Skip to content

Visit Australia’s Leading Prom & Formal Dress Boutique

BOOK NOW

Cart

Your cart is empty

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.

🔥 TikTok Viral Dresses

🇦🇺 Proudly Australian Owned Since 2011

🏆 Over 1000+ 5-Star Google Reviews

💎 Registered Dress Guarantee With Every Purchase

🚚 Fast Express Delivery Available Australia-Wide

Sort by

506 products

Filters

VISIT OUR GOLD COAST STORE TO TRY ONUSA SIZE 4 - 18IRINA Neck Sash Tie Chiffon Bridesmaid Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 2 - 16TERRI Off Shoulder Stretch Satin Bridesmaid Prom & Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 2 - 16ZORA Halterneck Stretch Satin Mermaid Prom & Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 2 - 16IVA Strapless Stretch Satin Prom & Formal Dress in Australia | One Honey Boutique
Color
IN STOCKDISCONTINUEDSALESave 30%JADE Silky Satin Corset Leg Split Formal Dress in Australia | One Honey Boutique
JADE Silky Satin Corset Leg Split Formal Dress Sale priceFrom $405.95 AUD Regular price$579.95 AUD
Color
DISCONTINUEDUSA XS-LSave 77%Honey Couture JALI Lace Back Silky Bum Ruching Formal Dress in Australia | One Honey Boutique
Honey Couture JALI Lace Back Silky Bum Ruching Formal Dress Sale priceFrom $99.00 AUD Regular price$429.95 AUD
Color
USA SIZE XS - 2XLDISCONTINUEDHUNTAR Silky Ruched Front Cross Over Bust Bridesmaid Formal Dress in Australia | One Honey Boutique
Color
DISCONTINUED FINAL SIZES AVAILABLEUSA SIZE 4 - 20SASHA Ruched Bust, Silky Satin Corset Bustier Leg Split Formal Dress in Australia | One Honey Boutique
Color
AUS SIZE 6 - 16DISCONTINUED FINAL SIZES AVAILABLEHoney Couture CANDICE Silky Low Back Mermaid Formal Dress in Australia | One Honey Boutique
Color
VISIT OUR GOLD COAST STORE TO TRY ONDISCONTINUED LAST SIZES AVAILABLEAUS SIZE 6 - 16Sold outSave 83%Honey Couture MOULIN Sequin Corset Formal Dress in Australia | One Honey Boutique
Honey Couture MOULIN Sequin Corset Formal Dress Sale priceFrom $99.00 AUD Regular price$569.95 AUD
Color
VISIT OUR GOLD COAST STORE TO TRY ONDISCONTINUED LAST SIZES AVAILABLEUSA SIZE S - LSave 60%Honey Couture VANESSA Bodycon Side Split Midi Semi Formal Dress in Australia | One Honey Boutique
VANESSA Bodycon Side Split Midi Semi Formal Dress Sale priceFrom $99.00 AUD Regular price$249.95 AUD
Color
IN STOCKDISCONTINUEDSALESave 30%COCO Sash Front Low Back Bum Scrunch Mermaid Formal Gown in Australia | One Honey Boutique
COCO Sash Front Low Back Bum Scrunch Mermaid Formal Gown Sale priceFrom $440.95 AUD Regular price$629.95 AUD
Color
VISIT OUR GOLD COAST STORE TO TRY ONDISCONTINUED FINAL SIZES AVAILABLEUSA SIZE XS - 3XLSave 78%Honey Couture MILEE Low Back Mermaid Evening Gown Dress with Leg Split in Australia | One Honey Boutique
Honey Couture MILEE Low Back Mermaid Evening Gown Dress with Leg Split Sale priceFrom $99.00 AUD Regular price$449.95 AUD
Color
VISIT OUR GOLD COAST STORE TO TRY ONDISCONTINUED FINAL SIZES AVAILABLEUSA SIZE XS - 3XLSave 30%Honey Couture MILEE Low Back Mermaid Evening Gown Dress in Australia | One Honey Boutique
Honey Couture MILEE Low Back Mermaid Evening Gown Dress Sale priceFrom $99.00 AUD Regular price$449.95 AUD
Color
