I have a small room and for storage I bought stackable buckets at Walmart and they hold a lot of my baby girls clothes. They were cheap too, like $4 a bin I think. Sadly I don't have suggestions for what to do with your bed, I had the same problem. Ended up getting rid of my bed and giving her her own room.. I now sleep in my moms bed, but its for her so I'm fine with it.
You might also be able to buy cute baskets to store under the crib and keep clothes and stuff in them...might not be the ideal storage solution but it would work and look cute in the process :)
I have a closet but I share it with my sister. Their is no room for anything to go in their
If you have a closet....Target.com $23 plus S&H, awesome baby closet organizer. I was able to hang my sons outfits, store onesies, multiple blankets, socks/mittens, sleepers, diapers, wipes, bath stuff (lotions, washcloths, towels) shoes in four different side compartments....I love it!! I just got it today and was able to organize so easily. I too have to share a bedroom with baby in a one bedroom apartment. I also found a tall slender dresser at Kmart that I may pick up soon for more clothing space.
Do you have a closet? If you do put the dresser in there and that will give you more room!
Shelves are great and don't take up floor space