Other sites offer a variety of membership levels with the rental prices included in the fixed-rate fee.

A fixed monthly rate for jewelry rentals can range from $25 a month for casual items to $175 a month for couture pieces.

The price rate you select usually dictates how many pieces you can borrow at one time, how many rentals you are entitled to per month, and what quality of jewelry items you can access.

It’s also important to note that some sites charge late fees, while others let you keep items as long as you’d like. In addition, some include shipping both ways in their membership fee, while others tack on another $10 for each round-trip shipment.

If you are looking for a great item for a special event but don’t plan to use a rental service on a regular basis, be sure to check out the company’s policy before you join. Some companies require a minimum three-month commitment. Others allow guests to rent jewelry without joining the site. In this case, you can expect to pay more for the actual rental charge, but at least you won’t have an ongoing monthly expense, so for a one-time, short-term lease, you may come out ahead in the end.

Finally, when you rent jewelry, you run the risk that the item could be lost or damaged beyond repair and you will be held liable for the value. That being said, most companies have a liberal policy and won’t charge you for regular wear and tear, only significant amounts of damage that indicate that you were careless.

Is It Really Worth It?

Whether renting jewelry truly makes sense really depends on the person. For some women who constantly need to have new items, this is a great way to exercise their inner fashion diva without having to go broke in the process. But keep in mind that if you are going after the high-end (i.e., more costly) items, what you will to pay to rent the piece for a month or two might end up being more than you would invest in a quality item that could be yours to keep.