It really depends on how cheap you actually want to go. If you think you are not up to pressing your own diode into an axis module go to DTR's site (mentioned above) and choose something that suits you, along with a driver that will fit in the module.
If you wanted to go as cheap as possible you can pull apart a DVD burner and extract the diode. Or you can buy
this diode and press it into
this module. You can then purchase
this driver from FT (remove one of the AMC chips to provide 350ma). With these three items you have a working ~200mw laser for $13 (all you will then need is a 3.7v power source).
If you are not planning on buying a host or heatsink then you will be limited to a ~30 sec run time before heat starts to become an issue.
Considering everything that has been said we cannot decide what you want to buy for you. You need to browse around the forums as well as the above links to come to a conclusion that will best suite your budget and your needs.