My Raleigh rain bike/beater was built up from stuff I found in the garbage (including the frame), some parts I had laying around and a few things picked up on eBay for next to nothing.
Total cost was under $30.
Oh, and this:
Originally Posted by
Spoonrobot
Don't listen to LanEvo. His bike is junk and you can do a lot better by converting another 80s road bike.