I think $50 is ok in the sense you could probably get that or near it if you did not like it.
2000 Montague CX, I do not recommend it, but still ride it.
Strida 3, I recommend it for rides < 10mi wo steep hills.
2006 Rowbike 720 Sport, I recommend it as an exercise bike.
1996 Birdy, Recommend.
Wieleder CARiBIKE (folding), decent frame.