Newegg has the Canon EF 75-300mm f/4-5.6 III Telephoto Zoom Lens for $155 - $10 off with coupon code LENS781 [Exp 7/31] + $5 shipping = $150 shipped. Features a DC motor as AF drive actuator and a 4.9-foot close focus distance.
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S but you knew that by the price.
P Crap. Crap. Crap.
Not a quality lens and no IS. The Digital Picture calls the build and image quality "mediocre". Yes it's only $150 here; if you really can't afford the 70-300mm or better, then you probably have no other choice to break into telephoto SLR lenses.