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Best Memory Foam Mattress Under $500 in 2023-Buyer’s Guide

Are you afraid of those expensive memory foam mattresses available online? Best memory foam mattress under $500 for you. Are you in search of a mattress that suits your budget and provides comfort regardless of your body type? 

Yes, you can simply grab the cheaper model in front of you, but what about your expectation? What if your precious money goes in vain?

So many questions! That is the fact why it’s a bit challenging to find the best memory foam mattress under $500. In other words, finding a cheap memory foam mattress with greater value is not so easy. 

If I’m not wrong, this complexity has brought you here. Don’t worry, you just stepped into the right place. Stick to our best memory foam mattress under the $500 review and choose your one. 

Best Memory Foam Mattress Under $500: Comparison Table

ProductSizeFirmnessBest for
Zinus 12 Inch Green Tea Memory Foam MattressQueenMediumGreen Tea-infused Memory Foam, and  superior moisture absorption
Linenspa 8-inch Memory Foam and Innerspring Hybrid MattressTwinMediumHypoallergenic memory foam, cozy knit cover, and body alignment
Live & Sleep Classic Twin XL MattressTwin XLMediumOpen-cell technology, and superior heat management
Olee Sleep 10 Inch Memory Foam MattressKingMediumFour dedicated layers, and the combination of different types of foam
Signature Sleep 12″ Responsive Memory Foam MattressQueenMediumEco-friendly, high-density foam, and four layers of memoir foam
Modway Aveline 8″ Gel Infused Memory Twin MattressTwinFirmExcellent pressure relief and motion transfer
Milliard Tri Folding Memory Foam MattressTwin XLMedium Cushioning feel and washable cover

Best Affordable Memory Foam Mattress Reviews

Here we have listed some of the best memory foam mattresses under $500. Hopefully, you’ll find one. 

Best Queen size memory foam mattress under $500 



At a Glance:

  • Green Tea infused memory foam
  • Eco-friendly
  • Sturdy base
  • Medium-firm

What if you get a company’s flagship product at an affordable price? I’m not bluffing at all, this Zinus 12 Inch Green Tea Memory Foam Mattress is solid proof.

Zinus has become one of the most eminent bedding companies in the online mattress industry due to its distinct comfort, firmness, and impressive support. 

Talking about the Zinus 12-inch mattress, the most remarkable fact about this model is its unique memory foam that boasts a combination of charcoal infusions and green tea extract.

The main benefit of such a combination is superior absorption of moisture and resistance to odor buildup. 

The support core consists of high-density polyfoam along with a transitional polyfoam layer, which ultimately ensures a sturdy base. Therefore, this model is incredibly efficient in motion absorption.

In short, if you’re looking for a mattress for enhanced pressure relief, excellent comfort, and obviously the price is decent, then this model is for you. 

  • Enhanced pressure relief
  • Ideal for side and back sleepers
  • Reasonable price
  • Incredible motion transfer
  • Best for couples or who share the bed
  • Lack of bounce
  • A bit of body heat may be trapped

Best Budget memory foam mattress

  1. Linenspa 8-inch Memory Foam Hybrid Mattress


At a Glance:

  • Innerspring mattress
  • Two specific layers
  • Gel-infused memory foam
  • Absorbs heat perfectly

Here is our runner’s up. If you have a bit of idea about quality memory foam mattresses, you might have heard about Linenspa. Here, we have selected the 8-inch Memory Foam and Innerspring Mattress model from Linenspa. 

This version comes at a reasonable price yet is able to beat many mattresses with hefty price tags. This hybrid mattress boasts two specific layers for different purposes. 

First up, the 6-inch base layer consists of high-density foam under the cover for greater support. Hence, your spine will remain aligned and protect you from back pain. Whilst, the 2-inch layer comprises gel memory foam for superior heat absorption.

The base foam has been integrated in such a way that it won’t let you sink too much which often leads to a stuck feeling. Talking about the gel layer, it distributes your body throughout the mattress which provides a cool sleep experience. It also provides an excellent pressure point relief 

  • Excellent heat distribution
  • Superior support to the back
  • Protects sleepers from back pain
  • Evenly body weight distribution
  • Greater combination of motion isolation and bounce
  • Side sleepers weighing more than 230 pounds or fewer than 130 pounds may experience unusual pressure points.
  • The edge support is a bit inconvenient

Best affordable memory foam mattress

  1. Live & Sleep Classic Twin XL Mattress


At a Glance:

  • Mattress with an advanced airflow mechanism
  • Open-cell technology
  • Breathable cover
  • An Extra memory foam layer

Buying a budget-friendly mattress doesn’t mean you’ll get something of poor quality and construction. Take the Live & Sleep Classic Twin XL Mattress as an example, it will change your perspective indeed. 

