Deals Episodes

Red Carpet Celebrity Dresses and Jewelry for Less

Think you need a lot of money to get a red carpet look for that special event? Think again! Here's how you can rent designer dresses for way less than the retail price and still look like a million bucks!

When it comes to looking like a celebrity, clothes are probably the biggest expense, but you can save money by renting clothes and accessories.

"Whether you have a wedding a formal gala prom, you can copy someone you like for minimal dollars instead of paying hundreds for a dress you're going to wear one time," said Janean Murphy, stylist with Lia Sophia.

There are several companies that rent dresses for a fraction of the cost. Here are just a few:

Couture House: you can borrow cocktail dresses and evening gowns for a flat fee of $99. For $10-$20 extra you can consult with a stylist, get alterations or add accessories.

Lending Luxury: Features numerous high-end designers at deep discounts. You can buy or rent these dresses.

Girl Meets Dress: This site has some 4,000 dresses and 150 designers to choose from on its website. The clothes are 95 percent off the retail price.

Rent the Runway:

This company provides access to hundreds of designer labels at 90 percent off the retail cost. We rented several to achieve our "Red Carpet" looks.

Most rental companies allow you to keep the dresses for several days, they require no cleaning, free shipping and some even offer a special "as seen on celebs' section so you can really copy the look.

"I really like that door to door service they mail it to you in the bag  comes in two sizes you pick size that fits best for you wear it for the evening and you can send it back," Janean said. We accessorized with the affordable jewelry line Lia Sophia.

"We have people like Jessica Alba, Jordan Sparks, Carrie Underwood, Kelly Osborn, even Katy Perry," Janean said. "We use cubic zirconia, our gold is 14k plated, our silver is rodium out of platinum family and we also have hematite if you get any of our pearl pieces they are fresh water  high quality pieces."

For those big statement pieces the company features the exclusive Red Carpet line.

Here's a breakdown of each look:

Model 1: Black and white geometric vintage inspired dress - "Hex in the City Dress" by Pink Tartan
Retails $425
Rental $70
Lia Sophia Class Act 1.6 ct Earrings - $28
Lia Sophia Surge Ring - $98
Lia Sophia Assemblage Braclet - $98

Model 2: Pink sleeveless dress - "Blush Julia Dress" by Allison Parris
Retails $335
Rental $60
Lia Sophia Red Carpet Collection Macapo Earrings - $175
Lia Sophia Red Carpet Collection Alagoas Ring - $175
Lia Sophia Modelina Braclet - $158

All three pieces of jewelry were worn by Diana Madison at the 2014 SAG awards.

Model 3: "My Little Secret Dress" by Shoshann
Retails $395
Rental $40
Lia Sophia Stanton Earrings - $24
Lia Sophia Replica Necklace - $48
Lia Sophia Bracelets (6 total): Adari (1 silver, 1 hematite) $48 each, Delhi (1 silver, 1 hematite) $38 each, Nightshade (stretch bracelete, 2 worn) $68 each.

The 6 bracelets were worn by Camille Belle to a fashion event in Los Angeles.

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