Originally Posted by
NormanF
The easiest solution is a mini velo like the Mercier Nano. Its a size practical enough to carry up and down a high rise apartment and it doesn't take up much room.
And the best thing is, its right within your budget!
First,they're not that light,second,they need a fair bit of tweaking out of the box. Check out the Nano thread over in the folding forum.
swimmbabe184: as tsl said,light and cheap don't go well together. If you're looking for a light bike at a low price point,you'd do best going used. If you're not knowledgeable enough to find something off Craigslist,there is a
co-op local to you.