I haven't used this one, but it seems like a fairly capable and inexpensive multimeter:
http://www.amazon.com/dp/B000FLZDPG/?tag=cpf0b6-20 And here's an auto range one:
http://www.amazon.com/dp/B000JQ4O2U/?tag=cpf0b6-20
Reviews for these are generally pretty good, and they seem more popular than some of the other MMs on Amazon. Reliability may or may not be an issue. Good price though.
If you want to go even cheaper than that, you can always pick one up at your local hardware store. Bit of a gamble, but most should work reasonable well for general use. Safety could be an issue with these, so avoid taking measurements from high power sources.
Bottom line, make sure it measures what you want it to accurately enough (doesn't necessarily need to be the "best"). Or, what's the point in getting it?
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Of course, for my needs (mostly cell testing with this MM), I like the Sperry one I linked to earlier.
It has nice 1.5V (2V) and 9V (20V) battery test functions that measure voltage under a load to better determine a cell's/battery's proportional state of charged capacity. I can also compare their regular 2V and 20V DC voltage measured values with the loaded values to get an estimate of their relative internal resistance and condition. The 1mV resolution on the 1.5V (2V) battery test, and 2V DC really comes in handy here for testing my AA and AAA cells.
Also, it seems accurate, reliable, and solid enough to take a fair amount of abuse in stride.
The only real drawbacks it seems to have are that you have to take it apart to install the battery and to get at the fuses, and that it doesn't have some of the functions other MMs in this price range can have. (I think I payed a little less than $40 USD for mine.)
But again, it really just depends what you're looking for.
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By the way, great video link there, "Mr Happy." Well worth a watch just for the laughs. Even my wife found it mildly entertaining. :thumbsup: