You are lucky... there are many good guitars to be had for very little money. What kind of sound are you looking for? The Squier '51 is an awesome guitar for beginner or expert. If you want a tremolo based guitar, I highly recommend the Squier 'Black & Chrome' model. I bought 2 of these as birthday gifts for relatives and they can't put them down! Yamaha also makes killer guitars for very low dough.
There are other good brands around, but Squier & Yamaha are the two I'd look at. Both are big named brands that have companies that offer impeccable service and support.