18 Best Cheap Living Room Sets Under $500 and $700

Cheap living room sets under $500, and $700 are not so hard to find. In this review, We have picked eighteen of the best living room sets which prices are under $500 and $700.

We have selected all the living room sets based on brands, high-quality materials, customer reviews, comfort, style, affordability, durability, and price that you will love.

Another key factor is to consider the quality, making material, long-lasting, and finding the best and most attractive living room sets within a specific budget.

Top 15 Cheap Living Room Sets Under $500 and $700

We’ve done a long stretch of time of research to find the best furniture sets for the living room. Selected all the living room sets under $500 and $700 are very nice to look at, firm, high quality, long-lasting and comfortable, which will make your living room more great and attractive. Let’s take a look……

1. Poundex Upholstered Sectional Sofas

When you search on google for cheap living room sets under $500 or $700 and will find many sofa sets of different sizes, designs, and colors. However, I think it will be one of the best sofa sets for your living room.

Cheap living room sets under $500

Poundex Sectional sofa is one of the best cheap living room sets I have ever seen at under $500. The position of this sofa set is at the top for durability, high-quality materials, and comfort.

Product Highlight:

The seats are filled with foam and the seat cushions of the sofa are filled with internal springs, which is making the sofa very comfortable and strong.

Poundex sofa sets use very high-quality linen-like fabric. The seam strength, wearability, and beauty of this fabric are very high quality.

It has a loose back pillow and the number of seats is three. Under $500, This living room set allows the reversible design of the sofa to set up the chaise on the right or left configuration.

The L / R Poundex sofa set dimension is 84 x 34 x 35 inches and the dimensions of the sofa are 70 x 34 x 35 inches. It has an interesting ottoman and the dimension of the ottoman is 35 x 24 x 19H inches.

You can place the Ottoman as you wish and also use this beautiful matching ottoman as an extra seat if you wish. The seat depth of the reversible Poundex sofa is 21 inches.

Poundex sofa works perfectly in any size of the living room or apartment in classic style or contemporary. All colors look very beautiful and attractive. You can purchase this sofa set without any worries.

Dimensions:

  • Sofa: 70 x 34 x 35 inches
  • Ottoman: 35 x 24 x 19 inches

Weight Capacity:

203 pounds.

Colors:

Available in 4 colors

  • Sand
  • Gray
  • Teal
  • Chocolate

Summary:

We would highly recommend you to purchase this cheap living room set for your living room. When the sofa is assembled, the height is 35 inches, the width is 35 inches and the length is 76 inches.

You can move the arm of the sofa from one side to another side, likewise with the chaise of the sectional sofa.

2. 4-seat L-Shape Reversible Sectional Couch

If you looking for medium or large-size living room sets under $500 or $700, then this L-Shape 4-seat Reversible sectional sofa is the best for you. It is perfect for a medium or large size living room.

Product Details:

4-seat Reversible sectional sofa set is available in 2 types of Fabric and Leather. Choose and buy a fabric or leather sofa set of your choice.

Living room sets under $500

leather and fabric both sofas uses high-quality materials that are very strong and durable.

Even if you have a large number of guests or family members, there is no problem. Because this sectional sofa set is able to provide more seats than other sofas.

This sofa couch is very strong and comfortable. It is one of the best sofas in the Hanoi brand. Its seats are very comfortable.

The frame of this sofa is made of very hardwood, so you will never have to worry about it sinking.

It is suitable for any living room, apartment, condo. With just under $500, this cheap living room set uses high-quality fabric and the fabric is soft, non-peeling, durable.

The seat cushion comes with pocket coils and serpentine springs. As a result, you can keep small essentials in the sofa pocket.

No heavy equipment is required to set up the sofa, it can be assembled very easily and all the instructions for setting up the sofa are included.

A fashionable presence can be noticed on this sofa. Which is a 4-seater section sofa with a storage bag and the nail-head trim. The sofa will get 3 colors.

The colors are Bluish Gray, Dark Gray, and Brown Leather. This L-Shape sofa is a reversible chaise lounge sectional sofa. The sofa uses high-quality modern fabric.

Matching with the sofa is an interesting storage ottoman. As a result, you can use the storage ottoman as an additional seat.

