My friend needs a hammock for his own backpacking adventures. He is the backpacker that is cheap to the max. That's just his style and he won't go for anything spendy unless he's in one of his crazy shopping moments.
I have recommended him to find some ripstop nylon at walmarts. Believe it or not, I only looked in a few local wally's but I actually haven't found anything. There are still a couple more in the area (sorta), so who knows. I have my doubts though. Walmarts are popular in this area I guess
Secondly, I know I saw a Skeeter Beeter at an REI a month ago. Right now it's $40 bucks and that's the cheapest store camping hammock in our area other than DIY. Although I also mentioned the skeeter didn't look so comfortable, but that's IMO.
I did mention the ENO singlenest hammock too, because I almost purchased that awhile ago. It is $50 at REI currently.
I'm thinking his maximum spending would be around $40 bucks, maybe. He has made his own hammock and used very cheap liquidation store hammock in the past. Both were by no means camping hammocks.
I'm not sure how, but I would post up some pictures of his homemade hammock he used on his last trip with me. It broke twice, but was very comfortable for him when it was intact.
It was made of old fishing net and cheap store rope was ducted along both sides to keep it... um, in a hammock shape. Pictures are great