http://www.verizonwireless.com/smartphones/lg-lancet-for-android/

Price $120 retail or 5/month. Specs are very similar to the LG Transpyre, I am using that phone now and its a really good budget smartphone.

I am glad to see this pricing from Verizon for a decent smartphone. Low end smartphones of just a few years ago were barely usable. I had the LG Enlighten and could only put a few small apps on it due to very limited memory space.