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The futon easily converts from a sofa to a bed, making it ideal for small spaces. Its foam cushioning provides firm support, ensuring comfort for both sitting and sleeping.

The brand has an accent chair that's the spitting image of the Walmart but, but its version is real leather, which naturally boosts up the price to well over $1,000.

Futons simply fold out into a bed, and are easier to find in the under $500 price range. So we've found both sofa beds and futons that fit the bill.