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The 26 Best Affordable Engagement Rings Under $1,500

Our picks include solitaire rings, halo rings, and three-stone rings in a variety of styles and metals.

Charles & Colvard Signature East-West Radiant Engagement Ring on a yellow and orange background

Brides / Bailey Mariner

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. Although financing a ring is almost always an option, some couples prefer to choose an affordable option instead.

"A general rule of thumb for matching diamonds is that they be within a color grade apart. For example, if your diamond center stone is an F color, your side stones could be E or G, and they would look cohesive to the naked eye," explains expert Kim Kanary. In fact, since you don't necessarily need your stones to perfectly match, opting for diamonds that slightly vary in color is a great way to cut costs.

Thanks to the internet, it's never been easier to find a ring that offers the most bang for your buck. With the help of two jewelry experts, we found the best affordable rings that don't compromise on style or quality. Brilliant Earth's Six-Prong Petite Ring not only gives you that classic solitaire look but is extra comfortable thanks to a rounded inside edge. Or you can go with an equally-sparkly diamond-alternative like Capucinne Loretta Baguette Morganite Ring or an Oval Moissanite Engagement Ring.

This pear-shaped diamond on a rose gold band with marquise-shaped accents is reminiscent of an Art Deco style. Available in round, oval, cushion, pear, or emerald shapes, your lab grown center stone and side stones will glisten, whether it's nestled on a 14k white gold, 14k yellow gold, 14k rose gold, or platinum band.

Metals: 14k white gold, 14k yellow gold, 14k rose gold, platinum | Stone Type: Lab grown | Stone Shape: Round, oval, cushion, pear, emerald | Stone Size: 1-2.2 ct

It's safe to say that this piece is bound to stand the test of time. This timeless diamond solitaire is available in round, oval, pear, marquise, and heart shapes, and in platinum, yellow, white, and rose gold. You can choose between a natural or lab-grown diamond set in a six-prong setting. 

Metals: Platinum, 18k yellow or white gold, 14k rose gold | Stone Type: Natural or lab-created diamond | Stone Shape: Round, oval, pear, marquise, heart | Stone Size: 0.33-2 ct

Delicate yet striking, this marquise-cut stone shines brightly in the center of a platinum band half-embellished by petite micropavé diamonds. This ring can be made with a natural or lab-created diamond and is available in other stone shapes including round, princess, emerald, asscher, cushion, radiant, oval, pear, and heart. Plus, this solitaire's shape is bound to elongate your finger making for an ultra-flattering look.

Metals: Platinum, 18k white or yellow gold, 14k rose gold | Stone Type: Natural or lab-created diamond | Stone Shape: Round, princess, emerald, asscher, cushion, marquise, radiant, oval, pear, heart | Stone Size: 0.10 ct

This show-stopping ring features a center solitaire in a round, princess, cushion, emerald, asscher, marquise, oval, radiant, pear, or heart shape surrounded by 14 alternating round diamonds and blue sapphires. Set this stunning ring in your choice of platinum, palladium, 14k or 18k white, rose, or yellow gold.

Metals: Platinum, palladium, 18k or 14k yellow, white, or rose gold | Stone Type: Natural diamonds and blue sapphires | Stone Shape: Round, princess, cushion, emerald, asscher, marquise, oval, radiant, pear, or heart with round diamonds and sapphires | Stone Size: 0.11 ct

An emerald-cut center stone flanked by two baguette diamonds on a 14k white gold band is perfect for the modern and minimalist bride. However, you can customize your design at Grown Brilliance to suit your style. For instance, mix and match a round, oval, cushion, pear, or emerald cut with a 14k white gold, 14k yellow gold, 14k rose gold, or platinum band to accentuate the lab grown diamond in the middle.

