Buy it on: Amazon
The Intex Inflatable Ultra Lounge Chair is one of the cheapest console gaming chairs you can get right now. It's a comfortable lounge chair that lets you kick back and enjoy the game on the big screen. It even comes with an ottoman and a cup holder.
You'll have to inflate it for use, and it's not exactly airtight, so expect it to deflate over time. That can easily be remedied by reinflating it, however.
It's a comfortable little console gaming chair that's easy to store, and it's ultra-affordable. What else is there to say?