The couch dimensions of this living space sofa are 36.6H x 102 W x 50 inches and its weight capacity is 660 lbs. The sofa set comes in 3 boxes.

3. L-Shaped Modern Linen Fabric Sofa

Hornby convertible sectional couch is very nice to look at. It is one of the best-selling sofa set on Amazon and is highly recommended. I believe, without this, my research on cheap living room sets under $500 will not be successful.

L-Shaped Modern Linen Fabric Sofa

This sofa is made of high-quality fabric and the frame is made of very hardwood. The sofa seat is very soft and comfortable. So that you will not feel annoyed even if you have to spend a lot of time sitting on the sofa.

Under $500 this sofa set is suitable for all living rooms and looks very attractive in addition to the extra-bright atmosphere of the living room.

Product Details:

  • Easy to assemble and no tools needed.
  • Easy to clean and durable.
  • High-Quality fabric.
  • Arms are soft rounded and plush fabric creates a classic look.
  • Made with quality hardwood.
  • Soft linen fabric

Colors:

2 colors are available

  • Light grey
  • Dark Grey


Measurements:

  • 78.5*30.3*35 Inch

Frame:

  • Solid hardwood

Material:

  • High Quality Fabric

4. Living Room Sets With Ottoman

Poundex Upholstered sectional sofa for living room is wrapped in solid linen-like fabric that can prevent children and pets together.

Cheap living room sets under $500
Poundex Sectional Couch With Ottoman

The classic style will be all tunes between friends and family. This sofa is very comfortable. The important feature of these living room sets is that pillow covers and cushions can be easily moved to maintain the beauty of the couch. There is velcro on the back so you can keep it convenient. For under $500, it is the best for any of the living rooms.

It is available in 3 colors. You can select the color of your choice. These sectionals are easy to assemble and offer the connector to hold three pieces firmly. Another interesting feature of it’s the chaise lounge is reversible.

Product details:

  • Durability and comfort.
  • Seat cushion filled with high-quality foam and innerspring.
  • Seating capacity is 3 and loses back pillow.
  • Easy to assemble.
  • All tools are included with the sofa.
  • linen like for seam strength, wearability, and beauty.
  • 3-piece sectional sofa with a matching ottoman.
  • Perfect size for room or apartment.
  • The couch is sturdy and looks great.
  • The fabric is very modern and seems durable.

Colors: 3-colors are available.

  • Chocolate
  • Grey
  • Sand

Material: Fabric.

Dimension: 105″*76″*35″ Inches

5. 3-Piece BOBKONA Faux Leather Sectional Sofa

Are you looking for attractive, elegant, and great cheap living room sets under $700 for your living space or waiting room?

Cheap living room sets under $700
3-Piece BOBKONA Faux Leather Sectional Sofa

It can be a surprise for your living room, waiting room, or any size apartment. The attractive modern design of this sofa is very nice to see as a result it’s forced you to fall in love. It is the best and most attractive of our selected living room sets.

The seats in these sofa sets are very comfortable because the seat is made of high-quality soft fabric.

If you sit on this sofa for a very long time continuously, you will never feel pain in your body.

This sofa set is very easy to clean and the cushions are washed and look fresh and very fresh after washing.

The frame of this living room set is made of solid wood, so there is no chance of it ever collapsing. All in all, this set is strong, durable, and very strong.

It has velcro on the back and its versatility is great and incomparable. It is available in 6 colors.

All the color sets are very beautiful and effective for the living room. All the colors are Chocolate, Mushroom, Saddy, Brown, Sage, What.

This is an L / R reversible chaise sectional sofa set and its dimensions are 84 * 78 * 35 inches. All components of this set are Microfiber, Leather, and Solid Hardboard.

This sofa set has a matching interesting ottoman. You can use the ottoman as a seat if you want or you can use a tray on top of it as a coffee table.

The cushions come with stain-resistant microfibers and sofas with all the equipment and hardware. There are enough seats in this set for guests to sit together and talk about guns.

Summary: This cheap living room set is great, incomparable which is a delightful couch and effective for watching guests or watching television they all (who are currently using this sofa) told us about it.

