Target and/or Walmart sell a nice "Schwinn" fashioned after the 60s-70s style but with some modern tweaks, like 7 speed Gripshift, v-brakes and 700c wheels. I bought one for my wife on CL for $100 (they are less than $200 new), she really likes it. Perfect bike for neighborhood cruising:
(the detachable basket is removed in this shot)
http://www.target.com/p/schwinn-wome...l/-/A-12309547