There are plenty of reasons to opt for an affordable engagement ring. Many couples these days choose to save up for other priorities, like extended honeymoons and down payments for a house. For others, it’s not about the price tag on the ring, but the commitment and love behind it. And of course, having a budget in this economy is not only understandable but necessary! If you find yourself exploring wallet-friendly jewelers for that perfect piece, stylish options under $1,000 absolutely exist. From sleek and modern options to eye-catching styles that could pass for heirlooms, there is truly something out there for every future fiancé. The diversity in materials is impressive too. Some designers have cost-conscious diamond choices in smaller carat sizes (although many are now expanding to include simulated or lab-grown diamonds). Other jewelers utilize the classic diamond dupe cubic zirconia to achieve a similar look to the real thing at a lower price point. Moissanite — a diamond stimulant that is nearly as hard as genuine diamond — is an ultra sparkly choice that’s a fraction of the price and has been growing in popularity in recent years for its rainbow-like reflections and affordability. Regardless of what material meets your personal balance of needs and tastes, there are loads of special pieces out there. We’ve rounded up picks for some of the most popular stone cuts and ring styles to get you started. Here at Parade.com, we’re all about sharing products we love with our audience. When you make a purchase on an item seen on this page, we may earn a commission, however, all picks are independently chosen unless otherwise mentioned.
Affordable Engagement Rings
Baguette-Cut Engagement Rings Under $1,000
Bony Levy Getty Diamond Baguette Halo Ring, $795 at Nordstrom
This seemingly simple style offers an elevated twist on the classic baguette look. Atop the slim 18k yellow gold band sits several baguette-cut diamonds surrounded by a halo of round-cut diamonds. The result is an intriguing yet dainty piece that maximizes sparkle and budget. Bony Levy Getty Diamond Baguette Halo Ring, $795 at Nordstrom
1/3 ctw Round and Baguette Diamond White Gold Ring, $999.99 at Reeds
Although we’re cutting it a little close, this 10k white gold engagement ring looks like it would have a much higher price tag! Featuring a rectangular-shaped centerpiece of round and baguette diamonds with three rows of additional diamonds, this style definitely shines. 1/3 ctw Round and Baguette Diamond White Gold Ring, $999.99 at Reeds
Baguette Emerald Equilibrium Ring, $653 at Catbird
This solid 14k gold ring showcases a baguette-cut emerald with white diamonds on each side. Perfect for affordability and uniqueness…and it’s made in California! Baguette Emerald Equilibrium Ring, $653 at Catbird
Oval-Cut Engagement Rings Under $1,000
Harper Moissanite Ring, Starting at $81.99 at Lane Woods Jewelry
Lane Woods gives you the ability to choose your own carat weight, offering gems from 0.5ct to a whopping 8cts! Shoppers can then select white gold, yellow gold or rose gold for their custom piece’s setting and band. The oval-cut shape and sleek band combination make for a timeless classic. Harper Moissanite Ring, Starting at $81.99 at Lane Woods Jewelry
Petite Solitaire Engagement Ring, $890 at Blue Nile
One five-star reviewer says, “I was not sure what exactly to expect as I have never ordered a diamond before. I know the engagement ring I ordered, for my now fiancé, was going to be nice, but I didn’t expect it would be beyond my wildest dreams nice.” Petite Solitaire Engagement Ring, $890 at Blue Nile
Heart-Cut Engagement Rings Under $1,000
Single Heart Diamond Ring, $398 at Ring Concierge
For a dainty aesthetic, check out this precious single heart ring available for just $398. The 14k solid gold band perfectly positions the heart–cut diamond for maximum sparkle. Ideal for stacking with a delicate wedding band for an elegant twist. Single Heart Diamond Ring, $398 at Ring Concierge
