06/26/2012 07:55 EDT | Updated 08/26/2012 05:12 EDT

Look Sharp in These Affordable Studded Loafers

This studded smoking shoe has been spotted strolling through the streets of Manhattan, strutting down runways, and kicking it on the pages of fashion magazines. Luxury labels like Christian Louboutin and Jimmy Choo both offer exquisite (but expensive) versions of the studly shoes, which have been sported by Rihanna, Kristen Stewart, and Lourdes Leon.

But if you don't have the cash for a pair of designer kicks, that doesn't mean you can't rock this dapper trend. More affordable brands are releasing their own versions of the flashy slipper, which will keep your feet cozy and your wallet full.

Studded loafers are surprisingly versatile; try pairing them with shorts, a maxi skirt, cropped jeans, or cuffed pants, and create a look that would make Hugh Hefner jealous.