If you're into it, and some people aren't, a good sporterized mauser or 1903 can be a great rifle. I put up a couple pics of my rebuilt VZ-24 (CZ contract 98 Mauser) in the thread I just posted and I am in love with the rifle. Bought it for $300. I used it this deer season and it performed perfectly. With me shooting (and I'm an amateur so it's likely more accurate) it shot about 1.5-2 MOA at 100 yards with Remington Core-Lokt SP's. The stock is beat up and the bluing is worn but it's a great workhorse and fixing it up will be a fun project.
Personally I don't like the newer budget rifles. Between the plastic stock and simple actions they just feel cheap to me. Buying an old mauser is a bit of a gamble because you don't know what its been through but if you appreciate the character and history of an older rifle they can't be beat in my opinion. They're readily available on gunbroker or at pawn shops, can be found in a lot of calibers, and with a little searching great deals can be found.