The 27 Best Affordable Cashmere Sweater Dresses Under $500

November 16, 2023

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The cashmere sweater dress is a luxe (and versatile!) cold weather wardrobe closet staple.

Known for being incredibly comfortable, cozy, and classy, cashmere sweater dresses are also often known for their higher price points. That’s why I’ve curated the best affordable cashmere sweater dresses for women under $500. These cashmere sweater dresses are elegant, timeless, and won’t break the bank (without skimping on quality!).

Whether you prefer a classic turtleneck, a sophisticated mock neck, or a chic mini, midi, or maxi length, there’s a cashmere sweater dress that perfectly suits your style and preferences.

27 Best Affordable Cashmere Sweater Dresses Under $500

Jump to…

Quince | Favorite Daughter | Loulou Studio | Naked Cashmere | Autumn Cashmere | Reformation | Neiman Marcus Cashmere Collection | Bloomingdale’s | Equipment | NAADAM | Lisa Yang | Cashmere Care Tools

QUINCE

It’s hard to beat Quince’s prices when it comes to 100% Grade-A Mongolian cashmere.

Quince Mongolian Cashmere Turtleneck Sweater Dress

Quince Mongolian Cashmere Turtleneck Sweater Dress

Quince’s bestselling cashmere turtleneck mini sweater dress is available in a variety of colors for under $100!

One reviewer wrote, “Beautiful sweater dress. I am in love with this dress, it is super soft, cozy and the perfect color! I’m glad I sized up, because it runs a little short.”


Quince Mongolian Cashmere Turtleneck Midi Sweater Dress

Quince Mongolian Cashmere Turtleneck Midi Sweater Dress

If you prefer a midi length, this cashmere turtleneck sweater dress has a side slit for easy movement and fine ribbed detailing on the turtleneck, cuffs, and hem.

One reviewer said, “Gorgeous and oh so soft. Gorgeous dress that fits just right to size, incredibly soft and has now survived many wears without a sign of it!”


Quince Mongolian Cashmere V-Neck Midi Sweater Dress

Quince Mongolian Cashmere V-Neck Midi Sweater Dress

This v-neck midi sweater dress receives rave reviews for its comfort and versatility. This dress is a fall and winter capsule wardrobe staple that is easy to dress up or down.

One reviewer said, “This is the sweater dress I’ve been waiting for!! It’s elegant and beautiful and comfortable, a perfect winter basic. I’m going to pair mine with some beautiful belts to look polished and flattering. I think it runs true to size or slightly large. I couldn’t be happier!”


Quince Mongolian Cashmere Sleeveless Midi Sweater Dress

Quince Mongolian Cashmere Sleeveless Midi Sweater Dress

Quince is having a hard time keeping this chic sleeveless midi dress in stock.

FAVORITE DAUGHTER

Favorite Daughter St. James Dress

Favorite Daughter St. James Dress

This effortlessly chic wool-cashmere blend sweater dress has been quick to sell out. Made from 57% merino wool, 25% cashmere, and 18% nylon, this mini sweater dress has slit sleeves, dropped shoulders, and a relaxed fit. (Note: This style runs large.)

One reviewer called this the “Perfect winter dress. The softest and coziest sweater dress. Love how it’s oversized and the slits at the wrists are a really fun detail. Also somehow the neck droops / sits perfectly without trying to lay it a specific way.”

LOULOU STUDIO

Loulou Studio Altra Turtleneck Long Dress

Loulou Studio Altra Turtleneck Long Dress

Crafted from 70% Merino Wool and 30% Cashmere, Loulou Studio’s Altra dress is a timeless sweater dress silhouette that can be worn year after year.


Loulou Studio Esna Long Dress

Loulou Studio Esna Long Dress

If you like The Row’s aesthetic, this minimalist midweight 100% cashmere dress has a relaxed fit, crew neckline, and wide long sleeves that look sophisticated, not sloppy.

NAKED CASHMERE

With fair-trade working conditions, Naked Cashmere pieces are 100% Grade-A Mongolian cashmere that is cruelty-free, ethically sourced, and sustainable.

Naked Cashmere Cristal Turtleneck Midi Dress

Naked Cashmere Cristal Turtleneck Midi Dress

Crafted from 100% Grade-A Mongolian cashmere, this chic ribbed turtleneck midi dress is simple and sophisticated.

One reviewer said, “Stunning fit, high quality, super soft cashmere, I love this dress and had to get it in both colors.”


Naked Cashmere Gianna Turtleneck Mini Dress

Naked Cashmere Gianna Turtleneck Mini Dress

Naked Cashmere’s stylish Gianna mini dress makes it effortlessly easy to throw on and go.


Naked Cashmere Cecily Turtleneck Sleeveless Dress

Naked Cashmere Cecily Turtleneck Sleeveless Dress

I’ll let this review speak for itself: “I can’t even begin to say what a flattering, and amazing dress this is. I bought this in black, and I don’t think I’ve ever looked better in a LBD. This is a fitted dress, but has enough give to flatter any size body. The cut of the dress is sheer perfection, and the weight of the cashmere will hide a multitude of sins. This is one hot dress, and I can see it dressed up or even with a casual pair of shoes. I have a feeling this will be getting a lot of wear in my rotation, and I may need a second color. Great dress from a great company.”

