I bought a Nikon D60 today for $249, but it’s just the body. I really can’t afford to splurge on a lens, so what is the cheapest possible lens I can purchase for it?
Unfortunately, the Nikon 50mm 1.8 isn’t an “S” or “I” series optic, so it won’t autofocus on your D60. The least expensive lens for the D60 would be the Nikon 18-55mm zoom.
Here on Ebay, it looks like they’re going for $45-$70.
http://photography.shop.ebay.com/items/Lenses__Nikon-18-55mm_W0QQ_nkwZNikonQ2018Q2d55mmQQQ5ftrksidZp3286Q2ec0Q2em282QQQ5fcatrefZ1QQ_flnZ1QQ_sacatZ3323?_trksid=p3286.c0.m282
You may also want to look at your local edition of Craigslist. Here’s a few I found when I entered “Nikon 18-55mm” in the search window for the SF Bay Area.
http://sfbay.craigslist.org/search/sss?query=Nikon%2018-55mm
If you want autofocus, there are many choices, but be sure you’re looking at a S or I series lens. Here’s a more complete list of compatible lenses for you.
http://www.dpreview.com/reviews/nikond60/page3.asp

you got a new d60 for 250$? nice purchase, sure it wasn’t used?
when it comes to the ‘ cheapest ‘ lens possible, get this lens:
http://www.amazon.com/Nikon-50mm-Nikkor-Digital-Cameras/dp/B00005LEN4/ref=pd_bbs_sr_1?ie=UTF8&s=electronics&qid=1218842870&sr=8-1
this is a Nikkor 50mm f/1.8 lens, it’s a really nice lens, i’ve gotten some really nice shots from it. It’s a really sharp lens, best for portraiture, because you can really throw the background out of focus. This lens is around one hundred dollars, but it’s not ‘ cheap ‘ in quality.
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