We independently select these products—if you buy from one of our links, we may earn a commission.

If there’s one thing we love at AT, it’s affordable, space-saving furniture — with great style, to boot. Oh, and any piece that does double duty earns extra brownie points. That’s why, lately, we’ve been especially enamored with sleeper sofas and sofa beds. Both function as spacious seating by day, extra sleeping spots by night. Quick refresher: These terms get used interchangeably, but sleeper sofas have a built-in pullout mattress, whereas sofa beds actually fold down like a futon to form a mattress.

If you’re in the market for either, you can get more info (plus weigh some pros and cons) via our extensive sleeper sofa buying guide. TL;DR, both are equally viable options — it basically boils down to your lifestyle and budget. In terms of the latter, sofa beds usually fall lower on the price spectrum, and I recently came across SO many stylish (and affordable) options from none other than Amazon. The site’s well-reviewed selection of compact, convertible sofas feels so perfect for small spaces, especially if you’re the hospitable hosting type. The best part? None will set you back more than $500, but still look totally luxe.

Below, I rounded up a few favorites that you (and any overnight guests) will love. And act fast — they’re all hot commodities.