But, you could look into a cheap bassinette?
....i totally agree. Have a look on ebay - there are some steals on there. We bought a lovely wooden cradle (no brand name or anything) on ebay about 12 months ago for our DD#3. It cost $50. All i had to do was buy a matress - $40. I re-sold the cradle a few months ago for $55 !!!!!
Its worth a look i reckon........