This mattress features open-cell technology that improves cooling. Alongside, its advanced airflow allows you to stay cool even on warmer nights. The key factor behind such a scenario is its advanced gel-infused memory. 

This foam doesn’t trap air or heat, so it releases them immediately and prevents heating issues. We mentioned the open cell technology earlier, this special technology helps to ensure your comfort no matter what you roll over the bed all day long. 

What’s more? This Twin XL Mattress comes with a breathable cover that makes your bedtime more relaxing. Whilst, the extra memory foam layer ensures a combination of firmness and softness at the same time. 

  • No environment hazards
  • Excellent heat management
  • Incredibly comfortable
  • Best price mattress
  • Issues with firmness

Best king-size memory foam mattress under $500

  1. Olee Sleep 10 Inch Memory Foam Mattress


At a Glance:

  • Four dedicated layers
  • Combination of multiple types of foam
  • Suitable for different types of sleepers
  • Gel-infused memory foam

Introducing one of the cheapest memory foam mattresses from our list. If you’re looking for an economic mattress, the  Olee Sleep 10-Inch Memory Foam Mattress would be the best option so far. 

Olee Sleep started its journey in 2015 since then this small company has earned immense popularity among users due to its cheaper yet high-quality mattress.  Olee Sleep 10 Inch Memory Foam Mattress is one of their signature editions. 

Like all other Olee Sleep mattresses, this model is neither firm nor soft. Technically, it has a soft top layer that ensures your comfort, while the firm foam layer provides adequate support to your body. 

The whole mattress consists of four dedicated layers. The polyester jacquard layer works as a comfort layer that comprises gel-infused memory foam. The base layer has high-density foam for extra rigidity. The combination of various types of foam helps to provide maximum comfort. 

  • Outstanding flexibility
  • Versatile mattress
  • Certified by CertiPUR-US
  • High-quality materials
  • Slight off-gassing

Best cheap memory foam mattress under $500

  1. Signature Sleep 12″ Memory Foam Mattress


At a Glance:

  • Eco-friendly and comfortable mattress
  • Properly distribute the body weight
  • Washable cover
  • Queen size
  • Naturally, mold the body shape

Now it’s time to introduce something eco-friendly. Signature Sleep is another predominant mattress manufacturing company. The Signature Sleep 12″ Responsive Memory Foam Mattress is a great example of its quality and excellence. 

So, if you are in search of an eco-friendly and comfortable mattress, this mattress won’t disappoint you at all. Like most other mattresses on our list, this model has four layers of Memoir Foam. 

Moreover, the 8-inch high-density foam layer makes the mattress capable of molding your body shape naturally. Hence, you’ll enjoy a more comfortable sleep in any position. 

People who frequently toss and turn during sleep may face discomfort. However, you shouldn’t be worried about this fact when you have a Signature Sleep 12″ mattress on your bed. 

The main reason behind such convenience is its balanced support, heat management, and precise weight distribution. However, you have to give at least 72 hours to expand the mattress properly, as it comes in the compressed condition. 

  • High-density foam layer
  • Molds naturally
  • Relieves pressure points
  • CertiPUR-US certified
  • Not suitable for heavy people

Best gel memory foam mattress under $500 

  1. Modway Aveline 8″ Gel Memory Twin Mattress


At a Glance

  • Gel-infused memory foam
  • Twin mattress
  • Reduce pressure and prevent back head, and neck pain.
  • Open-cell ventilated memory foam

Running out of money but don’t want to sacrifice your comfort? Yes, you are on the right product. Modway Aveline 8″ Gel Infused Memory Twin Mattress is the cheapest memory mattress on our list so far. 

This model is one of the top-rated gel-infused memory foam mattresses, yet, the price is quite reasonable. What makes this mattress so special? Let’s dig out. First up, this firm mattress has been constructed with gel-infused memory foam. 

