When I first started hiking (I'm a mountain biker, and have been since I moved here in 1998), I eventually decided I should have a small tent. So, I bought a really small Wenzel 1-banger (Lone Elk). At the time, I didn't know anything about tents, and what features for which to look. I think I paid like $30 or so for it. It's VERY VERY lite...but that's about it. It's 1-piece shell, so no screen and attachable fly. Also, the ventilation is a little lacking, so I builds up condensation, which snows back down on your later in the night. All in all, I'm a BIG BIG Wenzel fan. Their stuff is extreme-low priced...but very often pretty nice quality. I have their 35 (ish) litre day-pack; and it's extremely nice (though no loops on the bottom to hang a back and/or pad).
So....I'm looking for recommendations from anyone who can perhaps offer advice for a
bargain tent, that can hold up in the event of a serious rain. I think my new bag and down jacket plus other accessories should be able to keep me warm. So now I'm just concerned with a decent tent that will last, isn't heavy, and will keep the rain off me if that happens.
Any ideas? Again.....I am really looking for a bargain, if there is such a thing.

Maybe this is an area where a "great bargain" isn't in the cards?