This is a pretty decent scope for $80:
http://swfa.com/Hawke-3-9x40-Frontie...pe-P41124.aspx
This is the same scope as a Burris Fullfield, but is only $120. It's also quite a good buy:
http://swfa.com/Pentax-3-9x40-Pionee...pe-P40165.aspx
Those are really about the two best options for under $150. If you can bump it up to $200, you could buy this:
http://swfa.com/Nikon-Team-Primos-Ri...pes-C1407.aspx
That Nikon is a bit better still, and comes with a free camo jacket. It's the same scope as their discontinued Monarch UCC, just with a different name. It's a really nice scope for the money.
After that, the Elite 4200 is the next best buy. It's probably jut a tad better than the Monarch, and only $50 or so more. Plus, it comes with Rainguard, a coating that really helps in damp conditions- kind of like Rainex. By the way, don't ever put Rainex on a scope.