The cats that I have shared my home with have made it very clear that they are not impressed with the price of a bed. It's the same scenario as giving a child a present and having them enjoy the box the gift came in more than the gift itself. Given the chance, cats will show you what type of bed they desire.
An inexpensive plastic storage box can easily be converted into a cat bed.
Inexpensive baskets can easily be found at yard sales. Place a soft cushion inside and most cats will find this a comfortable place to nap.
I had a cat that didn't like any cat bed I bought or made for her, so she chose her own. I had purchased a really large pottery flower pot intending to use it as a planter. Before I got around to adding soil and plants, this cat jumped in, curled up and decided this was the ideal bed for her. Needless to say, I never used this beautiful pot for plants. If I put a pillow inside the container, she would walk around the pot and "fuss about it". As soon as I would take the pillow out she would jump in and curl up for a nap.
Cats just naturally seem to enjoy a round clothes basket. Put a pillow in the bottom of the basket and you have an inexpensive cat bed. The open weave of a plastic clothes basket gives you a place to hang some toys for your cat to enjoy.
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I made a cat box bed for my late cat, Midnight. He would go outside to do his business, as he was a stray who showed up on my porch one cold winter night. He didn't really like a litter box.
I have one of those cat beds that is just the bottom with short sides around. I've been trying to come up with a way of making a cover for it because my cat likes the "cave" feel.
My sun shield for the car had fallen off the table and landed upside down. It was the silver kind that looks like aluminum foil. I found my kittens, Tommy and Peanut, had made themselves a nice comfortable nap mat out of it.
If you want a cheap cat bed, use a banana box with a cushion. When they get chewed and tatty, just get another one. They are big enough even for a large Ragdoll cat and her kittens.
I keep any plastic cake box I get from Walmart. I wash the top half of it and put a sweater in it. I hide it somewhere cozy for the cats. They love to lay in them.