If you're looking for a happy medium, look no further than this J.Crew Bardot Dress. This item won't break the bank, but definitely deserves a place in your wardrobe. It's also worth looking at this J.Crew Gown. This piece is extremely popular and, just as importantly, not too pricey.
If you're looking at it like an investment piece, look at this J.Crew Shirtdress - a great luxury choice. While you're at it, also have a look at these J.Crew Dress. Yes, this item is expensive, but it does not mean it's not worth it.