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The very cheapest is a Peavey Zodiac which I got used for $75 and you can't tell from my '69 Pbass in a blindfold test.
Next best is a used Ibanez SRX3EXQM1 if got for $199. It's the most versatile bass I have and is what I take to gigs when I don't know what I'll need. It can cover most anything.