For those of us who love handbags, the search for the perfect IT bag is an ongoing process. Styles and tastes change every year, and most disturbingly, every season. Keeping up with the IT bag fury can cost thousands of dollars! Thankfully, there are some IT bags which are also considered classic “must-have’s” for every fashion girl’s closet, that are under $1000. One is even under $500! Whaaaaaaat?? Here they are!

Pictured from top left: 1) Mansur Gavriel bucket bag / 2) Rebecca Minkoff mini MAC convertible shoulder bag-clutch. Under $200! / 3) Philip Lim Pashli large size / 3) Philip Lim Pashli mini which is under $700 / 4) Tory Burch Robinson current version / 5) Mansur Gavriel Lady Bag

Mansur Gavriel has mastered the IT bag market with high quality handbags that offer clean lines, and classic styling. It is no wonder the drawstring bucket, which put Mansur Gavriel on the map, is ranked #1 on the list of the top five IT bags under $1000. Thier more recent design, the Lady Bag, has proven to be just as desirable as the bucket bag over the past couple of years, elevating it to the list at #5.

Coming in at #2 on the list is the classic Rebecca Minkoff mini MAC bag. This cute little handbag has been around for what seems like forever! It comes in new colors every season. If you want longevity, pick it up in black. It offers the best IT bag value at a price point under $200. Plus, the mini MAC converts from a clutch to a shoulder bag. Love that!

The third moderately priced IT bag on the list is the Philip Lim Pashli. This bag was on the IT bag throne a few years ago, but it has moved into classic IT bag status by continuing to be highly sought-after by handbag fans everywhere. Philip Lim puts out new colors every season, but for longevity, look for black or beige. This bag is also hot in the mini version and large version; hence the reason both sizes are featured on the collage above. Pick your size, and you are hotter than hot!

The forth hot IT bag is the Tory Burch Robinson satchel. This bag reinvents itself every season in new colors, textures, and fabrications. This season’s version is a beautiful woven, black and white design. It is a classic color combo and texture; perfect for resort, spring, and summer, why not grab it for under $1000!!

While many of us feel the pressure to purchase a shiny new IT bag for $3000, we don’t have to! These five bags prove we can carry an IT bag for less than a mortgage payment.

I own the Mansur Gavriel bucket bag and Lady Bag. They are both high quality, and extremely functional; which adds to their allure in the marketplace. I also own a Rebecca Minkoff mini MAC which my teenage daughter stole from my closet and refuses to give back. (It’s coming out of her allowance!) It too is high quality, and easy to use. I highly recommend these bags!

A few of the top 5 IT bags under $1000 around the web:

What is your favorite IT bag under $1000?