1
Best Overall Sofa Under $300
Serta Jameson Tufted Futon Sofa
Pros
Locks into three positions
Easy assembly
Compact for small spaces
Cons
Cushions are firm
With thousands of five-star reviews on Wayfair, this armless tufted sofa locks into multiple positions for sitting, lounging and sleeping. For style and function, this inexpensive futon sofa features an easy-to-clean fabric, chrome metal legs and a tufted back design. Online reviewers agree it's good quality, easy to assemble and the perfect size for small spaces. So you can find a shade to pair with your style, this sofa comes in charcoal, navy, black and light gray.
2
Best Value Sofa Under $300
IKEA Glostad Loveseat
Pros
Compact for small spaces
Modern look
Easy assembly
Cons
Side arms are hard, according to some online reviewers
For less than $150, this compact loveseat looks much more expensive than it actually is. It has a modern style with its sleek silhouette, padded armrests and plush back cushions. Online reviewers say this style is easy to assemble and looks great — some just wish the arm rests were a bit more comfortable. The sofa is lightweight and compact, making it a great choice for small living rooms or spaces. Choose from dark gray or medium blue.
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3
Best Sectional Sofa Under $300
Walsunny L-Shape Sectional
Pros
Available in an array of colors
Features a reversible chaise
Easy assembly
Cons
Firm, according to some online reviewers
Upholstered in a linen-look fabric, this inexpensive sectional is a best-seller at Walmart. Online reviewers note it's very easy to assemble, ideal for small spaces and of great quality given the low price point. The ottoman can be arranged on either side, so you can configure it to fit your space. Choose from brown, gray, grayish black, green or light green fabric.
RELATED: Best Sectionals for Small Spaces of 2023
4
Best Colorful Sofa Under $300
Novogratz Brittany Futon Sofa
Pros
Available in an array of colors
Folds into a sleeper sofa
Delivers in two days
Cons
Not super sturdy, according to online reviewers
The Brittany futon is incredibly versatile and available in a range of colors, whether you're shopping for a classic shade (think: white or light gray) or a vibrant hue (light blue or mustard, perhaps). Most online reviewers found it easy to assemble and a chic choice for small living rooms. If you're looking for a sofa fast, this pick will deliver in two days or less. It's also available as a sectional, but that costs around $400.
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5
Best Mid-Century Modern Sofa Under $300
Koorlian Small Sofa
Pros
Modern and elegant aesthetic
Easy assembly
Cons
Not ideal for taller people to lounge
With a sleek silhouette, linen-like upholstery and cylindrical toss pillows, this stylish sofa looks way more expensive than it actually is. Its modern style makes it a great contender for your everyday sofa, plus online reviewers are generally impressed by the comfort. It's available in four modern shades, including beige, blue and gray.
6
Best Faux-Leather Sofa Under $300
Yaheetech Faux-Leather Futon
Pros
Features cup holders and removable arm rests
Easy assembly
Locks into three positions
Cons
Firm, according to some online reviewers
Complete with a foldable middle armrest, two cup holders and removable side armrests, this faux leather futon sofa is a sleek choice for college dorms, teen's bedrooms or small living rooms. It can be locked into three different positions, quickly converting into a bed as needed. According to online reviewers, it's easy to assemble — some saying it took as little as five minutes. Choose your favorite neutral shade: black, brown, espresso, gray and white.
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7
Best Sofa Under $300 for Small Spaces
Wade Logan® Arlander Rolled Arm Loveseat
Pros
Delivers in two days
Ideal for compact spaces
Includes two toss pillows
Cons
Small size isn't ideal as an everyday sofa
Measuring only 47 inches wide and 21 inches deep, this compact sofa can fit in nearly any space — no matter how small. Following assembly, the sofa weighs only 53 pounds, so you can move it around with ease. But don't worry: It can holdup to 480 pounds. Not to mention, it will deliver in only two days and includes two stylish toss pillows. Take your pick of dark gray, brown, black, green and light gray. Just note that this sofa is small and may not be the best choice for everyday use.
