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The bike that's in my price range is the Walmart Huffy intended to be sold to ten year olds. The cheapest adult bike I found for sale new in my area was $1,500.
So I just don't have a bike. I might buy a used one someday.
Learn how to do bicycle maintenance and find a good second hand bike that needs a little love.
I have a Giant hard tail that was €1200 new, but I got it used for about €100. Serviced the brakes, put on a new chain, cleaned/oiled/greased everything mechanical and it's like a new bike.
Where do you live? The Giant Contend 3 starts at 1000 USD. Their hybrid bikes are even cheaper.
North Carolina, east coast USA.
Though to be fair I last looked a few years ago. Situations may have changed by now. But when I was in the market for a cheap bike none of them seemed reasonably priced to me.
If you know where to look you can get a great adult bike for under $500
Covid spiked bike prices a lot.