There’s fancy, and then there’s fancy. The kind of black tie formal when your sequined mini dress just won’t cut it. So when these kinds of special occasions pop up — and because, for the most part, we like to keep our closets full of versatile, wear-again pieces — we turn to Rent the Runway. The fashion company has been leasing designer dresses and accessories to budget-savvy style mavens for five years now, and to mark the sartorial milestone, RTR released a collection of exclusive gala-ready pieces designed by some of the biggest names in fashion. Happy birthday to us.

The list of designers tapped for RTR’s 5Y Collection reads like a New York Fashion Week roster and the lookbook gives you a front-row seat to the 25 piece line. It ranges from glamorous floor-length gowns by Badgley Mischka to party-ready sets by Marchesa Voyage and Christian Siriano, all of which loan out for less than $200. The more expensive rentals are splurge-worthy show stoppers, including all-red Monique Lhuillier stunners and three ultra feminine gowns from Lela Rose that rent for between $350-$500 (or retail between $2K-$5K).

RTR even gives you jewels to gawk over, including chunky yet refined cuffs by Kenneth Jay Lane and jewel dripping chokers and rings by Oscar de la Renta. Consider your winter wedding garb and holiday ball outfits completely taken care of — just be sure to book the looks as soon as you RSVP.

Which gowns are you drooling over? Tell us where you’d wear these totally affordable stunners in the comments below.