You can feel free to purchase this set for your living room or waiting room. We would highly recommend you purchase this living room set.

Read more: Best Recliners under $200

6. Poundex Love-seat Sofa for Living Room

Before spending your hard-earned money you need to consider the various features of the living room sets under $500 very well.

Available in 2 colors and this Poundex love-seat Sofa are comfortable, sits up nice and firm. The seats bolt together and screw the legs and include adjustable support legs under the seat in the center.

Living room sets under $500
Poundex Love-seat Sofa

The backsides slide into the plane, making it convenient to carry upstairs and through narrow areas. It is tufted without bottles. It is firm and strong. Living room sets are the most important part of the home’s furniture.

Product details:

  • Loveseat, Sofa with 4 accent pillows.
  • All tools are included.
  • Easy assembly.
  • Tufted seat and back.
  • Twist on the leg.
  • Beauty, comfort and looks so nice.
  • Upholstered in a linen-like cushion fabric with light accent stitching and asymmetric tufting.


Colors: 4 colors are available

  • Blue Grey
  • sand
  • Black
  • Light coffee


Material: Fabric

Pieces: 2

Dimensions: 713236

7. Reversible Upholstered Sectional Sofa

A reversible sectional upholstered sofa would be worth your consideration if you are looking for the best cheap living room sets under $700. The modern design and color of this set are really great which will make your living room look more beautiful and attractive.

Reversible Sectional Upholstered Sofa
Reversible Sectional Upholstered Sofa

It is one of the best-selling living room sets on the market today. Customers who have purchased this set for their living space have all said that it is really made with very high-quality materials.

Everyone has loved this sectional sofa set. High-quality polyester fabric has been used in its seat. The frame of this set is made of sturdy hardwood and the legs of the sofa are made of solid beech wood.

It is strong and sturdy. The result is evidence of long-term use. This living room set has 6 colors in the current market.

All the color sets are very nice to look at which will look great in the living room. The 6 colors are Black, Caramel, Chestnut, Denim, Gray Weave, Heritage Green, Linen, Storm Gray.

All the components of this living room sofa set are authentic and considering the quality of its components, its price is absolutely perfect which goes with your budget.

This sofa set is capable of carrying an extra load. It is completely ready in the form of a box, you just need to assemble it in your room and set it up. Very easy to set up.

You can remove both ends of this set to adjust the layout of the room. An important feature of this is that it looks good with the environment of any living room and doubles the beauty of the house.

Another great advantage of this sofa is, you will get it with a 1-year warranty with a free return for 30 days. So you don’t have to worry about getting spoiled with this living room set. Dimensions of this sofa set are 79.9W x 34.6D x 35.4H.

Summary: 

We would recommend you to purchase this set as the sofa set is the best in the market in terms of quality and also cheap in terms of price. The sofa is able to provide ample seats for family members.

8. Ashley Olsberg Traditional Sofa

Ashley Olsberg living room sofa sets are made with an attractive design, high-quality poly-fabric, very strong metal frame. This living room set will enhance the beauty of your home without any illuminating environment.

Living room sets under $500
Ashley Olsberg Traditional Sofa

The metal frame of this sofa is very strong so there is no possibility of breaking or cracking. It is a traditional sofa. Rolled arms and window pen stitching charm of this living room set is the standard of all family and comfort.

This set was designed and made by Ashley Furniture industries. The sofa is made of very high-quality materials. This set is much cheaper than the quality.

This living room sofa set is made of polyester/polyurethane blend ultra-friendly and includes 4 polyester and polyester/polyurethane toss pillows with this living room sofa sets.

The seat cushions are very comfortable and the reversible seat cushions offer the best support. This sofa frame is made of high-quality strong metal.

It is a fashionable steel gray dress with nailhead trim that has a side-like texture so you will love its classical style.

The dimensions of this cheap living room set are 91 “W x 38” D x 38 “H Inches. This sofa provides enough seats for friends and guests to sit and talk together.

This sofa is available in 2 colors. The colors are Steel and Earth. This sofa is also available as Loveseat and Sleeper sofa.

Summary:

Considering all aspects of this such as sofa-making materials, price, customer reviews, what we have found is that the sofa is made with very high-quality materials.

