I have never worn a toe ring or anklet. But I find them attractive on my wife and other women. The claim that they may make you look cheap may come from the idea that a married women wearing one on her right ankle can mean she is open to extramarital affairs, better know has “Hotwife” generally the husband is aware of this and gives his blessing . My ex wife started wearing one out of the blue on her right ankle. I eventually found out she was involved with a number of men and not with my permission.
That said I still find them sexy and alluring