With three boys sharing one modestly sized bedroom, space is certainly at a premium. A couple months ago our youngest son moved out of a crib and into a twin bed, leaving even less floor space. His dresser/changing table was also a bit tall and I was concerned about the risk of him trying to climb on it and tip it onto himself, so we sold it. My stop-gap solution is a few bins set on top of his brothers' dresser. This won't win any decorating awards, but it suits our needs and it didn't cost a dime since I was able to find the supplies around our home. 1 bin for tops, 1 bin for bottoms, 1 bin for socks & pajamas. I simply connected the crates with one bungee cord on the front and one bungee cord on the back.
3 file crates + 2 bungee cords = good enough for us
If you don't have these things around your house, I've seen file crates for $3 each at this time of year and the bungees were $1 for 2 at the Target dollar spot.