Compared to the price and the quality of the fairly cheap sofa. You can decorate your living room with this sofa set. Its design is really very interesting.

Read More: Best Bedroom Storage Ottoman

9. Grayson Micro-fabric Lifestyle Sofa

Grayson Micro-fabric Lifestyle Sofa
Grayson Micro-fabric Lifestyle Sofa

We selected the Grayson micro-fabric lifestyle sofa as our pick for the best cheap living room sets under $500. It is perfect for all sizes of living room, waiting room.

This sofa set is made of 100% polyester upholstery microfiber and good quality hardwood frames have been used. The seat of this sofa is made of high-density foam which guarantees long-term use. You can buy this sofa without any worries.

Product Details:

  • Made with hardwood frame and natural wood legs.
  • 100% polyester upholstery microfiber material.
  • Seating foam and back foam are high density for long time use.
  • Easy to assemble.


Color:

3 colors are available.

  • Black
  • Brown
  • Dark grey


Material: High-quality fabric.

Dimension: 80.3*32*32.68

Frame: Solid hardwood.

10. Velvet Lexicon Reversible Sofa Sets With Chaise

Is your living room small or medium and are you looking for living room sets under $700 from a good brand? Then this 83-Inch Velvet Lexicon reversible chaise sectional Sofa is for you.

Living room sets under $700
Velvet Lexicon Reversible Sofa Sets With Chaise

This Velvet Lexicon sectional sofa set is the latest addition to Lexicon and one of the best-selling Lexicon brand sofas.

The materials used to make this sofa set are Wood, Fabric, Plywood, Foam, Pine, and the frame of the sofa is made of very hardwood.

PRODUCT FEATURE:-

  • Its attractive modern design will touch your heart.
  • Brick is a reversible sectional sofa set.
  • Retro chases can be placed on either side.
  • The sofa features tuft back cushions and key arm.
  • This living room set has seat depth 19 and seat height 19. 5.
  • Weight capacity 300lbs per sofa seat
  • The sofa can be assembled very easily.
  • The fabric of this set is 100% polyester.
  • The wood plywood pine fabric foam sofa has been made.
  • The sofa includes an Ottoman seat and a chase cushion pillow wooden leg gasket.
  • The legs of the sofa are made of rubberwood.
  • The sofa is super soft and firm
  • The sofa is very nice and easy to put together
  • Seat cushion fill with foam and dacron.
  • back cushion fill with polyester fiber.

Colors: 2 colors are available.

  • gray velvet
  • blue velvet

Dimensions: 82.5 x 59 x 37 Inch

But before spending your hard-earned money, you need to consider all the components and features of the sofa, whether it is suitable for your living space.

11. Novogratz Brittany Sleeper Sofa Sets

With just under $500, the Novogratz Brittany living room sleeper sofa set is a great option for your living room which features high-quality black Faux Leather and strong chrome Legs.

This living room futon set is the latest addition from the Novogratz company and has a high-quality linen ribbed tuft durable cushion on the back of the sofa. It is a modern design of upholstery.

This living room sofa can be easily turned into a bed and a chef can be placed on either side. The frame of this futon sofa is made of very hard wood so there is no chance of breaking or cracking.

Living room sets under $500

The seat of this sofa is very soft and comfortable so even if you sit on the sofa continuously, your body will not be in pain. The biggest feature of this cheap living room set is that you can easily convert it into a bed and sleep comfortably.

This sleeper sofa set is very easy to assemble. It is available in 10 colors, all colors look very beautiful. The 10 colors are Gray, Navy Blue, Mustard, Green, Camel Faux Leather, Dark Gray, Pink, Light Blue, Orange, Light Gray.

This living room futon set can be easily cleaned with a damp cloth. This sofa weighs 600 pounds. The dimensions of these living room sets are 88L x 55.5W x 31.5H inches and after turning into a bed it measures 88L x 66W x 31.5H inches.

It is suitable for any apartment of small, large, and medium-size, living space, waiting room. This Novogratz futon set is of superior quality
Made with linen fabric.

All customers have made positive comments about this sofa. They also said that this sleeper sofa is very strong, each material is of good quality and the sofa is comfortable.

