15 Stunning Engagement Rings Under $500

You might be ready to pop the question, but are you financially ready to purchase an engagement ring?

The average cost of an engagement ring is $6,163, according to The Knot's 2016 Real Weddings study. However, you don't need to spend thousands on a ring to give your bride-to-be something she'll love.

Click through to find the perfect engagement ring that will help you put on the perfect proposal.

Miadora Simulated Emerald and Created White Sapphire 3-Stone Engagement Ring

Price: $44.99
Where to buy: Overstock.com

A colorful engagement ring is a fun alternative for bolder brides not wanting the classic diamond ring. This three-stone sterling silver ring sports an oval simulated emerald stone in the center with a round-cut created white sapphire stone on either side.

Sterling Silver Cubic Zirconia Halo Engagement Ring

Price: $100
Where to buy: Kohl's

A double halo surrounds a large cubic zirconia center stone on this sterling silver ring. The band features an infinity shape on either side -- a symbol of eternal love.

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Miadora Sterling Silver 1/6-Carat Diamond Teardrop Halo Ring

Price: $140.67
Where to buy: Overstock.com

This teardrop halo ring sports 43 individual round diamonds on the center cluster, halo and band, giving it plenty of sparkle.

Miadora Sterling Silver White Topaz and 1/10-Carat Diamond Engagement Ring

Price: $140.67
Where to buy: Overstock.com

This marquise-cut white topaz stone is flanked by two heart-shaped white topaz stones on this beautiful ring. The sterling silver pave band holds seven diamonds on each side for even more bling.

Gemstone Sterling Silver Three-Stone Ring

Price: $131.25
Where to buy: Kohl's

This colorful ring features an octagon-shaped genuine Rose de France center stone surrounded by oval-cut genuine amethyst stones set in a pink rhodium-plated sterling silver ring. For even more sparkle, lab-created white sapphire accents surround the center stones and adorn the band.

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Miadora Rose-Plated Sterling Silver Oval-Cut Morganite and Diamond Accent Engagement Ring

Price: $170.54
Where to buy: Overstock.com

Any woman who loves pink will adore this ring. A 1-carat oval-cut pink morganite stone is surrounded by 14 round-cut white diamonds on the sides and band. A rose-plated sterling silver setting makes the ring extra feminine.

Miadora Sterling Silver 1/4-Carat Diamond Bypass-Style Engagement Ring

Price: $214.62
Where to buy: Overstock.com

A 1/10-carat round diamond sits at the center of this marquise-cut halo engagement ring. The ring features a total of 41 individual round diamonds on a sterling silver setting.

14-Karat White Gold 1 3/8-Carat Heart-Cut Cubic Zirconia Engagement Ring

Price: $264.14
Where to buy: Overstock.com

This romantic ring holds a heart-cut cubic zirconia at the center, surrounded by a round-cut cubic zirconia halo. The white-gold split-shank band also sports additional round-cut stones.

Miadora 10-Karat White Gold Cushion-Cut Created White Sapphire and 1/10-Carat Diamond Double Square Halo Ring

Price: Starts at $304.72
Where to buy: Overstock.com

A cushion-cut created white sapphire stone is surrounded by a diamond double halo on this sparkly engagement ring. A pave white gold band holds even more diamonds for an extra-luxe look.

Miadora 14-Karat White Gold Oval-Cut White Topaz and Diamond Accent Halo Engagement Ring

Price: Starts at $334.47
Where to buy: Overstock.com

A white topaz oval stone is surrounded by a white topaz halo on this stunning ring. Five diamonds on either side of the center stone give the white gold band even more sparkle.

Miadora 10-Karat White Gold 1/3-Carat Baguette Diamond Halo Engagement Ring

Price: $449.22
Where to buy: Overstock.com

Two baguette-cut diamonds make up the centerpiece of this white gold engagement ring. The center stones are surrounded by a diamond halo and flanked by a baguette-cut diamond on either side. The ring also has 28 smaller round diamonds on the halo and band that help showcase the larger baguette stones.

10-Karat Gold Cubic Zirconia Solitaire Engagement Ring

Price: $425
Where to buy: Kohl's

A 1-carat princess-cut cubic zirconia is the focal point of this classic engagement ring. The 10-karat gold band is available in yellow and white gold.

Blue Topaz and Diamond 14-Karat Rose Gold Ring

Price: $449.99
Where to buy: Costco

A cushion-cut blue topaz center stone contrasts with the rose gold setting in this one-of-a-kind ring, which also features 26 VS2-clarity diamonds. The ring is especially perfect for December-born brides-to-be, as blue topaz is the December birthstone.

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Oval Lab Created Emerald and Diamond 14-Karat White Gold Ring

Price: $489.99
Where to buy: Costco

An oval emerald is the focal point of this statement-making ring, which also features three diamonds on either side of the emerald in a white gold setting.

Round Brilliant Diamond 14-Karat White Gold Solitaire Ring

Price: $499.99
Where to buy: Costco

A 0.22-carat, VS2-clarity round diamond sits at the center of this white gold ring, which has a simple yet unique and modern setting.

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For the most up-to-date information on prices and availability, please contact the retailer.

About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert. 

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