Best Affordable Engagement Rings 2023

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Shopping for an engagement ring is no easy feat — especially if you’re looking for something on a budget. Weddings are notoriously expensive occasions, and by the time you start budgeting for the honeymoon, reception, and let’s be real, open bar, you might feel more inclined to keep your engagement ring-spending within reason.

Whether you’ve been with your SO for quite some time, are newly involved, or are still on the hunt for that special someone, one thing’s for certain: making it official-official shouldn’t have to come at a high cost. And fortunately, with the help of retailers like Walmart, Amazon, Macy’s, and more, we’ve discovered there are actually plenty of affordable engagement rings that look incredibly luxe — but actually cost much less.

You have enough on your plate trying to coordinate the perfect engagement and wedding ceremony, so we did a little homework for you and rounded up the 10 best affordable engagement rings that money can buy. All of our selects cost less than $3,000 (yep, you actually read that right) but look just as elegant and timeless as a designer piece. From diamond-encrusted accessories and delicate gold bands to affordable Moissanite engagement rings and pieces with atypical shapes like rounded or pear stones, our curated guide is designed with every couple, style, and budget in mind. Keep reading to shop our top picks, and find your match.

— Additional reporting by Marina Liao, Samantha Sutton, Krista Jones