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Formal Dresses Under $500 Australia – Designer Prom Gowns

Shop formal dresses under $500 in Australia — explore an extensive selection of designer prom gowns, school formal dresses and eveningwear within a $500 budget at One Honey Boutique.

Discover statement formalwear from leading Australian and international designers across corset, fitted, A-line, mermaid and ball gown silhouettes.

From luxe satin and sparkling embellishments to structured corsetry, beading and dramatic silhouettes, find an unforgettable gown while shopping within your budget.

Explore Formal Dresses Under $500

Searching for formal dresses under $500 in Australia? One Honey Boutique brings together prom dresses, school formal gowns and evening dresses currently priced below $500, giving you a dedicated destination for shopping designer formalwear by budget.

Find your look for Year 10 and Year 12 formal, prom, graduation, balls, galas, black-tie events, weddings and special occasions across an evolving selection of colours, fabrics and silhouettes.

A budget of up to $500 opens up an extensive selection across the One Honey designer range, including structured corset gowns, sleek fitted silhouettes, flowing A-lines, mermaid dresses, sparkling styles and statement formalwear.

Shopping within a lower budget? Explore our formal dresses under $400 for styles within the previous price tier.

Want even more designer choice? Continue to our formal dresses under $600 collection for an expanded selection of prom, school formal and evening gowns.

Looking specifically for reduced designer styles? Browse our formal dress sale for discounted prom, school formal and evening dresses across multiple price points.

For our complete formalwear range, explore formal dresses Australia, shop prom dresses or discover our evening dresses.

Prices, sizes and availability can change as new gowns arrive, products sell through or pricing changes. Always check the individual product page for the current price, available sizes and ordering information.

Shopping for your school formal? Australia's Largest Dress Register helps protect the exclusivity of eligible registered One Honey gowns for participating school formals and events.

Proudly Australian owned since 2011 with over 1,000+ 5-star reviews, One Honey Boutique is a trusted destination for designer prom, school formal and occasion wear.

Need help choosing your size, checking availability or planning around your event date? Visit our Help Centre for shopping support.

Shop with flexible payment options including AfterPay & Zip.

Discover formal dresses under $500 at One Honey Boutique — designer prom, school formal and evening gowns for your next unforgettable event.

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AUS SIZE 2 - 24Tina Holly Couture Designer BA155 Tearose French Satin Off Shoulder Gown in Australia | One Honey Boutique
DISCONTINUEDSave 30%Honey Couture LUNA Glitter Overlay Mermaid Lace Up Back Formal Dress in Australia | One Honey Boutique
Honey Couture LUNA Glitter Overlay Mermaid Lace Up Back Formal Dress Sale priceFrom $489.95 AUD Regular price$699.95 AUD
Color
AUS SIZE 2 - 24Tina Holly Couture T18326 White & Nude Lace Midi Cocktail Dress in Australia | One Honey Boutique
Color
DISCONTINUEDSave 30%Honey Couture BROYN Silver Diamante Front Princess Ball Formal Gown Dress in Australia | One Honey Boutique
Honey Couture BROYN Silver Diamante Front Princess Ball Formal Gown Dress Sale priceFrom $489.96 AUD Regular price$699.95 AUD
Color
USA SIZE XS - LHoney Couture Purple MIKI Cut Out Mini Bandage Dress in Australia | One Honey Boutique
Color
USA SIZE XS - LHoney Couture Rose JESSIE Crop Top & Bandage Skirt Set in Australia | One Honey Boutique
USA SIZE XS - LHoney Couture BLOSSUM Blue Multi Tie Evening Gown Dress in Australia | One Honey Boutique
USA SIZE XS - LHoney Couture SETH Apricot Pink Thin Strap Midi Bandage Dress in Australia | One Honey Boutique
Color
USA SIZE XS - LHoney Couture SONIA White Thick Strap w V Midi Bandage Dress in Australia | One Honey Boutique
USA SIZE S - LHoney Couture GWEN Nude Black Crystal Sequin Maxi Formal Gown in Australia | One Honey Boutique
Color
Honey Couture HALO Black & Nude Lace Long Sleeve Dress in Australia | One Honey Boutique
Honey Couture LEIA Lace Up Bandage Bodysuit Top in Australia | One Honey Boutique
Color
USA SIZE XS - LHoney Couture Designer White Strapless Mesh Bandage Dress in Australia | One Honey Boutique
Honey Couture MICHAELA Red Bustier Bandage Dress in Australia | One Honey Boutique
Color
Honey Couture KRISTY White Halterneck Mesh Bandage Midi Dress in Australia | One Honey Boutique
Honey Couture OLIVIA Baby Pink Off Shoulder Bandage Midi Dress in Australia | One Honey Boutique
USA SIZE XS - LHoney Couture OLIVIA White Off Shoulder Bandage Midi Dress in Australia | One Honey Boutique
USA SIZE XS - LHoney Couture ROYA Taupe Silver Cut Out Bandage Maxi Dress in Australia | One Honey Boutique
Honey Couture SAVANNAH Baby Pink Off Shoulder Bandage Dress in Australia | One Honey Boutique
USA SIZE XS - LHoney Couture CARLA Designer Black Cut Out Bandage Dress in Australia | One Honey Boutique
USA SIZE XS - LHoney Couture MICHELLE White Lace & Crochet Bustier Bodycon Dress in Australia | One Honey Boutique
Honey Couture KENDRA White Deep V Bandage Dress in Australia | One Honey Boutique
Color
USA SIZE XS - LHoney Couture MADISON Black & White 2 Piece Bandage Set in Australia | One Honey Boutique
Color
ONLINE EXCLUSIVEUSA SIZE XS - LHoney Couture ESTELLE Black Strapless Mini Length Bandage Dress in Australia | One Honey Boutique
USA SIZE XS - LHoney Couture ESTELLE Yellow Strapless Bandage Dress in Australia | One Honey Boutique
Color
DISCONTINUEDSave 35%Naven Bombshell Dress w Shirring in Hot Pink Fuschia in Australia | One Honey Boutique
Naven Bombshell Strapless Shirred Mini Dress in Hot Pink Fuchsia Sale price$180.00 AUD Regular price$279.00 AUD
Color

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Formal Dresses Under $500 Australia

NEED HELP CHOOSING YOUR DRESS?

Need help with sizing, delivery, ordering or planning for your event? Visit our Help Centre to shop with confidence — explore sizing & fit advice, ordering guides, Dress Registration, Virtual Try-On, customer resources & more.