Olivia Munn Wears $30 Dress on Red Carpet!

Olivia Munn attends Us Weekly's Hot Hollywood 2012 Style Issue Event at Greystone Manor Supperclub on April 18, 2012 in West Hollywood, California. Credit: Steve Granitz/WireImage.com

Most celebs rely on their stylists to score a designer look for a red carpet event, but Olivia Munn opted for a way less luxe option Wednesday night.

The star of HBO's upcoming The Newsroom rocked a curve-hugging black ASOS dress that costs just $30 at the Us Weekly Hot Hollywood bash in Los Angeles, where she joined fellow honorees Kim Kardashian and Julianne Hough.

Munn paired the affordable look with a bright coral Stella & Dot necklace, black open-toe booties and a Linea Pelle clutch.

The actress' low-priced outfit exemplifies her main style objective: "I want to look and feel effortless," she tells Us.

But just because Munn prefers Levi's and a tee ("my go-to outfit," she says), doesn't mean she can't pull off a glamorous high-fashion gown like the stunning gold Calvin Klein Collection number she chose for the 2012 Vanity Fair Oscar Party.