It is a favorite sofa for small children and pets. The fabric of the sofa is not harmful to human skin. The legs of this set are made of hard rubberwood because the pet can enjoy the same level of comfort and protection as you.

An important feature of this living space set is that the cushion cover is easy to remove and it is water and stain-resistant. This futon sectional sofa is 54 inches long, 32 inches wide, and 35.5 inches high. Its versatility is great and interesting.

Summary: I didn’t find anything to dislike about this living room futon set. It is very useful for the whole family to sit together and talk and this sleeper set is durable and good compared to the price. You will be very comfortable both sitting and lying on the sofa.

Read More: Sectional Sofas Under $300

12. Faux Leather L shaped Sectional Couch

If you are looking for faux leather type cheap living room sets under $500, then this modern L-shaped faux leather sectional sofa is the best option for you.

Faux Leather L shaped Sectional Couch
Faux Leather L shaped Sectional Couch

It is absolutely perfect for small spaces and very nice to see. It will make your small living room more attractive. You can build the position you like.

Product details:

  • Solid hardwood frame.
  • Overstuffed back cushion and foam seat cushion.
  • L- shape sectional sofa couch leather with modern faux leather sectional.
  • Firm and comfortable.
  • Never have to worry about sinking in.
  • No tools needed and easy to assembly.

Color: 2 colors are available.

Brown
Black
Dimension: 78.530.335

Frame: Solid hardwood frame

Material: Leather and wood.

So recommended all the best cheap living room sets under $500 and $700 that you can use as the shopping reference when you update your living room.


Though many companies are offered at a very low price tag, their design and material make them so worth buying. Which suits your needs, taste, and the existing layout you should just pick the best one for your living space.

How to Choose the Best Cheap Living Room Sets and What to Consider?

Here are some of the important features that you should keep in mind when purchasing living room sets at a cheap price.

Size of living room sets:

First of all, imagine in your mind the depth of your living room, i.e. where you are planning to place the sofa, and see what size sofa set (small, large, medium) will fit your living space well.

Two large and small living room sets are available in the current market at affordable prices, but never decide to purchase these two at random.

And if the size of the living space is large, then a large sofa set and a small size sofa set will fit very well.

Again if the area of ​​your living room is small then the large-size sofa set there will look very awkward.

For small spaces, you can select medium or small-size sofas which will make your living room very beautiful and attractive.

If you can’t estimate the area of ​​your living room with the image in mind, you can also measure the area of ​​your living room before buying a living room sofa set.

Shape of Living Room Sets :

Living room sets are available in a few shapes in the current market. Most of these sofa sets display U- or L-shaped.

These two types of sofas fit very well in the living room. However, in your eyes, which can make your living space more beautiful and attractive.

You should buy a sofa set that will touch your radiance in the beauty of the sofa after setting it up in your living room.

L-shaped living room sofa sets usually always provide more flexibility of layout.

However, U-shaped living room sofas are usually very useful for families with more members or for more guests. In other words, those who need more seats later.

Elements Of Living Room Sets :

You can see different living room sets made of different materials in the current market. Most living room sofas have frames of solid wood.

Most sofas are filled with foam on the inside and the outside is covered with plain leather or linen-like fabric.

However, no matter which sofa set you buy from leather or fabric, make sure that it is 100% burnt.

However, both fabric and leather materials are soft, durable, strong, comfortable, and easy to clean.

Read next: Futons under $100

Living Room Sets Additional Features:

If you have small babies and pets in your home, armored living room sofas will be good because small babies and pets will not be likely to go down the sofa later.

However, armless sofa sets tend to be more comfortable. If there is a matching storage ottoman with the living room sofas, then the beauty of the living room is enhanced a lot more.

However, it comes with a reverse rush with most sofa sets that you can use as an ottoman if you want. The beauty of your living room will depend on the living room decorating ideas.

CONCLUSION —:

Living room sets are an easy way to ensure all coordination of furniture in your home. Selected all the best 18 cheap living room sets under $500, and $700 are made of hardwood frame, high-quality fabric.

You can purchase for your living room without any hesitation. I hope you will get here the best one for your living room in my reviews. Happy shopping and enjoy the couch.