Terry Bicycles makes women-specific bikes. They are extremely high quality and specifically tailored to a women's dimensions (shorter top tubes, narrower handlebars, even smaller front wheels on the smallest frames). They've been around long enough now that you should be able to find one on Craigslist. It might be hard to find one for under two bills but it would definitely be worth spending a little more for one. You won't lose any money of you decide to sell it later: they are in high demand.
