I have several, and while it's not my favorite, it's the absolute best for the price range you're looking for IMO.
https://www.amazon.com/dp/B07PRKLCZQ?ref=ppx_pop_mob_ap_share
It's not as big as the Pic looks, I use it for inside (it's like small trashcan sized) as it has an ant trap and spigot to get rid of excess moisture, and the trays are small enough that you can pick them up and soft them as the holes in the bottom of each tray is just big enough for castings to fall through.
Currently I have it processing about a lb of scraps a week but I don't keep the majority of my worms in it.
My absolute favorite is the 3 tiered Worm cafe.
The reason is once you get all 3 trays going it processes a LOT of food and by feeding the top bin the worms leave the bottom one, making it easy for me to harvest. And they are thick enough to where I can really get a nice ecosystem going. It's $150 but worth it. It's essentially just a larger version of the Amazon one I linked above.
The Amazon one is nice as they throw in a few tools and stuff and it comes with a handy magnetic animated chart of what to feed worms and what not to feed them which is nice for beginnings.
It's clean E ough to where I could if I wanted to put it under the sink, though I wouldn't recommend that.
I suppose cheap is relative, but that's $120... OPs bin is $8.