ZeppFan, if you buy a really cheap sub, it will just muddy up your sound, you might as well not have one. If you cannot afford something better now, wait and save up for awhile. The 400 to 500 hundred range is where you typically get better subs, but they will not go really low. I would recommend looking for used, check Craigslist not Ebay, as shipping can add to your cost. You could find a decent older sub for a couple hundred.
A good rule of thumb in audio is to buy quality, and upgrade you system one part at a time, then in a few years you have a decent system that you will be happy with. Most audio equipment will last you many years, so that bit extra you spend on the better equipment will be worth it. Used is your best option to save money, as the good $700 sub from 5 years ago, you might be able to grab for $200.
Good luck.