Gel-infused memory foam is specialized to keep the body climate of a sleeper steady and balanced. Apart from this, this twin mattress is not brutally firm or excessively soft, so you’ll get a balanced condition. 

This model is designed in such a way that it dissipates body heat and keeps you cool in warmer weather. The open-cell ventilated memory foam ensures calm sleep when sleeping with your partner, as it can alleviate pressure points and minimize bouncing. 

  • Excellent heat dissipation
  • Alleviates pressure points
  • Prevents back pain
  • Soft and comfortable cover
  • Initial chemical odor

Best Budget Memory Foam Mattress for Side Sleepers

  1. Milliard Tri Folding Memory Foam Mattress


At a Glance:

  • Two-layered mattress
  • Tri-folding design
  • Anti-slip button
  • Washable cover

What about something exceptional? Meet, the Milliard Tri-Folding Memory Foam Mattress. This tri-folding mattress is our last candidate. Unlike most other folding mattresses, Milliard Tri-Folding Memory Foam Mattress is quite thick. 

This model consists of two layers, among which the top layer is constructed with memory foam and the support layer comprises high-density foam. The memory foam layer provides outstanding pressure relief, while the support layer keeps your body balanced. 

This tri-folding mattress is most suitable for side sleepers, especially those who prefer cushioning feel. However, other types of sleepers also find it comfy due to the combination of two layers. 

What’s special about this mattress? Well, this mattress comes with a washable cover, which is made of bamboo rayon. Hence, this mattress can maintain good air circulation and prevent heating issues. Moreover, an anti-slip button has been integrated with the mattress for use on slippery surfaces. 

  • Best for side slippers
  • Comfortable
  • Outstanding pressure relief
  • Washable cover
  • Not much soft

Best cheap memory foam mattress Buying Guide

When people are on a quest for cheap mattresses, they often find themselves misguided and end up with only frustration. To protect you and your investment from such a situation, we have formulated a buying guide. 

This buying guide consists of several important facts that you need to consider while purchasing a memory foam mattress, especially the cheaper ones. 

Waterproof and Hypoallergenic Traits

Memory foam mattresses are praised for their incredible comfort. However, this type of mattress comprises various chemicals, adhesives, and foam. If your skin is sensitive, you should be more careful about this fact. So, you should pick the mattress which has hypoallergenic traits. 

At the same time, it’s wise to pick a mattress with waterproof characteristics. If your mattress is waterproof, you can easily wipe out water that prevents damp conditions and keep the surface dry and healthy all the time. 

Size Matters

The size of a mattress influences its price. So, you have to be careful about the size of mattresses. However, the size of the mattress is also indispensable if you need to share your bed. At present, six standard sizes are available on the market. 

Among them, twin mattresses are less expensive, while king mattresses will cost you the most. So, pick a king-size mattress if you need more space to share your bed with your partner. 

Mattress type

There are three major types of memory foam mattresses, which are gel-infused, plant-based, traditional foam. Plant-based mattresses use different plant materials. Whilst, gel-memory foam is more eminent. 

Quality and brand

One of the most prominent issues of purchasing cheap mattresses is poor quality. In this case, a well-renowned brand can assure quality products. However, you should be careful about the brand and quality. 

Manufacturing quality is most influential when it’s about your comfort. As we know, memory mattresses are made of different foam layers, so the quality of foam and adhesive used in the mattress should be high quality. 

As we mentioned earlier, as an industry-leading brand, no company will create a bad impression by manufacturing poor-quality products. A classic brand also indicates several things that include:

  • Reliability
  • Social responsibility
  • Customer support
  • Positive business practices
  • Business ethics

The density of the Mattress

The density of mattresses is expressed in pounds. Technically, density is the measurement of the mass per cubic foot of a given foam layer. A mattress with a higher foam density will feel more solid and heavier compared to a mattress with a lower density. 

However, many people interchange foam thickness and density. But they’re completely different. So, why density is important? As we mentioned above, density symbolizes solidity and heaviness. In other words, it indicates the support and durability of a mattress. 

Depending on the density, memory foam is classified into three categories, which are:

  • Low-Density Foam
  • High-Density Foam
  • Ultra High-Density

A mattress with low-density foam will be less expensive, and the airflow and temperature management will be more efficient, but it provides less support, and it’s not durable. Whilst, high-density foam is a bit expensive, it provides excellent support and is highly durable. 

