Walmart has the Baja Convert-A-Couch Sofa Sleeper (Dark Brown, Black, Charcoal Gray, or Beige) for $319 with free site-to-store shipping. Shipping to home is $50. Converts to a full size bed and features a 640 pocket coil cushion. Sofa measures 87"(L) x 38.75" (W) x 38.25" (H). Bed measures 75" (L) x 54" (W) x 19" (H).
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This is pretty big. If you're looking for something smaller, I saw that Deal Decor is selling a 2-person loveseat for $199. www.dealdecor.com
2-person love seats don't make into a full size bed. That said, I don't recommend any type of sofa that makes into a bed. They usually use a trampoline style bottom that starts sagging in the middle before you can say don't do it.
walmart shoppers looking for something smaller...