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The enV Touch is a pretty cool smartphone that runs on the low end of the cost spectrum. It's only $149.99 with a contract if you buy online, and for that price you get a 3.2 megapixel camera, dual 3 inch displays, a QWERTY keyboard, and MicroSDHC support. I'm a huge fan of the Touch's design, the dual monitor system is a truly awesome innovation from LG, and I'd like to see it catch on elsewhere.
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Next we've got the Glance, which is a low-cost bare bones little mobile. It doesn't have much to brag about; a 1.3 megapixel camera, Bluetooth and VZ Navigator are about it. The price is low though, just $49.99 if you order online. It'd make a good kid's-first-mobile (it comes with a Chaperone program installed), while the Touch is definitely the kind of phone meant for Daddy (or Mommy).