IN STOCKDISCONTINUEDSALESave 30%CELESTE Diamante Strap Sequin Lace Up Formal Dress in Australia | One Honey Boutique
CELESTE Diamante Strap Sequin Lace Up Formal Dress Sale priceFrom $440.95 AUD Regular price$629.95 AUD
Color
USA SIZE 2 - 20ELEANOR Satin Strapless Pointed Bust Strapless Silky Mermaid Formal Dress in Australia | One Honey Boutique
Color
IN STOCKDISCONTINUEDSALESave 30%NADINE Rose Gold Glitter Corset Mermaid Formal Gown Dress in Australia | One Honey Boutique
NADINE Rose Gold Glitter Corset Mermaid Formal Gown Dress Sale priceFrom $487.95 AUD Regular price$695.95 AUD
Color
IN STOCKDISCONTINUED FINAL SIZES AVAILABLESALESave 30%ISABELLA Sequin Glitter Trumpet Mermaid Formal Gown Dress in Australia | One Honey Boutique
ISABELLA Sequin Glitter Trumpet Mermaid Formal Gown Dress Sale priceFrom $489.95 AUD Regular price$699.95 AUD
Color
(1)
AUS SIZE XS - XXLVISIT OUR GOLD COAST STORE TO TRY ONSold outRunaway The Label MARGOT Bridesmaids Semi Formal Maxi Dress in Australia | One Honey Boutique
Color
AUS SIZE XS - XXLVISIT OUR GOLD COAST STORE TO TRY ONSold outRunaway The Label DELILAH Bridesmaids Semi Formal Maxi Dress in Australia | One Honey Boutique
Color
DISCONTINUED LAST SIZES AVAILABLEUSA SIZE XXS - 3XLSave 20%SHARYN Strapless Silky Corset Bustier Strapless Mermaid Formal Dress in Australia | One Honey Boutique
SHARYN Strapless Silky Corset Bustier Strapless Mermaid Formal Dress Sale priceFrom $455.96 AUD Regular price$569.95 AUD
Color
IN STOCKDISCONTINUED FINAL SIZES AVAILABLESALEOn saleFUTURA Strapless Satin Corset Bustier Formal Dress in Australia | One Honey Boutique
FUTURA Strapless Satin Corset Bustier Formal Dress Sale priceFrom $417.95 AUD Regular price$595.95 AUD
Color
DISCONTINUED FINAL SIZES AVAILABLEUSA 4-16Save 20%Honey Couture QUINN Satin Corset Mermaid Lace Up School Formal Dress in Australia | One Honey Boutique
Honey Couture QUINN Satin Corset Mermaid Lace Up School Formal Dress Sale priceFrom $455.95 AUD Regular price$569.95 AUD
Color
VIRAL ON TIKTOK 5.5MILLION VIEWSIN STOCKDISCONTINUED FINAL SIZES AVAILABLESALESold outOn saleHoney Couture MYORA Embellished Bustier Satin Mermaid Formal Dress in Australia | One Honey Boutique
Honey Couture MYORA Embellished Bustier Satin Mermaid Formal Dress Sale priceFrom $99.00 AUD Regular price$599.95 AUD
Color
VISIT OUR GOLD COAST STORE TO TRY ONDISCONTINUEDSave 20%DOJA Satin Diamanté Detail Corset Bustier Formal Dress in Australia | One Honey Boutique
DOJA Satin Diamanté Detail Corset Bustier Formal Dress Sale priceFrom $439.95 AUD Regular price$549.95 AUD
Color
IN STOCKDISCONTINUED FINAL SIZES AVAILABLESALESave 30%MALIA Diamante Embellished Stretch Glitter Corset Mermaid Formal Dress in Australia | One Honey Boutique
MALIA Diamante Embellished Stretch Glitter Corset Mermaid Formal Dress Sale priceFrom $468.97 AUD Regular price$669.95 AUD
Color
VISIT OUR GOLD COAST STORE TO TRY ONUSA SIZE 2 - 16Save 20%RAFAELLA Crystal Diamante Bustier Corset Lace Up Back Silky Mermaid Formal Dress in Australia | One Honey Boutique
Color
USA SIZE XS - 3XLEMRA Silky Mesh Wrap Feature Corset Back Mermaid Formal Dress in Australia | One Honey Boutique
Color
USA SIZE XS - 3XLSHANIEKA Applique Lace Corset Strapless Silky Mermaid Formal Dress in Australia | One Honey Boutique
