Wow, that's a really tiny budget for monitors. Newegg has these for $60 each: http://www.newegg.com/Product/Product.a ... 6824254094
For the last two years, I've been ordering this monitor each time someone needs new monitors in the office: http://www.newegg.com/Product/Product.a ... 6824236117
We have ten of them now? Two per employee who needed new monitors. Sure, they aren't IPS, but "gross" TN panel instead. Sure, they are low refresh rate. But the price is decent and they are reliable. And that's a fair amount of screen real estate for $160/monitor. I think having two of these is just perfect for productivity work.