Fashion for Rent
Sure, you might look glamorous for an evening, but more often than not, your party garb never sees the light of day again. Even if you do end up wearing that sequin number more than once, chances are you won't wear it often enough to get back what you paid.
This age-old wardrobe conundrum has inspired a handful of companies to deliver a new solution for the modern woman who wants a shiny new dress to wear for a special occasion, without having to spend a small fortune to do so. The solution: dress rentals. And shoe and handbag and—yes!—even jewelry rentals.
The concept is simple: Rent a dress of your choosing for a few days, wear it, then return it. Pay a small amount extra for insurance (sometimes included in the price) in case you spill some Merlot on your Marni. It's a captivating concept that's been gaining steam in these tough economic times, especially with the ease of ordering online. Here's a roundup of some of the companies leading the way in the fashion-for-rent game.
Rent the Runway (RenttheRunway.com)
As the name suggests, Rent the Runway lets customers rent dresses from top-name designers such as Diane von Furstenberg, Hervé Léger and Proenza Schouler. Rentals run $50 to $200 for a four-night loan and are shipped directly to the customer's doorstep.
Wear Today Gone Tomorrow (WearTodayGoneTomorrow.com)
Borrow a beautiful designer dress for 5 to 10 percent of its retail price (with a minimal cleaning free). As part of its environmental commitment, Wear Today Gone Tomorrow uses an organic dry cleaning process as part of its business model, which it calls "recycling designer clothing."
Girl Meets Dress (GirlMeetsDress.com)
For residents of the UK, this wallet-friendly service allows you to rent dresses from such designers as Marc Jacobs, Tibi and 3.1 Phillip Lim from £31 a day. Try on your dress before an event at no extra cost.
Formerly Bag, Borrow or Steal, this site went mainstream when it was mentioned in the Sex In the City movie and has been renting authentic designer handbags, accessories, sunglasses, watches and jewelry since 2006. With no limit on the amount of time you can rent, you can keep that Louis Vuitton "it" bag as long as you'd like.
The perks and perils of renting
It's affordable. You can rent designer duds for roughly one-tenth of what you'd pay in a retail store. Besides, men have been renting tuxedos (and saving money by doing so) for ages.
It's green. Rather than relegate old frocks to the back of your closet (or worse, a landfill), dresses are cleaned and rented to somebody else.
It lets you dream. Keep up with the latest trends and your changing whims by renting looks you love, then leaving them behind.
The Perils of Renting
Sizing: Designer gowns are notoriously inconsistent when it comes to sizing. Rent the Runway ships dresses in two sizes to try and compensate for this fact. Regardless, many designs aren't even offered beyond a size 8. Ouch.
Label lust: The need to "dress like a celebrity" can get a bit out of hand. When so many people are struggling to afford necessities, renting a dress for its luxe label can seem excessive.
Selection: It remains to be seen whether designer rental companies can keep fashionistas' discerning palettes satiated, especially in an industry where what's "in" today is "out" tomorrow.
Dianna Baros is the editor and founder of TheBudgetBabe.com, a blog about fashion, beauty and style for women on a budget.
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