember, with feather-filled cushions, you may have to do some intermittent fluffing here and there.

White foam or fiber-filled cushions provide a more economical option, but as a trade off, are more prone to lose their shape over time.

An ideal solution would be a combination of either fiber or foam and feathers.

Fabric

The type of fabric you will choose for your living room set will have a major impact on both the comfort and durability of the set.

Therefore, it is important to consider the materials that not only work well with your decorative scheme but also meet certain technical requirements.

For example, if there is a window close to the sofa, you might want to avoid natural materials, which can fade with time.

Also, think about the main users of the couch: if you have kids or pets around, find a material that can be cleaned easily such as leather, vinyl, or acrylic. If such materials are not an option, consider a more durable polyfabric such as in the Poundex F6543 Living Room Set.

Measure Your Space

Don’t forget to carefully measure your space to make sure that your new living room set will fit perfectly.

Avoid a rookie mistake and also consider the doors and stairways that the set will have to pass through when delivered. For very tight places, you might want to find a low-back option, a set with removable legs, or even a modular design.

Budget Living Room Tips

Choose your other pieces of furniture and the surrounding decor to match your living room set. Interior decorators often advise to start from the main piece and work your way out.

While it’s absolutely important to make sure that the room looks cohesive and matches perfectly, don’t over do it, or you will wind up feeling as if your living room is overcrowded.

Enjoy Your New Affordable Living Room Set (And The Extra Money in Your Wallet)

The quality of today’s living room sets under $500 is amazing.

Gone are the days of having to live with furniture that falls apart just because you don’t want to spend a ton of money.

All of today’s options can’t fit in one article but we hope that this guide gives you an idea of the best cheap living room set options available online.

If you have any questions on any of the sets we’ve discussed, or have purchased a cheap living room set and would like to give us your HomeGenerosity reader review, feel free to contact us.

We love to hear from our readers.