A crib is usually the most important piece of nursery furniture. You might find baby stores selling lovely cribs for thousands of dollars that you would be proud to hand down for generations. Always remember that your baby doesn't care what kind of wood something is made of, and choose a sleeping solution based on size and cost. There are lots of excellent cribs under 200 dollars, like the Dream On Me Portable folding crib, which is not only inexpensive but also can be made very small if your nursery is small.
If you're shopping for nursery furniture on a budget, one great idea is to combine multiple pieces into one! Graco makes the Pack 'n Play series of portable cribs that fold up very small, don't cost much, and are probably something you're going to want even if you have a regular nonportable crib. Why not make it your baby's primary sleeping place? For added savings, most models also come with a built in changing table, so you won't need one of those either!
Speaking of changing tables, they're really a luxury for the parent buying nursery furniture on a budget. Almost everything in your nursery isn't strictly necessary, but changing tables are really just a place to set your baby down to change a diaper. Most homes already have places that will do just as well, such as the top of a dresser, a countertop or, well, a floor. If you're going to go that route, though, make sure to get some extra blankets to keep things sanitary; packs of swaddling blankets work well. Keep these blankets separate from your actual swaddlers.
In addition to nursery furniture, you can also save a lot on decorations and play space. Consider making your own artwork or hanging impressions of your baby's hand/footprints; not only will it save you a lot of money, but it will make the space much more personal. When your baby is older, you can have him or her help you make things to brighten up the space. One inexpensive personal touch you can consider is chalkboard paint; this turns any paintable surface into a chalkboard, so you can let your kids draw all over the wall!
Certain major life events: marriage, buying a home, and having a baby, can make the participants lose all perspective on what's really important. Regardless of your resources, you might consider buying your nursery furniture on a budget to maintain perspective and focus on what really matters: love, health, and happiness.
Setting up a nursery can be costly--there's the crib, the changing table, the chest--and everything seems to have extras tacked on that can nearly double the cost. Baby bedding is one of those necessary extras that can easily tack on $100-200 to the cost of the crib. Baby bedding on a budget is a matter of smart shopping and deciding what you really need. With a budget of $50 or less, you can find the right baby bedding for your baby's nursery.