New mattresses can vary greatly in price based on material, special features, and size. You can find a mattress priced for every budget. Here is a general guide provided by the Sleep Foundation: Budget Mattress: These mattresses are usually made entirely of foam or have an innerspring construction using basic materials. The price range usually spans from $250 to $1,000 with the average price of a Queen being $600 and a Twin being $400. Mid-Range Mattress: Usually constructed from foam, innerspring, or a hybrid using quality materials. Prices can range from $500 to $1,500 with the average Queen costing $1,000 and the average Twin costing around $600. Luxury Mattress: Luxury beds are constructed from high-end materials and can consist of hybrid and latex construction. The price range goes from $1,200 to $3,000-plus. The average Queen can go for $1,800 with the average Twin costing around $1,300. Aside from the cost of the mattress, you also need to consider additional expenses like foundations and accessories, shipping and setup costs, and warranties.