If you're looking for the perfect transitional piece of outerwear to take you from summer into fall, look no further than the cape. This style showed up on many of the fall 2011 runways, and the latest versions are really wearable for everyday - toss one over a button-down shirt and relaxed jeans for the weekend (see J. Crew), pair with a school-girl chic striped sweater and frock for work (DKNY) or rock a dramatic cape with black leather leggings and edgy boots for a night out (Rag & Bone).

Feeling inspired? Keep reading for 10 of my (affordable) favorites.