8
Best Sleeper Sofa Under $300
Mainstays Memory Foam Futon
Pros
Comfortable, according to online reviewers
Features adjustable arms and backrest
Easy assembly
Cons
Looks visibly like a futon, making it less appealing as an everyday sofa
With pillow top cushioning, fold-up arms and a split-back design, this memory foam futon is surprisingly comfortable, according to online reviewers. Assembly is simple and it's a great size for smaller spaces, including dorm rooms and children's bedrooms. Overall, online reviewers are impressed by the quality for the low price. But, note that this sofa noticeably looks like a futon and may not work best as an everyday sofa, from a style perspective.
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9
Best Sofa Under $300 With Storage
MUZZ Sectional Sofa With Movable Ottoman
Pros
Very inexpensive for a sectional sofa
Ottoman provides storage
Easy assembly
Cons
Cushions could be more comfortable, according to online reviewers
A modular sectional for less than $200? You really can't beat the value of this stylish sectional sofa, which includes a moveable ottoman with hidden storage. Depending on your personal style, choose from two linen fabrics: beige or light gray. Most online reviewers agree it's easy to assemble yourself, although some wish the cushions were a bit more comfortable.
10
Best Velvet Sofa Under $300
Velvet Loveseat
Pros
Easy assembly
Mid-century modern design
Soft and comfortable, according to online reviewers
Cons
Only available in three colors
If you're hunting for a trendy style that won't break the bank, consider this tufted velvet loveseat — and note the brand also sells a matching 3-seater sofa, ottoman and armchair. As with most options on this list, it's ideal for small spaces and easy to assemble yourself. This two-seater sofa is medium firm, with the brand raking it a 3 on a scale from 1 to 5 (5 being firmest). Given the price, online reviewers are impressed with quality — noting that the cushions are comfortable and the fabric is soft.
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11
Easiest to Assemble Sofa Under $300
DHP Emily Futon
Pros
Available in velvet, linen and faux leather fabrics
Acts as a sleeper sofa
Assembles within minutes, according to some online reviewers
Cons
Could be more comfortable, according to online reviewers
With over 4,000 five-star reviews on Amazon, this tufted futon is an affordable and versatile option for anyone shopping for a small space. It's lightweight (it weighs 71 pounds once assembled) and everything arrives in one box. Online reviewers were impressed by how easy this futon was to assemble, with a few noting it took only a few minutes. It can lock into three different positions, so it can double as a sleeper sofa for guests. Choose from a number of colors and fabrics, including velvet, linen and faux leather options.
12
Most Modern Sofa Under $300
Antetek Futon Sofa Bed
Pros
Available in an array of fabrics and colors
Sturdy, according to online reviewers
Easy assembly
Cons
Not super comfortable, according to some online reviewers
We're loving the modern look of this teddy fabric loveseat and the color options, which include white, pink, mustard, gray and camel. But it's also available in velvet tufted styles with chic colors including green, mustard, pink and teal — so you're guaranteed to find an option to pair with your home design. Online reviewers agree it's easy to assemble, with one writing it took less than 20 minutes. It comes with two decorative throw pillows and is pretty sturdy, according to reviews.
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13
Best Sofa Under $300 With USB Port
Alden Design Fabric Convertible Futon
Pros
Locks into three different positions
Includes a USB port for charging devices
Doubles as a sleeper sofa
Cons
Looks visibly like a futon, making it less appealing as an everyday sofa
Calling all teens and college students, this fabric futon is equipped with a USB port for simultaneous lounging and charging. It can be locked into three different positions and can also be used as a sleeper sofa. Shop this modern sofa in three colors: black, blue and charcoal. Overall, online reviewers are impressed by the quality — although we think the style may not look best as an everyday sofa.
Why trust Good Housekeeping?
As Good Housekeeping's associate lifestyle editor, Alyssa Gautieri covers all things home and interior design. Prior to joining GH in 2022, she worked for various home publications including ELLE Decor, Chairish, BobVila.com, Unique Homes Magazine, in addition to brands like BrylaneHome and VIGO Industries. She covers home brands on a daily basis and is constantly hunting for stylish, quality and highly-rated products.

Alyssa Gautieri (she/her) is the associate lifestyle editor for Good Housekeeping, where she covers all things home and interior design. Prior to joining GH in 2022, she wrote for publications including ELLE Decor, Chairish, BobVila.com, Unique Homes Magazine and LODGING Magazine, in addition to crafting product copy for home brands like BrylaneHome and VIGO Industries.
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