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Affordable Living Room Sets Under $500 - You'll Be Surprised What You Can Find!

Giving your living room a stylish update doesn't have to break the bank. With some savvy shopping, you can find quality living room sets for under $500. From discounted online retailers to thrift stores, affordable options abound. Read on to discover where to find deals and how to pull together a cohesive, fashionable living room set without overspending.

If you're willing to do a bit of digging, there are plenty of places to uncover stylish living room furniture sets for less than $500. Start your search with these budget-friendly options:

Online Marketplaces Offer Deals

Online furniture and home goods retailers like Amazon, Walmart, Overstock, and Wayfair all offer living room sets under $500. Their affordable prices come from selling high volumes direct from manufacturers. Browsing their living room furniture selections yields sleek sectionals, contemporary sofas, and classic upholstered sets to suit any style.

living room sets under 500

Pro Tip: CheckWayfair daily for flash Furniture Deals offering up to 60% off living room packages.

Discount Retailers Offer In-Store Savings

In addition to online deals, many brick-and-mortar discount stores carry budget living room sets. Stores like Target, IKEA, JC Penney, and Big Lots offer in-house brands and stylish pieces at wallet-friendly prices. The advantage of buying in person is you can test out furniture for comfort.

Money-Saving Tip: Check IKEA's As-Is section for big discounts on discontinued or floor model furniture.

Second-Hand Stores Are Full of Finds

Never overlook second-hand stores and online resale sites when furniture shopping on a budget. Stores like Habitat for Humanity ReStores and Goodwill, plus online marketplaces like Facebook Marketplace and Craigslist, offer major savings on quality, pre-owned furniture.

While browsing thrift stores does require more digging, the reward is finding unique vintage or antique pieces. Always inspect items carefully for damage before purchasing.

Contemporary Sets for Sleek Style

If you love clean, modern design, affordable contemporary living room sets offer chic style. Look for streamlined silhouettes, exposed legs, and neutral upholstery in grays, tans and blues. Contemporary sets are versatile and easy to dress up or down with decor.

The Samona Contemporary Set from Walmart provides mid-century modern style for under $500. Its linen-like fabric and tapered legs create a light, airy look perfect for small spaces.

Traditional Sets for Timeless Appeal

Prefer a more classic aesthetic? Traditional living room sets offer timeless features like rolled arms, block wood feet, and vintage-inspired fabrics. Rich colors like burgundy and forest green and classic patterns add cozy appeal.

The Valonia Traditional Set from Overstock delivers traditional styling like nailheads and turned legs for just $489 in your choice of colors. Its timeless look complements any decor.

Tips for Scoring Quality Furniture

When evaluating any budget living room set, keep these tips in mind to ensure you get long-lasting, quality furniture:

Prioritizing quality construction ensures your affordable living room set stands the test of time. Don't sacrifice comfort just to get a lower price.

Complete your budget-friendly living room furniture set with stylish accents that pull the look together. Round coffee and end tables, cozy ottomans, floor lighting and area rugs add both style and function.

Target offers an array of accent furniture under $100 like woven jute rugs, marble-top end tables and replica Noguchi style paper lanterns. Their Threshold brand offers designer looks for less.

There's no need to overspend to get a fabulous living room. Using savvy shopping tips, you can easily discover quality living room sets for under $500. Give your space an affordable stylish update.