Color
USA SIZE XS - 3XLELYSIAN Strapless Applique Lace Up Corset Trumpet Mermaid Formal Dress in Australia | One Honey Boutique
Color
DISCONTINUEDLAST SIZEOn saleMARIAH Diamanté Butterfly Cut Out Mermaid Formal Dress in Australia | One Honey Boutique
MARIAH Diamanté Butterfly Cut Out Mermaid Formal Dress Sale priceFrom $439.95 AUD Regular price$549.95 AUD
Color
DISCONTINUEDUSA 4-16Save 30%ELVIE Deep V Beaded Bustier Boned Waist Prom & Formal Dress in Australia | One Honey Boutique
ELVIE Deep V Beaded Bustier Boned Waist Prom & Formal Dress Sale priceFrom $475.95 AUD Regular price$679.95 AUD
Color
VISIT OUR GOLD COAST STORE TO TRY ONUSA SIZE XS - 3XLSave 0%XENA Silky Tie Up A - Line Formal Bridesmaid & Formal Dress in Australia | One Honey Boutique
XENA Silky Tie Up A-Line Formal Bridesmaid & Formal Dress Sale priceFrom $199.98 AUD Regular price$399.95 AUD
Color
VISIT IN OUR GOLD COAST SHOWROOMDISCONTINUEDUSA 2-16On saleAZURA Strapless Sheer Corset Silky Mermaid Formal Gown Dress in Australia | One Honey Boutique
AZURA Strapless Sheer Corset Silky Mermaid Formal Gown Dress Sale priceFrom $461.95 AUD Regular price$659.95 AUD
Color
VISIT OUR GOLD COAST STORE TO TRY ONUSA SIZE XS - LDISCONTINUEDSKY Glitter Bum Scrunch Low Back Mermaid Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 2 - 16ALLERA Strapless Boned Corset Lace Up Back Prom & Formal Dress in Australia | One Honey Boutique
Color
ONLINE EXCLUSIVEUSA SIZE 4 - 16SIMONA Ruched Waist Leg Split Silky Bridesmaid Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 2 - 14ADLEY Fitted Glitter Sheer Train Mermaid Prom & Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 2 - 16SHIVA Strapless Satin Fitting Corset Lace Up Prom & Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 2 - 16MAYLAH Black Bustier Fit & Flare Mermaid Prom & Formal Dress in Australia | One Honey Boutique
Color
VISIT OUR GOLD COAST STORE TO TRY ONUSA SIZE 2 - 18AAILYAH Strapless Satin Bustier Corset Prom & Formal Dress in Australia | One Honey Boutique
Color
USA SIZE XXS - 2XLVISIT OUR GOLD COAST STORE TO TRY ONAKIA Satin Halter Neck Corset Waist Leg Split Mermaid Prom & Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 2 - 14KORSA Halter Neck Sequin Keyhole Bodice Prom & Formal Dress in Australia | One Honey Boutique
Color
USA SIZE 4 - 24WILLOWMENA Emerald Green Keyhole Silky A Line Bridesmaid Formal Dress in Australia | One Honey Boutique
DISCONTINUEDUSA 2-12On saleHoney Couture MAYA Red Glitter Mermaid Formal Gown Dress in Australia | One Honey Boutique
Honey Couture MAYA Red Glitter Mermaid Formal Gown Dress Sale priceFrom $455.95 AUD Regular price$759.95 AUD
Color
IN STOCKDISCONTINUEDSALESave 8%Honey Couture JAYLA Fuchsia Hot Pink Lace Up Back Mermaid Formal Gown (RED TAG FINAL SALE) in Australia | One Honey Boutique
Color
IN STOCKDISCONTINUEDSALESave 9%Honey Couture KAT Baby Blue Satin Beaded Detail Corset Bustier Formal Dress (RED TAG FINAL SALE) in Australia | One Honey Boutique
Color
IN STOCKDISCONTINUEDSALESave 11%Honey Couture MILEE Copper Low Back Mermaid Formal Dress (RED TAG FINAL SALE) in Australia | One Honey Boutique
Color

Need help?

Frequently Asked Questions

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.