My multimeter was the cheapest one available from Dick-Smith. Normally $30 I got it for $20 on special.
So that's about $15-$20 US, I guess.
A cheap one will be better than nothing , but try to avoid anything _really_ cheap (say from a local Chinese shop for $2.50 or something)
Something cheap from RadioShack should be OK, but you might be able to get a good deal for a better meter 2nd hand on eBay or something. Garage sales where people don't know the value of things are always a good place if you get lucky

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