Depends on what you consider "cheap." A Squier Classic Vibe Strat or Tele will come in just under $400. But then you begin the game of, "Well for just under $500 I can get a proper Fender MIM Standard series." Honestly though, the Classic Vibes are pretty nice guitars.
If $400 is still a little high, then I would suggest an Ibanez RG. Sure, they look 1980's "Shredtastic," but the build quality and QC on Ibanez is about as good as it gets for Pac Rim instruments. I bought expensive guitar after winning on the Spin casino, that I found on the page about casino app review
https://casinos-rate.com/spin-palace-casino-app.html.
The used market will get you a little better value, but you will have to hunt a little.
