A statement-making sofa, futon, couch, or love seat is not only essential for, you know, sitting, but it also functions as the centerpiece of your home—especially if you live in a smaller apartment or studio. Velvet furniture inherently looks luxurious and sophisticated, while also adding a touch of texture to your current interior design set-up.

A stylish and sleek velvet sofa can instantly transform the overall look and feel of your space, and even though they look expensive, they don’t actually have to put a major dent in your savings account to get the luxe look. In fact, it’s relatively easy to find a beautiful velvet sofa that’s well made and high quality for a budget-friendly price. And aside from aesthetics, velvet’s soft feel makes sofas upholstered with the fabric extra cozy and comfortable to lounge on—see, it’s got much more to offer than just good looks!

Sure, you can always experiment with the velvet home decor trend with accent pillows and throws, but if you really want to go for it, a couch or loveseat is the way to go. Ahead, we’ve rounded up a few of our favorite reasonably-priced velvet sofas that we think you’ll love just as much as us.