Framed fabric makes for easy, inexpensive artwork you won't be sad to part with if you have to. Try using pretty old scarves from thrift stores!
fabric in frames
Hanging paper & fabric. I love this idea & a very inexpensive way to decorate it your budget is low.
Fabric Wall Panels. This would be cute as a makeshift headboard or even just wall art.
a faux fireplace mantle would make a cool headboard
like the simplicity of this
DIY Faux Fireplace- How to make DIY Faux fireplaces- tutorials!
My living room might not be big enough to have something behind the couch, but i like this idea.
DIY- Pallet Dog Bed
LOVE these Layered Reclaimed Wood Frames