AUTUMN CASHMERE

Autumn Cashmere Panel Rib Turtleneck Dress

Autumn Cashmere Panel Rib Turtleneck Dress

This beautiful bestselling 100% cashmere dress will receive plenty of compliments.

REFORMATION

All of the following Reformation sweater dresses are made from 90% Recycled Cashmere, 10% Cashmere.

Reformation Edith Cashmere Dress

Reformation Edith Cashmere Dress

This elegant cashmere maxi dress is incredibly figure flattering.


Reformation Galinda Cashmere Dress

Reformation Galinda Cashmere Dress

Beautiful for the holiday season and cocktail parties.


Reformation Basil Cashmere Sleeveless Sweater Dress

Reformation Basil Cashmere Sleeveless Sweater Dress

The Basil midi is a great elevated staple that can be styled for work, brunch, or running around town. This dress can easily be paired with anything from heels to knee high boots to white sneakers.


Reformation Wallis Cashmere Midi Dress

Reformation Wallis Cashmere Midi Dress

This midi mockneck dress with a modest slit will keep you warm.


Reformation Ida Cashmere Sleeveless Sweater Dress

Reformation Ida Cashmere Sleeveless Sweater Dress

A sophisticated sleeveless staple.


Reformation Fernando Cashmere Dress

Reformation Fernando Cashmere Dress

This modest maxi is luxe enough to wear to a winter wedding.


Reformation Bell Cashmere Mini Dress

Reformation Bell Cashmere Mini Dress

If you’re looking for something more casual, this cashmere tee dress pairs perfectly with boots.

NEIMAN MARCUS CASHMERE COLLECTION

Neiman Marcus Cashmere Ribbed Dolman-Sleeve Sweater Dress

Neiman Marcus Cashmere Ribbed Dolman-Sleeve Sweater Dress

With wide ¾ dolman sleeves and a tie belt waist, this relaxed-fit cashmere dress is perfect to stay chic and comfortable at work.

BLOOMINGDALE’S

C by Bloomingdale’s Crewneck Cashmere Midi Dress

C by Bloomingdale's Crewneck Cashmere Midi Dress

This 100% Mongolian cashmere crewneck midi dress is a classic style that every woman should own. With an A-line silhouette designed to hit at mid calf, this dress style is flattering on many body types, while also keeping you cozy.

EQUIPMENT

Equipment Jeannie Long Sleeve Cashmere Sweater Dress

Equipment Jeannie Long Sleeve Cashmere Sweater Dress

Made from 100% cashmere, this midi cashmere sweater dress has a V-neckline, A-line silhouette, and just the right amount of slouch.


Equipment Dree Long Sleeve Wool & Cashmere Rib Midi Sweater Dress

Equipment Dree Long Sleeve Wool & Cashmere Rib Midi Sweater Dress

This form-fitting sweater dress with chic bell cuffs is made from a cozy cashmere-blend (70% wool, 30% cashmere).

NAADAM

These NAADAM dresses are made from 100% Mongolian Cashmere that is not only super soft, but sustainable.

NAADAM Luxe Cashmere Turtleneck Dress

NAADAM Luxe Cashmere Turtleneck Dress

If you’re looking for one capsule wardrobe cashmere dress, NAADAM’s Luxe Cashmere Turtleneck Dress is the best of all worlds: midweight, midi length, and versatile. This elevated and easy to style sweater dress checks all the boxes.


NAADAM Cashmere Off The Shoulder Dress

NAADAM Cashmere Off The Shoulder Dress

This chic, slim-fitting cashmere midi dress has a hidden support band to keep the neckline in place all day.


NAADAM Cashmere Ribbed Cardigan Dress

NAADAM Cashmere Ribbed Cardigan Dress

With a relaxed polo collar and full button front, this slim-fitting ribbed cardigan midi dress is a versatile casual go-to.

One reviewer wrote, “The weight and drape of this dress is beautiful as is the color. The buttons are a nice touch. It’s incredibly soft and has a nice feel – weighty. It also has some stretch, but not too much. Hangs straight down as pictured. Very lovely piece.”


NAADAM Cashmere V-Neck Dress

NAADAM Cashmere V-Neck Dress

This v-neck midi dress has a relaxed yet flattering fit that won’t go out of style.

LISA YANG

Lisa Yang Dolly Dress

Lisa Yang Dolly Dress

Lisa Yang’s Dolly midi dress is a minimalist staple you’ll want to have on hand. Seamless and strapless, this 100% cashmere dress is lightweight and easy to style for day or night.

CASHMERE CARE TOOLS

And if you’re looking for tools to keep your cashmere looking new, here are some great options!

 


Check out more of my latest fashion posts here!

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