A new invitation-only site called Rent the Runway lets members rock Badgley Mischka on a Banana Republic budget through an online borrowing system.

Many of us covet designer clothes, but can’t drop a month’s rent on this season’s must-have piece. The solution: rent your clothes too! A new invitation-only site called Rent the Runway lets members rock Badgley Mischka on a Banana Republic budget through an online borrowing system.

The site is designed to fill the needs of women “who want to have fun with fashion but who don’t want to deal with all the anxiety of investing in piece after piece.” Through exclusive relationships with top designers, RTR is able to curate and continually update its stock with the latest pieces. They will deliver the dress right to your door (same-day delivery is available if you live in NYC). To be safe, they will also send you a second, back-up size. When you're done, you just mail the dress back in a pre-paid package.

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