20 Affordable Engagement Rings Under $1,500

Beautiful and budget-friendly

Diamond engagement ring.

Courtesy of Après Jewelry

Diamonds may be a girl's best friend, but they can also be your bank account's worst enemy. If you're shopping for an affordable engagement ring, you may have to think a bit more outside the box. Bigger carat sizes, flawless clarity, and unique settings all hike up an engagement ring's price, making your dream ring a very serious investment.

Spending bookoo bucks may not be a reality for you, and that's okay. Instead, try swapping out a natural diamond for a lab-created one (yes, they are legitimate) or a similar-looking diamond alternative like white sapphire, moissanite, or morganite—all are equally eye-catching and cost a lot less than mined diamonds. Also consider a colorful gemstone (a super-popular choice when affordability is a concern), a ring with enamel (which is super trendy right now), a cluster-style ring of smaller stones set together to create the illusion of a bigger center stone, and a unique setting with detailed metalwork (antique rings are a great option for this style). Or pick from a variety of metal settings instead of platinum, like yellow gold, rose gold, or sterling silver. Sticking to minimalist bands and bezel settings will also be cheaper—we know, we know, you may have had your heart set on a pavé band or halo, but truthfully, simpler styles are more of the moment anyway. So think of it as the cooler, more modern alternative.

Wanting a beautiful engagement ring (and, hey, you deserve one) doesn't mean you have to break the bank. There are many ways to signify a lifelong commitment without going in the red zone of your checking account or racking up a serious credit card balance. Whether you’re dead set on a diamond or open to gemstones, cluster rings, or antique styles, we've found an array of inexpensive engagement rings that are as affordable as they are unique.

01 of 20

Ilud Ring

Ilud Ring

Courtesy of Rachel Boston

SHOP NOW: Rachel Boston, approximately $300

02 of 20

Diamond Nico Ring in Rose Gold

Diamond Nico Ring

Courtesy of Barbela

SHOP NOW: Barbela Design, $720

03 of 20

The Solitaire Ring

The Solitaire Ring

Courtesy of Eva Fehren

SHOP NOW: Eva Fehren, $850

04 of 20

Nestled Moonstone and Diamond Ring

Nestled Moonstone and Diamond Ring

SHOP NOW: Wwake, $875

05 of 20

Love V Ring With Pear

Love V Ring With Pear

Courtesy of Shahla Karimi

SHOP NOW: Shahla Karimi, $890

06 of 20

Razia Mini Ring

Razia Mini Ring

Courtesy of Selin Kent

SHOP NOW: Selin Kent, $900

07 of 20

14K Diamond Ring

Mary MacGil

SHOP NOW: Mary MacGill, $925

08 of 20

Bold Diamond Stacker Ring

Bold Diamond

SHOP NOW: AuRate, from $1,800

09 of 20

Aronia Ring

Aronia Ring

Courtesy of Kataoka

SHOP NOW: Kataoka, $980

10 of 20

Jennie Kwon Green Tourmaline Deco Point Ring

Jennie Kwon

SHOP NOW: Broken English Jewelry, $985

11 of 20

Half-Moon Dyad Ring

Half-Moon Dyad Ring

Courtesy of Bario Neal

SHOP NOW: Bario Neal, from $1,160

12 of 20

Marquise Diamond Ring

Marquise Diamond Ring

Courtesy of Ariel Gordon

SHOP NOW: Ariel Gordon, $1,195

13 of 20

Art Deco Diamond Engagement Ring

Art Deco Diamond Engagement Ring

Courtesy of Doyle & Doyle

SHOP NOW: Doyle & Doyle, $1,200

14 of 20

Cambria Ring

Jade Trau

SHOP NOW: Jade Trau, $1,200

15 of 20

Princess-Cut Petite Solitaire Engagement Ring

Princess-Cut Petite Solitaire Engagement Ring

Courtesy of Blue Nile

SHOP NOW: Blue Nile, $830

16 of 20

Diamond Cosmic Witch Ring

Diamond Cosmic Witch Ring

Courtesy of Sofia Zakia

SHOP NOW: Sofia Zakia, $1,310

17 of 20

Loop Morning Light Ring

Loop Morning Light Ring

Courtesy of Loop

SHOP NOW: Loop, from $1,350

18 of 20

The Triple Rose Cut Ring

The Triple Rose Cut Ring

Courtesy of Après Jewelry

SHOP NOW: Après Jewelry, $1,365

19 of 20

Signature East-West Radiant Three Stone Engagement Ring in White Gold

Three Stone Engagement Ring in White Gold

Courtesy of Charles & Colvard

SHOP NOW: Charles & Colvard, $1,399

20 of 20

Mini Peak Ring

Mini Peak Ring

Courtesy of KatKim

SHOP NOW: KatKim, $1,400

Related Stories