7.0mm Heart-Shaped Morganite and 1/6 CT. T.W. Diamond Frame Split Shank Engravable Ring in 10K Rose Gold, $699 at Zales
Created in 10k rose gold, this romantic heart ring is able to be personalized with up to nine characters to truly make this an engagement ring like no other! 7.0mm Heart-Shaped Morganite and 1/6 CT. T.W. Diamond Frame Split Shank Engravable Ring in 10K Rose Gold, $699 at Zales
Cushion-Cut Engagement Rings Under $1,000
7.0mm Cushion-Cut Lab-Created White Sapphire and 1/10 CT. T.W. Diamond Double Frame Ring in 10K White Gold, $699 at Zales
A cushion-cut stone is a timeless look. As the website states, this is a style that “captivates with a dazzling 7.0mm lab-created cushion-cut white sapphire bordered by a duo of diamond-lined and beaded halo frames.” 7.0mm Cushion-Cut Lab-Created White Sapphire and 1/10 CT. T.W. Diamond Double Frame Ring in 10K White Gold, $699 at Zales
Pompeii3 2 1/4 Ct Diamond & Moissanite Cushion Halo Engagement Ring 14k White Gold, $793.79 at Walmart
A sparkly 1 1/4ct round–cut moissanite is featured in this glamorous style. Two halos of round–cut accent diamonds circle the main gem, with more set along the band. Every jewel is set in a 14k white gold that amplifies the stones’ brilliance. Pompeii3 2 1/4 Ct Diamond & Moissanite Cushion Halo Engagement Ring 14k White Gold, $793.79 at Walmart
Emerald-Cut Engagement Rings Under $1,000
Lafonn Emerald Cut Halo Engagement Ring & Wedding Band Set, $275 at Nordstrom
This glitzy engagement ring and wedding band set from Nordstrom features inexpensive materials that look luxurious. Even though the emerald-cut stone is a simulated diamond and the jewels are set in platinum-bonded sterling silver, only a well-trained eye would know it. Stackable for easy wear, this duo is the perfect balance of glamor and refinement. Lafonn Emerald Cut Halo Engagement Ring & Wedding Band Set, $275 at Nordstrom
Luxurious 1.50 Carat Ruby and Diamond Halo Engagement Ring, $799.99 at Walmart
She’ll feel like royalty with this unique style featuring a 1-carat emerald-cut Ruby in the center, surrounded by .50-carat diamonds. Luxurious 1.50 Carat Ruby and Diamond Halo Engagement Ring, $799.99 at Walmart
Princess-Cut Engagement Rings Under $1,000
Diamond Princess Solitaire Engagement Ring (1/4 ct.) in 14k White Gold, $1,000 at Macy’s
Okay, so this is exactly $1,000. It’s a super simple design featuring a single princess-cut diamond on a sleek 14k white gold band—something as clean and minimal as this ring will never go out of style. Diamond Princess Solitaire Engagement Ring (1/4 ct.) in 14k White Gold, $1,000 at Macy’s
Round-Cut Engagement Rings Under $1,000
Lafonn Solitaire Simulated Diamond Engagement Ring, $195 at Nordstrom
An impressive round-cut simulated diamond is secured with a delicate four-prong setting on this uber-affordable ring. The band is lined with an additional 14 smaller simulated diamonds for an extra bit of shine. Lafonn Solitaire Simulated Diamond Engagement Ring, $195 at Nordstrom
Cluster Engagement Rings Under $1,000
Diamond Cluster Ring (1/2 ct. t.w.) in Sterling Silver, $700 at Macy’s
Even though cluster-style rings are typically made up of smaller round-cut diamonds, we felt they deserved their own category given their unique appearance. This one from Macy’s features tons of sparkly diamonds set in sterling silver for a truly opulent look. Diamond Cluster Ring (1/2 ct. t.w.) in Sterling Silver, $700 at Macy’s
David Yurman Petite Albion Ring with Pavé Diamonds, Starting at $975 at Nordstrom
Featuring a cluster of pavé diamonds framed by a halo of pavé diamonds, this ring (all but one ring size is $975) offers a fresh take on the cluster style. The iconic David Yurman rope details compliment the split shank band. David Yurman Petite Albion Ring with Pavé Diamonds, Starting at $975 at Nordstrom Next Up: Share the News With These 25 Exciting Engagement Announcement Ideas!
