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Here are the best affordable mattresses in 2023: Best overall: Novaform 14 Inch ComfortGrande Plus Gel Memory Foam Mattress - See at Costco The Novaform 14 Inch ComfortGrande Plus Gel Memory Foam Mattress is the best mattress we tested under $500, offering impressive motion isolation and comfort for all sleeping styles. Allswell Mattress Price Range: $279 – $539 Mattress Type: Hybrid Firmness: Firm (7) Trial Length: 100 nights Warranty: 10 Year, Limited Sizes: Twin, Twin XL, Full, Queen, King, California King Who it’s best for: Stomach and back sleepers People who value bounce in a mattress Value-focused shoppers Highlights: Exceptionally low price-point. The Best Cheap Mattresses (Under $500) Updated January 30, 2023 by Caira Blackwell It takes some effort, but you can find a decent, comfortable mattress that won’t break the bank. The mattress can be delivered to Alaska and Hawaii for a $50 fee. Most mattress companies use a 10-point scale to rate firmness level. 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Discover Diverse Owned Brands Own Your Style. 6 cheap mattresses for under $500. Cheap Mattress Under 505 Mattress Tuft & Needle 25348 $449.