We bought a second hand bassinette of a close friend for about $40 I think? It was in very good condition.
I was basically like a big open cane basket about the size of a large laundry basket, and that sat on a trolley with wheels.
It sat next to our bed for the first 4m, and then we moved the cot into our room where she stayed for another 2m.
I definitly rate the bass, and would only change moving the next one out of our room a little earlier.
If you can pick up a reliable second hand one, I would go that way.