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About the cheapest large caliber ammo you'll find is probably 30-06. Still isn't cheap compared to something like pistol ammo but you'll be hard pressed to find a large rifle caliber any cheaper that isn't some sort of old surplus ammo. With the cheap stuff you may sacrifice accuracy though. Same goes for the gun, cheap may give you poor accuracy and reliability. I always tell people don't be afraid to buy a used gun from a reputable dealer, a good friend and or have a knowledgeable friend help you pick one out. Many time you can get a older slightly used, better quality or military sporter gun cheaper than a new "cheap" gun BTW what is cheap? List a price range and someone should be able to help you. Cheap is relative to how much money one has.
 
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