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There are many companies that carry inexpensive models of treadmills. If you say that $200 and under is inexpensive, there are several brands and models available to you. 'Phoenix' and 'Stamina' has several models around $120-$150. Similarly, 'Weslo' also has models for around $160.
The most cost effective treadmills are the manual treadmills such as Cory everson manual treadmill. It does not require to be plugged in nor does it use any electricity. It will not cause a rise in your utility bills, you are able to go at your own pace without accidental falls because of too fast of a pace.
The best treadmills to consider really rely on what you are looking for. Are you looking for space saving, cost, or overall best value? Examples are as follows: best value-Sole or Yoluza, cheapest-Horizon or Proform. If you are looking for best space saver I would recommend Landice or Precor
There is a large variety of names and prices in treadmills. Proform and Reebok are just two. Before you buy, I recommend researching the specific model you are looking at. You can often get a better quality machine if it has fewer options.
According to most consumers, popular treadmill models include the Bowflex series, Trimline, Weslo, Merit and Horizon Fitness. It is best to test out treadmills before purchase as there may be different features for your use.
Treadmills of all prices can be found on various sports equipment websites, and also if you Google the word treadmill you will also be shown many more sites.
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