TODAY WE HAVE 1,342

Engagement Rings Under $500

Name: French Pavé Diamond Engagement Ring in Platinum (1/4 ct. tw.)
Brand: Blue Nile
SKU: 501410p
Price: 1790 USD
Availability: InStock

You don't have to have a big ring budget to get an incredible amount of sparkle. Blue Nile offers a wide selection of affordable engagement rings under $500. As you customize your own handcrafted ring, keep costs lower by selecting a white gold setting and a fancy cut diamond. To maximize brilliance, choose cut quality over carat size.

Shop All Engagement Rings Under $500

Affordable Diamond Engagement Rings Under $500

11 of 1,342 Engagement Rings Under $500

Eyes will be fixated on this immaculate platinum diamond engagement ring, showcasing French pavé-set diamonds that complement your choice of center diamond.

French Pavé Diamond Engagement Ring in Platinum (1/4 ct. tw.)

$1,790

(Setting Price)

This 14k white gold, six-prong solitaire is the ultimate classic engagement ring style. Crafted to showcase your choice of diamond, six slim prongs secure and support the center stone. The slender silhouette and polished finish of this solitaire exemplify timeless design, proving simple can be truly stunning.

Classic Six-Prong Solitaire Engagement Ring in 14k White Gold

$600

(Setting Price)

This 18k yellow gold, six-prong solitaire is the ultimate classic engagement ring style. Crafted to showcase your choice of diamond, six slim platinum prongs secure and support the center stone. The slender silhouette and polished finish of this solitaire exemplify timeless design, proving simple can be truly stunning.

Classic Six-Prong Solitaire Engagement Ring in 18k Yellow Gold

$710

(Setting Price)

This 18k white gold, six-prong solitaire is the ultimate classic engagement ring style. Crafted to showcase your choice of diamond, six slim platinum prongs secure and support the center stone. The slender silhouette and polished finish of this solitaire exemplify timeless design, proving simple can be truly stunning.

Classic Six-Prong Solitaire Engagement Ring in 18k White Gold

$710

(Setting Price)

This platinum six-prong solitaire is the ultimate classic engagement ring style. Crafted to showcase your choice of diamond, six slim platinum prongs secure and support the center stone. The slender silhouette and polished finish of this solitaire exemplify timeless design, proving simple can be truly stunning.

Classic Six-Prong Solitaire Engagement Ring in Platinum

$860

(Setting Price)

This royal display of brilliance features your center stone surrounded by a halo of 12 diamonds with an additional 6 diamond side stones running along the shoulders on a band of polished platinum.

Royal Crown Halo Diamond Engagement Ring in Platinum

$3,680

(Setting Price)

Beautifully crafted, this Blue Nile Studio platinum engagement ring features french pavé-set diamonds encompassing the center diamond of your choice.

Blue Nile Studio Petite French Pavé Crown Diamond Engagement Ring in Platinum (1/3 ct. tw.)

$2,420

(Setting Price)

Classic with a twist, this platinum engagement ring features a delicate twist of pavé-set diamonds that will complement the center diamond of your choice.

Petite Twist Diamond Engagement Ring in Platinum (1/10 ct. tw.)

$1,360

(Setting Price)

Two velvety medium dark blue pear-shaped sapphires, set in elegant platinum, draw the eye directly to the center diamond of your choice, making it the star of the show.

Classic Pear Shaped Sapphire Engagement Ring in Platinum

$1,580

(Setting Price)

Ideal for any center diamond of your choice, this platinum engagement ring showcases a diamond accent along the shank and milgrain detailing.

Graduated Milgrain Diamond Engagement Ring in Platinum (1/10 ct. tw.)

$1,260

(Setting Price)

Love shines brilliantly from this engagement ring featuring an elegant center setting that supports princess (prince), emerald-cut, and radiant-cut diamonds. The lustrous platinum design features beautifully tapered and grooved stylings along the band.

Men's Tapered Grooved Solitaire Engagement Ring in Platinum

$1,890

(Setting Price)

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FAQs about Engagement Rings Under $500

How much should I spend on an engagement ring?

There's a traditional saying that you should spend three months' salary on an engagement ring, but that's nothing more than a saying. Because there are so many ways to adjust the price of the ring with your choice of metal, stone size, stone quality, and setting, it's easy to find a beautiful engagement ring on any budget.

What affects engagement ring cost?

There are many factors that go into determining the final cost of an engagement ring, including the material of the setting, the cost of the center stone, and whether additional diamonds are present. The carat, cut, color, and clarity of the stone itself play the biggest roles in the overall cost of an engagement ring.

What is a less expensive alternative to platinum?

Get that same white-shine look for an engagement ring without the price tag of platinum by opting for white gold instead.

How do you budget for an engagement ring?

Copper alloy is added to yellow gold to create rose gold, and it also strengthens the gold, making it a more durable, tarnish-free option than a yellow gold engagement ring. An engagement ring is a lifelong investment, but it needs to fit within your budget. Check out this guide on how to determine your ring budget and the financing options available.