5 Essential Party Dresses Under $50

It's finally safe to say that the holiday season is well and truly here. It's also safe to assume you've got an agenda that's getting busier and busier with each passing day. To make life easier and narrow down your chic party apparel choices - of which you know there are just far too many to weed through - we've compiled a list of five essential party dresses. These beauties are all under $50!

While much is made of the famous Little Black Dress (and deservedly so), the holiday season compels us to swivel our heads in another direction - that of the equally stunning Little Red Dress. You'll look a vision of loveliness in this sleek New York & Company Satin Sheath Dress ($39.97).

No one will ever guess that the gorgeous Forever 21 Beaded Asymmetrical Dress ($32.80) barely made a dent in your holiday budget. With its swingy, sheer sleeve and embellished waist, it's simply elegant from top to bottom.

Go for all-out luxury in a gorgeous strapless dress by Jessica Simpson ($38.40). In a sumptuous shade of berry wine, it's the epitome of a perfect evening dress: colorful, bejeweled (with a glitzy broach at the waist) and slightly ruffled.

A sheer panel takes this this navy dress from simple to sexy in an instant. The ASOS Sleeveless Peter Pan Collar Dress ($35.94) benefits from a little chiffon, a pleated bodice and a lightly pleated skirt for a playful take on evening elegance.

The gently puckered fabric on this True Decadence Twist Detail Dress ($32.35) renders it, by far, one of the most unique dresses of the moment. In a sublime champagne-like color, it offers maximum sheen for a special occasion, and also serves as a great backdrop for a serious statement necklace.

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