If you want to buy new, you can get a Squier Stratocaster (standard series) for about $200, and for the money, it's a good guitar. I'm sure people will argue this, but I have one and I've always been happy with it. Just don't get an Affinity Squier Strat, their build quality is a whole lot cheaper.
If you shop around used, though, the money will go a lot farther.
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