As we head towards the biggest party of the year, it's time to dust off that favourite LBD or invest in a gorgeous new party dress. Luckily you don't have to spend a fortune and there are some great styles available this year for under £100.

We've sent the elves out to hunt the dress aisles so you can celebrate in style for less this New Year's Eve. Read on our picks of the best party dresses of 2018 to shop online right now…

Lace & Beads Embellished Mini DressLace & BeadsEmbellished Mini Dress£70SHOP NOW

Lace & Beads Embellished Mini Dress

Add some instant sparkle to your evening with this mini dress from London-based Lace & Beads. Featuring a tulle skirt and embellished upper, it's a guaranteed winner for NYE. Just add a pair of silver strappy heels to complete the look.

Missguided Kimono Sleeve DressMissguidedTwist Front Midi Dress£22SHOP NOW

Missguided Kimono Sleeve Dress

This midi-length black dress by Missguided is an easy swap for your LBD if you're heading to a more formal party. We love the kimono sleeves and with the right accessories, the dress will also be perfect for date nights as the New Year kicks in.

AX Paris 2-in-1 Short Party DressAX Paris2-in-1 Dress With Sequin Skirt£42SHOP NOW

AX Paris 2-in-1 Short Party Dress

Currently on sale with over 35% off the RRP, this AX Paris club party dress is a snip for under £50. The sequin skirt is as sparkly as they come, while the black cami top is the perfect match to stop the outfit from being OOT. Complete the look with your favourite pair of stiletto courts or ghillie heels.

River Island Wrap Neck Mini DressRiver IslandWrap Neck Bodycon Dress£28SHOP NOW

River Island Wrap Neck Mini Dress

This wrap neck Bodycon dress by high street favourite River Island is made from jersey fabric, helping you to stay stylish without sacrificing too much on comfort. Layer under a black biker jacket or teddy coat when the temperature drops and accessorize with a leopard print bag.

PrettyLittleThing Velvet Party DressPrettyLittleThingGreen Velvet Dress£20SHOP NOW

PLT Velvet Party Dress

Steal the dance floor this New Year's Eve with this gorgeous emerald velvet dress by PrettyLittleThing. Featuring lace-up detailing to the back, it ticks all the right boxes for a killer party dress and won't hurt your wallet at just £20.

Little Mistress Lace Overlay DressLittle MistressMini Dress£24SHOP NOW

Little Mistress Lace Overlay Dress

Set yourself apart from the crowd with this Little Mistress cocktail dress, complete with beautiful lace detailing to the top and cross-back adjustable straps. It's the perfect dress for chic parties this season and is guaranteed to turn heads for all the right reasons.

Boohoo Metallic Polka Dot Party DressBoohooPolka Dot Dress£22SHOP NOW

Boohoo Metallic Polka Dot Party Dress

Also available in berry red, this Boohoo polka dot dress will add the perfect amount of shimmer to your NYE outfit. Team up with a pair of silver court shoes and add a half moon bag to complete the look as you party into the New Year.

ASOS Mini Dress With Embellished FringeASOS DesignSilver Mini Dress£90SHOP NOW

ASOS Mini Dress With Embellished Fringe

Add some Hollywood glamour to your next night out with this embellished fringe dress from ASOS. The silver detailing is guaranteed to help you make your entrance in style and a patent clutch bag will add the perfect finishing touch.