Metals: 14k white gold, 14k yellow gold, 14k rose gold, platinum | Stone Type: Lab grown | Stone Shape: Round, oval, cushion, pear, emerald | Stone Size: 0.875-2.25 ct

This is simplicity at its best. This stunning solitaire stands out in the elegant twist setting. Choose from a natural or lab-grown diamond in an array of cuts including round, oval, cushion, princess, emerald, marquise, asscher, and radiant. You can also select to set the stone in platinum, white, yellow, or rose gold for most authentic representation of you.

Metals: Platinum, 18k white or yellow gold, 14k rose gold | Stone Type: Natural or lab-created diamond | Stone Shape: Round, oval, cushion, pear, princess, emerald, marquise, asscher, radiant | Stone Size: 0.33-2 ct

This piece maximizes its sparkle and creates the allure of a shimmering diamond band with round and marquise-shaped diamonds surrounding a center stone. Customize this ring with your selection of natural or lab-created diamonds in a range of sizes. You can also select a round, oval, cushion, pear, princess, emerald, marquise, asscher, or radiant stone for your center gem, and set this beauty in platinum, white, yellow, or rose gold.

Metals: Platinum, 18k white or yellow gold, 14k rose gold | Stone Type: Natural or lab-created diamond | Stone Shape: Round, oval, cushion, pear, princess, emerald, marquise, asscher, radiant | Stone Size: 0.33-2 ct

A baguette-shaped peach morganite center stone sits pretty on a pavé-set customizable band in this ring from Capucinne. Three round white diamonds line each side of the elongated stone. Options include a platinum, yellow, white, or rose gold band. You can even select different side stones if you wish. While it may be dainty, this piece truly makes a statement!

Metals: Platinum, 18k or 14k yellow, white, or rose gold | Stone Type: Morganite | Stone Shape: Baguette | Stone Size: 8x4 mm

For a classic look with a twist, consider a cushion-cut center stone on a 14k white gold band with a split shank setting lined with smaller diamonds. You can purchase this lab grown diamond in a variety of shapes and metals, including round, oval, cushion, pear, and emerald, along with 14k white gold, 14k yellow gold, 14k rose gold, and platinum.

Metals: 14k white gold, 14k yellow gold, 14k rose gold, platinum | Stone Type: Lab grown | Stone Shape: Round, oval, cushion, pear, emerald | Stone Size: 1-3.3 ct

A simple platinum band allows the center of attention to be on all of that irresistible shimmer! This petite solitaire from Blue Nile is just oh-so-perfect. Choose from a nature or lab-created diamond and select your dream shape: round, princess, asscher, cushion, marquise, radiant, oval, pear, or heart. You can have your stone set in platinum, yellow, white, or rose gold.

Metals: Platinum, 18k yellow gold, 14k yellow, white, or rose gold | Stone Type: Natural or lab-created diamond | Stone Shape: Round, princess, emerald, asscher, cushion, marquise, radiant, oval, pear, heart | Stone Size: 0.25-4 ct

This price tag has us doing a double-take, and we're definitely not complaining. Featuring a round clear cubic zirconia stone set in a crown-shaped claw setting, this ring gives you the look of a classic diamond for a price you simply can’t beat You have a choice of a 14k gold-plated metal or sterling silver band. For added sparkle, small cubic zirconia stones adorn the ring shank.

Metals: 14k gold-plated, sterling silver | Stone Type: Cubic zirconia | Stone Shape: Round | Stone Size: N/A

Hello, sparkle! We're loving this pavé-set diamond band featuring an emerald-cut center stone. Or, if you prefer, you can also choose an oval, pear, or princess-shaped natural diamond. The ring comes in yellow, white, or rose gold. The best part is that incredible double halo.

Metals: 14k yellow, white, or rose gold | Stone Type: Natural diamond | Stone Shape: Emerald, oval, pear, princess | Stone Size: 0.5-1.5 ct

This oval-shaped moissanite ring with diamond or moissanite side stones demands all of the attention in this nature-inspired piece. With an array of metals to choose from (yellow, white, or rose gold), customize this ring not only to your style but also to your budget. This ring looks vintage, but is custom made to order by hand.

