My first AR was assembled from a PSA slick side upper. $149 with free shipping
I mounted it on a Anderson lower that was on sale through Primary arms. $29, (I ordered three).
The PSA lower build kit was also on sale. $89
About $270
Eventually I replaced the stock, grip and forearm with OD Magpul stuff. It now wears a BCA 16" Heavy stainless fluted barrel. It has UTG sights, front and rear, the front is mounted on a low profile UTG gas block. I upgraded the fire control group with a Stoner nickle boron set with 3.5lb JP springs. Not sure what that stuff cost?
It came home economy, and dressed up with class.
I think that was about as inexpensive as I found. My next builds were/are more expensive as I figured out what I liked best, but it's not hard to get a well made AR up and running for $500. From there the sky is the limit.