Are you thinking about mattress shopping but aren’t sure where to even start on budgeting? We’ve got you covered.

Depending on what you’re looking for in a mattress, you can expect to spend anywhere from a few hundred dollars to more than $2,000 on a new mattress. We’ll discuss more later about why mattress costs vary so greatly, but the important thing to remember is that there is a mattress to fit almost every need and every budget. Yours included. 

Mattress companies tend to follow the “out with the old, in with the new” philosophy and usually release their latest mattress models in the spring or summer months. Once those new mattresses hit the showrooms, retailers will be eager to move out old inventory. This might mean a cheap mattress deal, a better night’s sleep, and more money in your pocket. 

We’ve done the research to make your mattress budgeting a breeze. Read on to learn how much you should pay for a mattress and how to get the best price on a mattress, including the best times to buy.

How Much Is a Mattress?

Although some luxury mattresses may fall outside of the range, most of them, including our top mattress choices, will fall somewhere within the $300 to $2,000 range. However, it can still be difficult to budget accurately when the range is so vast. So, what will determine whether the mattress of your dreams will be closer to the $300 end or the $2,000 end of the price spectrum?

One of the main factors in how much a mattress costs is the type of mattress. Here are a few of the most common:

  • Spring
  • Foam
  • Hybrid
  • Unique (hyper-elastic polymer)

Spring and foam mattresses tend to be lower in cost than hybrids or Purple’s hyper-elastic polymer mattresses. However, prices can also vary greatly within each mattress type. For example, the Bear Original (foam) costs around $747 for a queen-size bed, while Helix Sunset Luxe (foam) runs around $1,749 for the same size. This type of variation can be a result of differences in materials or even the notoriety of the brand itself.

Quality is also a factor of cost, but we want to be clear that high cost is not always a reflection of high quality any more than low cost is always a reflection of low quality. 

How to get the best price on your bed

  • Shop around — One of the most effective ways to get the best price and value in a mattress is by shopping around. Don’t limit yourself to one means of shopping. For example, look on mattress company sites but also look at third-party retailers online, and don’t forget to check in-store deals, too.
  • Comparison shop — Once you’ve done your shopping and narrowed down your options, comparison shopping from seller to seller can save you some serious cash. This means getting pricing for the exact same mattress from multiple sellers to see where you can get the most bang for your buck. 
  • Look for coupons — Many companies offer discount codes or email coupons on their website. The most you’ll have to do for these is sign up for the companies email list, but you can always unsubscribe later if you decide to. 
  • Walk away from the cart — Another expert tip for mattress shopping online is to leave the mattress in your cart and then close the page. Some companies will then email an incentive to complete the order. 
  • Time your buy —  Spring, summer, Black Friday, Cyber Monday, Christmas, 4th of July, or any holidays that fall on a Monday are all times to look for great mattress deals.

Don’t forget to check out our additional mattress shopping tips.

Average price of mattresses

Type of mattressBudget tierMid tierLuxury modelsAverage
Innerspring<$700$700-$1,200>$1,200$1,038
Foam<$600$600-$1,200>$1,200$1,044
Latex<$1,500$1,500-$2,500>$2,500$1,971
Hybrid<$1,500$1,500 to $2,200>$2,200$2,077

*Price averages per tier are for the queen-size bed before discounts.

What to expect for your money?

Hopefully, you’ve got an idea of what you can afford to spend on a mattress by now. But what will that get you? It’s generally safe to assume that the higher the budget, the bigger the bed you can afford. We’ve broken down some price ranges so you’ll know what to expect, whatever your budget may be. 

Free-$300

Unless you got lucky and won some new mattress giveaway, the odds are high that if you’re getting a free mattress, it’s a used one. If you need a mattress and the budget doesn’t permit a purchase, it’s important to remember that a used mattress is often better than no mattress. However, it’s critical to be careful about where you get this used mattress because it may already be sagging, broken, or full of allergens, odors, or even worse, bed bugs. 

Instead of going the used route, you can get a new, twin-sized mattress for a few hundred dollars if the smaller size will suffice. If you try to find a queen or a king mattress for under $300, you are unlikely to get great quality. 

If you can go for a twin mattress, there are good under $300 options. Most of these will be innerspring or memory foam:

  • Allswell The Allswell
  • Linenspa 12 Inch Memory Foam Hybrid
  • Dreamfoam Bedding Arctic Dreams 10
  • Lucid 10” Memory Foam Hybrid
  • Tuft & Needle Nod

$300-$700

As you move into the $300 to $700 range, you can typically get the same mattresses you got above in a twin, but in a queen size, and still stay within budget. Here are some additional queen mattress options for those with a few hundred to $700 to spend:

  • Brooklyn Bower Hybrid
  • Casper Element
  • OkiEasy Hybrid
  • Tuft & Needle Original 

$700-$1,000

Options for high-quality queen mattresses are plentiful at this price point. It won’t be difficult to find what you’re looking for that is high-quality, long-lasting, and comfortable for under $1,000. And don’t forget, if you’re in the market for a twin mattress, you can get some of these well within your price range.

  • Bear Original
  • Cocoon By Sealy Chill
  • The Nectar Memory Foam Mattress
  • Layla Memory Foam Mattress
  • Brooklyn Signature
  • Helix Midnight 

$1,000-$3,000

So, you’ve got somewhere around a grand and $3,000 to spend on a new mattress. Good news! Some of our favorite premium mattresses fit into this price range. You’ll have your pick of material and warranty options. 

  • Purple Original
  • Purple Hybrid
  • Saatva Classic
  • Bear Hybrid
  • WinkBeds Classic
  • Helix Dawn Luxe
  • Avocado Green

$3,000+

The luxury mattress world is your oyster if you’ve got $3,000 or more to spend on a new mattress. Essentially, you can get any mattress mentioned here in king-size and still be at the lower end of your budget. But if you’re just dying to spend more on a mattress, here are a few options. Oh, and we threw one in that’s over a million (Metallic Floating Bed) in case you won the jackpot lottery.

  • Royal Pedic
  • Dux by Duxiana
  • Hypnos Eminence
  • The Palais Royale by Kluft
  • VISPRING Monarch
  • VISPRING Masterpiece Superb
  • VISPRING Diamond Majesty
  • Metallic Floating Bed

What’s Your Budget?

Obviously, affordability is important in any purchasing, mattresses included. But when setting your budget, there are some things to consider outside of price. 

  • What kind of sleeper are you? Some mattresses are better for certain sleep positions than others. Are you a side sleeper? A back sleeper? A stomach sleeper? Or maybe a little mix of all — a combo sleeper?
  • Are you a light sleeper? Some mattresses offer stronger motion isolation than others. If you’re a light sleeper, this can mean the difference in getting uninterrupted sleep. 
  • What is your sleeping temperature like? Certain mattress materials like memory foam are known to hold more heat than perhaps other materials. If you already wake up sweating, you might want to look for a cooling mattress.
  • Let’s talk about health. Are you overweight? Do you have back and neck pain? Other health concerns that impact your sleep quality? There’s a mattress for that. 

Final Thoughts

How much does a mattress cost? Well, what do you have to spend? The reality in the mattress world is that there are mattress options at nearly any price point, and it’s up to you to determine the price range that works best with your budget and in a perfect union with quality, comfort, and durability. A cheap mattress is not always a good one, but an expensive mattress isn’t guaranteed to be a good one either. 

Take your time mattress shopping, set a budget, read reviews, comparison shop, and look for timely deals. Follow those steps, and you’ll be sleeping on a cloud of bliss in no time — without breaking the bank.