Metals: 18k or 14k yellow, white, or rose gold | Stone Type: Moissanite | Stone Shape: Oval | Stone Size: 6-10 mm

Adorned with an intricate diamond band, this vintage-inspired engagement ring flaunts the look of a marquise-shaped stone. Choose from a round, pear, oval, radiant, princess, emerald, or asscher natural diamond, and set it in platinum, white, yellow, or rose gold. You may or may not ever stop staring at your hand.

Metals: Platinum, 18k white, yellow, or rose gold, 14k white gold | Stone Type: Natural diamond | Stone Shape: Round, pear, oval, radiant, princess, emerald, asscher | Stone Size: 0.11 ct

The chain-inspired band of the Nico Ring gives it added sparkle and style and is a great alternative to diamonds. Adding stunning visual interest, this bezel-set round diamond solitaire is simply the prettiest piece to flaunt on your finger. Choose from yellow, white, or rose gold, and let the female-owned team at Barbela Design do the rest.

Metals: 14k yellow, white, or rose gold | Stone Type: Diamond | Stone Shape: Round | Stone Size: 0.17 ct

This is one of those pieces where just one picture doesn't do it justice. Scroll through this ring's photos to admire its many gorgeous features as well as the different bands that can be styled with this stunner. From the enchanting oval iridescent moonstone to the dainty diamonds, there's nothing that we don't love. Need more reasons to make this WWAKE ring your own? It’s made in New York with reclaimed diamonds and recycled gold. 

Metals: 14k yellow, white, or rose gold | Stone Type: Moonstone | Stone Shape: Oval | Stone Size: 0.85 ct (moonstone)

It doesn't get any more romantic and ethereal than this. Effortlessly beautiful, a cluster of round diamonds is scattered throughout this gently twisted band. Choose from an 18k beige gold, rose gold, or platinum band. This unique ring stands alone, but it can also be stacked with other favorites if you prefer.

Metals: Platinum, 18k rose or beige gold | Stone Type: Natural diamonds | Stone Shape: Round | Stone Size: 0.04 ct

Striking and sophisticated—just the way we like it! This dazzling three-stone ring features a unique east-west radiant cut moissanite stone on a 14k white gold band adorned by two side stones (also in moissanite) in a trillion cut.

Metals: 14k white gold | Stone Type: Moissanite | Stone Shape: Main stone: Radiant, side stones: trillions | Stone Size: 1.38 ct

Inspired by the moon, we love how this one appears as if two half-moons are connected to one another. Contemporary and undoubtedly show-stopping, this bezel-set ring features two beautiful white sapphire stones. Choose from 18k white or yellow gold, or 14k white, yellow, or rose gold for your handmade ring.

Metals: 18k white or yellow gold, 14k white, yellow, or rose gold | Stone Type: White sapphires | Stone Shape: Half-moon | Stone Size: 5.5-5.6 mm

This is such a sweet and dainty spin on a classic solitaire with a pavé-set diamond band. Set in a thin band of 14k yellow, white, or rose gold, we love the look of the elongated center stone and the diamonds that shank the sides. You can also choose a center baguette stone in a variety of gems from amethyst to sapphire.

Metals: 14k white, yellow, or rose gold | Stone Type: Diamond, amethyst, aquamarine, citrine, emerald, garnet, moonstone, peridot, ruby, sapphire, topaz (blue), tourmaline (pink) | Stone Shape: Baguette | Stone Size: 0.21 ct

Style it in a stack or slip it on solo, there's no wrong way to wear this handcrafted 18k yellow gold ring. This piece features a unique geometrically-shaped band and a round solitaire diamond. This special ring is part of an art deco-inspired capsule collection at Ben Bridge.

Metals: 18k yellow gold | Stone Type: Natural diamond | Stone Shape: Round | Stone Size: 0.16 ct

We have one word: wow. Incredibly romantic and magical, this rose gold band is encrusted with delicate diamonds and lunar-inspired detail. The handmade ring features a single brilliant natural diamond surrounded by 15 small diamonds. This special ring is also available in 14k white and yellow gold.

