Jennifer Hudson wore an Atelier Versace gown and Neil Lane jewelry to the 2011 Oscars. Natalie Portman wore a Rodarte empire-waist gown with Tiffany earrings and carried a Roger Vivier clutch. Click on the gallery to see what you can wear for from Rent the Runway! Getty Images | Courtesy Photos

The Oscars are over for another year, but the fun is just beginning: Now you can plan your own spring formal looks based on what the stars wore. No worries -- you don't need to spend a lot.

We asked our friends at Rent the Runway what they recommended now that the reviews of the best-dressed are in.

If you don't know Rent the Runway, you should. The site offers clothing, jewelry and accessories from almost 100 designers. You can rent a dress for as low as $40, and the company even throws in a back-up size in case the one you ordered doesn't fit for that black-tie wedding.

Click through the gallery to see the picks based on the best Oscar dresses. We'll tell you right now that we're partial to the Haute Hippie Liberty gown inspired by Gwyneth's look and the Judith Leiber Fortune Cookie Clutch similar to Natalie's handbag.