15 Inexpensive Home Decorations That Will Make Your Living Room Look Luxurious

Having a luxurious living room doesn’t have to be expensive. You already know you can save on everyday essentials at retailers like Walmart, Sam’s Club, and Target. 

But these same stores offer inexpensive home decorations that will make your living room look luxe on a budget and with minimal effort — no interior designer needed.

Here are 15 luxurious and inexpensive home decorations you may want to add to your living room.

Editor’s note: Prices and availability are subject to change and may vary by location.

Price: $39.99 (Walmart, on sale from $199.99)

A lamp adds function and style, and choosing the right one can mean having a luxurious statement piece in your living room. For a refined look, opt for a lamp with a metallic finish, sleek design, and linen or silk shade.

If you’re ready to light up your life and add storage to boot, consider the HadinEEon floor lamp from Walmart — the linen lampshade and sleek design look posh, and the price tag looks affordable. Plus, the shelves add storage options or offer a place to put decor.

Price: $54.98 (Sam's Club)

Adding a rug to your living room will tie your space together and instantly change the feel. For a luxurious look, choose a rug with elegant patterns or solid neutral tones.

 The Scanda Area Rug at Sam’s Club not only fits the category of elegant patterns with rich blue and red tones, but it is also an affordable way to make your home look elegant.

Price: $23.00 (Walmart)

Wall art is a quick and simple way to add luxury to your living room because it adds vibrancy. Experts suggest choosing rich colors, abstract designs, landscapes, or portraits to create a focal point and add personality. 

You can get the perfect statement piece at Walmart with the COMIO White Flower Texture Painting. The abstract, textured art piece will stand out and elevate any aesthetic.

Price: $12.74 (Walmart)

Greenery adds elegance and life to your space, and opting for faux plants minimizes the upkeep. Plants add color and a feeling of freshness, giving you a nice balance of elegance and natural beauty. 

With the two-toned vase, This Better Homes & Garden faux olive plant from Walmart is a perfect addition to help you achieve a look of upscale elegance for a non-upscale price.

Price: $14.97 (Walmart, on sale from $20.00)

Using a mirror as a design tool allows you to enhance a feeling of luxury, and experts say it makes the room seem bigger and brighter. 

Choose a mirror with an elegant frame like The Mainstays Mantel Wall Mirror from Walmart. It comes in black or gold, so it will complement most color schemes.

Price: $46.00 (Walmart)

Experts say lighting defines your home’s character and highlights your accessories while creating ambiance. Bold lighting choices create focal points that can add drama, sophistication, and even a hint of class. A luxurious chandelier is the statement piece you need to make your living room feel a little more upscale.

This Walmart chandelier is only $46, while other stores sell them for hundreds more. At Bed Bath & Beyond, a similar one is on sale for $341.54.

Price: $16.88 (Walmart)

It’s easy to overlook throw pillows, but they’re one of the best ways to decorate your space. They make your living room feel more inviting while adding texture and character. 

The bubble fur of the Better Homes & Garden throw pillow at Walmart has a luxurious appeal to help you give your living room a high-end feel on a budget. This pillow is available in five colors, so you’ll definitely find one to complement your style.

Price: $5.55 (Five Below)

Throw blankets enhance your space by adding warmth, depth, and texture. Choosing a thick material like sherpa, cashmere, wool, or faux fur creates a feeling of luxury, but you don’t have to overspend to get the feel.

Five Below has comfortable sherpa blankets for only $5.55, allowing you to stretch your decorating budget. Similar throw blankets from Pottery Barn cost $49, so you can choose a couple at Five Below and still spend less.

Price: $35.49 (Target)

Drapes on your windows can instantly add a touch of luxury to your living room, especially when you layer materials or use velvet or linen blends. Opting for floor-to-ceiling drapes can make the room feel taller, so it’s also a great way to add height and elegance.

These Catarina Layered Curtains from Target are perfect for luxury because they come with a sheer panel for layering.

Price: $30.49 (Target)

Placing a wooden tray on your ottoman, coffee table, or side table is a functional and stylish way to get a luxurious feel. You can use it to hold items for functionality or to display more decor for a cohesive look.

This Storied Home Paulownia Wood Hand-Carved Tray from Target is the perfect option with its natural feel and visual appeal. Whatever you place on the tray will look organized and help draw the space together.

Price: $14.97 (Walmart)

A marble sculpture brings sophistication and elegance to your living room while also adding depth and interest. It’s a timeless option associated with high-end designs.

Better Homes & Garden geometric tabletop sculpture at Walmart is the perfect choice for design on a budget. 

At $14.97, the genuine marble piece is the perfect size to add visual interest but not so large that it overwhelms the space. Target has a nearly identical sculpture for $43.99, so you’ll save big at Walmart.

Price: $47.99 (Walmart)

Books are a surprising decor option that adds visual interest and intellectual appeal. You can stack them together on your coffee or side table for a high-end look.

While you could use real books, decorative books save you the hassle of finding beautiful books in coordinating colors. Walmart sells them for an affordable price, so you can quickly add the Pen & Willow Green Decorative Books to complement your space.

Price: $20.00 (Target)

Vases can hold flowers or remain empty to work as an accent piece. A metallic finish reflects light, adding sophistication and a feeling of luxury. 

The Threshold Silver Twisted Ceramic Vase from Target is the perfect option, with the twists adding character and the metallic finish boosting brightness.

Price: $26.99 (Walmart)

Bookends can add to your luxurious aesthetic while allowing you to highlight your personality. Instead of simple ones that no one will notice, consider adding something that will be the focal point of your bookshelf. 

Marytumm Decorative Chess Bookends from Walmart are the ultimate mix of luxury and personality. Featuring knight and pawn oversized chess pieces, this set is the perfect complement to your space.

Price: $10.96 (Walmart)

The glow of a lit candle creates a luxurious feel, and placing it in a candle sleeve that matches your aesthetic adds to it. 

Hosley metal candle sleeves are a gorgeous addition — the bronze finish adds a touch of class while the geometric cutouts will cast beautiful, flickering shadows on your surfaces. For only $10.96 for a set of eight at Walmart, these candle sleeves are a quick and inexpensive way to add luxury to your space.

Adding these items or similar choices to your living room can help you create a luxurious space. You can have the living room aesthetic you want without overspending.

Saving on decor isn’t the only way to keep more money in your wallet while shopping at these stores. You can also earn rewards on everyday purchases.