There's no need for a guest room when you have a sofa bed. Shop these under $500 from Wayfair, Urban Outfitters, Amazon and ...

Don't be fooled by the low price tag — reviewers say this versatile velvet sofa looks like a million bucks. Oh, and the ...

Daybed: A convertible sofa daybed that transforms into a twin or queen bed with or without a pullout trundle can be easier to convert to a bed than a traditional pullout couch, though it'll be ...

Another big perk is that they're less bulky than pull-out beds, but they also have a reputation for landing on the firmer, stiffer side. Daybed: A convertible sofa daybed that transforms into a twin ...