Metals: 14k white, yellow, or rose gold | Stone Type: Natural diamonds | Stone Shape: Brilliant | Stone Size: 2.5 mm

Get creative with this one! From white, champagne, or black diamonds to an array of different metals, you can truly make this piece your own. No matter which one you choose, the stunning halo pavé set diamond encompass a dazzling round center diamond. The sides of the band are also set with diamonds for extra shimmer. 

Metals: Platinum, 18k or 14k white, yellow, or rose gold | Stone Type: Natural diamonds | Stone Shape: Round | Stone Size: 0.33-4 ct

Six pretty little round natural diamonds set in three pairs of two glimmer on a simple customizable 14k gold band. Wear it alone or pair it with other pieces, the versatility of this stunner ensures its enduring beauty. Like other WWAKE products, this ring is sustainably made with recycled gold and reclaimed diamonds.

Metals: 14k yellow gold | Stone Type: Natural diamonds | Stone Shape: Round | Stone Size: 0.18 ct

This halo engagement ring from Grown Brilliance has a stunning lab-grown white diamond solitaire encircled by small diamonds. The smooth classic band comes in 14k yellow, white, and rose gold as well as platinum. If you prefer a different shape, this timeless solitaire is also available with oval, cushion, emerald, radiant, and princess diamonds.

Metals: Platinum, 14k yellow, white, or rose gold | Stone Type: Lab-created diamonds | Stone Shape: Round oval, cushion, emerald, radiant, princess | Stone Size: 0.84-2.25 ct

This pear-shaped ring from HauteCarat sparkles. The lab-created diamond on this charming ring is surrounded by a delicate pavé band. Available in 14k white, yellow, and rose gold, this ring is sustainably made in the US.

Metals: 14k yellow, white, or rose gold | Stone Type: Lab-created diamonds | Stone Shape: Pear | Stone Size: 0.40 ct

Other Options You Might Like

Vrai Knife-Edge Bezel Ring

This knife-edge bevel-set lab-created diamond is encompassed by a 14k yellow or white gold band. Simply choose your stone shape (round, brilliant, marquise, trillion, or baguette) and band color, and you’re good to go.

Angara Unique Prong-Set Diamond Three Stone Engagement Ring

The best things come in threes, right? This ring is sparkling proof. Available in platinum, rose, white, or yellow gold, customize this classic engagement ring to your own personal style.

What to Look For When Choosing an Affordable Engagement Ring

Stone

Just because you're on a budget doesn't mean you should have to sacrifice any sparkle. Try swapping out a natural diamond for a lab-created one or a similar-looking diamond alternative like white sapphire, moissanite, or morganite. Capucinne Loretta Baguette Morganite Ring is simple but still makes a statement.

"Morganite is an excellent alternative stone that can be more budget-friendly. Gems like spinel, sapphire, and ruby are also among the more durable gemstones, and while some varieties can command high prices, you can find a variety of colors and styles that fit a more modest budget," says Kanary.

Setting

Thankfully, when it comes to your setting, there are clever alternatives that cut costs while still achieving an almost identical look. "The most important aspects to a setting are that it is strong enough to hold your stone and that it is aesthetically pleasing to you," Kanary states. "Some of our favorite options for affordable settings are rhodium-plated silver and 18k yellow gold over silver, both of which provide a luxe look while being cost-effective."

"If you're looking for more affordable jewelry that will last, we recommend gold-plated items. You can have a durable metal core with a fine gold exterior—all of which provide an expensive look but are cost effective and simple to maintain over time," suggests Kanary. Many brands like Blue Nile offer rings, like their Petite Micropave Diamond Ring, that can come in different metals ranging from platinum to 14k gold.

Band

Opting for a minimalistic band grants you more freedom to indulge in a bigger or more eye-catching stone. Or, if you're looking to make the band more of the focal point, consider textured bands, split shanks, or less-expensive gemstones for extra embellishment. With a row of sapphires, Allurez's ring looks extra regal.