Ultra-high-density foam is not so popular. Nevertheless, the ideal foam density of a memory mattress should be between 3.5-4. That means you should pick the high-density foam. 

Benefits of Memory Foam Mattress

Memory foam was first developed for use in airplane seats. However, this foam has now occupied different sections of our daily products. From your office chair to even footwear, you will find memory foam.

What’s the reason behind such versatile implementations of memory foam? Of course, the undeniable benefits of memory foam. Let’s have a look at them. 

Relieves Pressure Points

Mattresses with high firmness often cause painful pressure points that can lead to serious discomfort to our hips, back, knees, and shoulders. Memory mattresses come as a blessing for those who are suffering from this problem. 

A memory foam mattress has a balanced firmness that helps to disperse our body weight uniformly. That is why a memory foam mattress can efficiently relieve pressure points. 

Relieve and Prevent Body Pain

One of the most appreciated features of memory foam mattresses is relieving body pain. This type of mattress not only eliminates the body but also prevents it. `Apart from these, a memory foam mattress helps our body to recover quickly from injuries. 

Research shows that memory foam mattresses can detect the difference between our body temperature and the temperature of the area where the pain has occurred. This way, the mattress can mold to our body by adjusting the pressure of that particular area. 

Perfect for Different Sleeping Positions

Memory mattresses are eminent for their resilient nature which helps to accommodate different types of sleepers easily. Technically, materials used in memory foam mattresses can adjust our body weight and evenly distribute it over the surface.

So, if you’re a stomach sleeper, your spine will remain in perfect alignment. If you’re a back or side sleeper, it will give you the same level of support to your posture. 

Motion Factor

There are many sleepers who move too frequently while sleeping. Luckily, memory foam mattresses can absorb the motion and energy that helps to minimize the impact of such movement. 

Why should you buy a mattress under $500?

Price is not always an indicator of a good quality mattress. You have bought an expensive mattress, but that doesn’t mean you are the winner of the game. Rather, you should focus on your needs and choice.

Companies have launched their premium options for customers who prefer top-quality products and emphasize the value, while it won’t be surprising that your desired product is on the cheaper side. 

For instance, if all the products on our list are below $500, you won’t find any single product that can make you feel your investment has gone in vain. Except you just skipped your needs. 

Types of Memory Foam Mattress

There are three types of memory foam mattresses, which are traditional, air cool, and gel-infused. The traditional memory foam mattress was the first mattress introduced in 1990. This type of mattress is good for improving blood circulation as well as effective in motion absorption. 

Traditional memory foam mattresses faced some negativities, among them the heating issue was most significant. To eliminate this issue, air-cool memory foam had been developed. Whilst, gel memory foam mattresses are popular for their support, comfort, and heat management. 

How do I choose a mattress under $500?

Selecting a mattress under $500 can be a daunting task, as there are certain things you need to consider before making your purchase. Ordinary buyers often neglect or forget these factors. If you think yourself wise enough, then don’t forget to consider:

  • Your sleeping position
  • Quality of the materials
  • Firmness level
  • Motion isolation capability
  • Edge support
  • Type of the mattress
  • Company reputation

How do I maintain my new mattress?

Picking the best mattress or the luxurious one doesn’t mean you’re all set to rip the maximum benefit from your mattress. You have to take proper care to ensure a longer service life and support. For this, we advise certain things that include:

  • Don’t jump on the mattress or bend it.
  • Wash the bed linen regularly
  • Clean the mattress immediately after spilling
  •  Use a mattress protector

Frequently Asked Questions

Should I buy a cheap memory foam mattress?

Of course, you should. But, make sure that you have picked the best one. 

What is the difference between gel memory foam and memory foam?

One of the significant factors that differentiate gel memory foam and memory is temperature control. Gel memory foam is more efficient in heat management. 

Which mattress types are more expensive than others?

At present, pocketed coil mattresses are considered more expensive than others. 


Now it’s time to conclude our review. We have tried to explain all the facts regarding the best memory foam mattress under $500

We hope this will help you in the future when you’re trying it on your own.  Adios!

If are you looking for The Most Durable Air Mattress in 2023? Visit our review.

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Zinus 12 Inch Green Tea Memory Foam Mattress
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