We bought a cradle and a cot (and a breadmaker and jaffle maker) from the local recycling centre for $45 all together. DP made a frame for it to lift it to a good height for us, and I sanded and painted it, and it looks awesome. We hope to get 6 month use out of it (until baby can potentially climb/fall out) in our room, before we decide if baby goes into the cot in the nursery or the cot comes into our room (a tight fit.)

We didn't want to spend a fortune on a new one, knowing that it would only get 6 months of use, but at the same time, wanted baby in our room as per SIDS guidelines.