Cut

Consider the cut of the diamond that you’re most drawn to. Many people equate cut with the shape of the diamond. Cut describes the facets, or reflective qualities of a diamond, while shape is the exterior cut (pear, marquise, emerald, etc.) There is a correlation between cut and shape, however, some shapes, like round and princess-shaped diamonds, tend to have more cuts and therefore give off more sparkle. 

Size

The size of a diamond is based on the overall dimensions of the stone. While many people equate size with carats, the number of carats refers to the weight of the diamond. The average diamond engagement ring is one carat. But there are much lighter and considerably heavier diamonds, and the size that you choose ultimately depends on your budget, personal style, and the quality of the diamond you’re looking for. 

FAQ
  • How much should an engagement ring cost?

    How much you spend on an engagement ring is a personal decision. "The traditional convention that many people hold to is to spend the equivalent of three months salary," says Kanary. "However, conventions are constantly changing, so prioritize a budget that is within your comfort level."

  • How can I make a diamond engagement ring more affordable?

    "If your heart is set on a diamond, but you want to maximize your budget, you may want to consider lab-grown diamonds over mined diamonds," says Kanary. "Lab-grown diamonds are chemically, optically, and physically the same as mined diamonds." Brilliant Earth's Six-Prong Petite Ring comes in both natural and lab grown diamonds.

    Celebrity jewelry designer Stephanie Gottlieb says halo and cluster styles, like Kay Jewelers Diamond Ring, also give you more bang for your buck.

    "A halo is a really good option, because from far away it will appear to just be one larger stone, and this means that the center stone can be smaller and therefore less expensive," says Gottlieb. "You can also opt for a 'cluster' design that uses several small stones in a clustered design, which can look like one large diamond."

  • How can I ensure an affordable engagement ring is high-quality?

    Purchase from a reputable jeweler, and ask yourself: Have I done my research? Do I trust this retailer? Does the retailer provide educational resources and disclosures? Am I able to return the ring if it's not exactly what I want? "Ultimately, the most important question to consider is whether you will love and cherish your potential ring," Kanary says. "And if that's a yes, then go for it!"

  • What are the best inexpensive stones that emulate a diamond?

    "Synthetic moissanite is an excellent alternative to a diamond because of its physical properties. Moissanite offers a more affordable price point, but it still requires a modest budget to invest in a high-quality piece," say Kanary. This Oval Moissanite Engagement Ring looks extra special thanks to its vintage design. "Additionally, white zircon is a natural gemstone that imitates a diamond visually in its colorless nature and high dispersion."

  • Can I add stones to my engagement ring later?

    "With a good jeweler, you can do almost anything," says Kanary. "You may need to sacrifice some style designs depending on how much you want to add or change, but if you are looking for a simple stone swap, that can be done very easily as long as the stone has similar dimensions. Adding side stones is also a fairly simple task for a jeweler."

Meet the Expert

  • Kim Kanary is the senior vice president of marketing and brand management at JTV, where she leads the gemstones advancement team and social media group.
  • Stephanie Gottlieb is a celebrity jewelry designer and founder of her eponymous fine jewelry brand. Known for her one-of-a-kind diamond statement pieces, Gottlieb most recently designed Britney Spears’ custom wedding bands.


Why Trust Brides

Laura Lajiness is a writer and editor covering fashion, accessories, and fine jewelry. She was the senior fashion editor at The Zoe Report and POPSUGAR, and she has additional experience as a copywriter and fashion publicist. For this article, she spoke to Kim Kanary, the senior vice president of marketing and brand management at JTV, where she leads the gemstones advancement team and social media group. Celebrity jewelry designer Stephanie Gottlieb also offered her insights.

Article Sources
Brides takes every opportunity to use high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial guidelines to learn more about how we keep our content accurate, reliable and trustworthy.
  1. Skibicki, Robin. “How to Shop for Diamond Engagement Rings.” American Gem Society.

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