The least expensive option for workout gear is simply the contents of your skin suit. Bodyweight exercises work and can be done anywhere anytime. Done correctly they will also provide a cardio component. As you progress you can do more and more challenging bodyweight moves to continue to make progress. Rather than a treadmill a $7 adjustable length jump rope with swivel handles will give you a quality workout and not take up floor space.
Some time ago I wrote a forum topic on a frugal gym listing my options for inexpensive workout gear.
Fitness Minutes: (16,660)
1,199 6/21/13 11:06 A
Awesome!! I love my resistance bands by Gold's Gym that I got at Walmart. 3 bands that I can use separately or combined for extra challenge ;)
6/21/13 7:25 A
Rubberbanditz bands for strength training. Got the basic set and have moved up over time. Worth every penny because it's so portable--goes every where I go and takes very little room in suitcase.
Plus it gives me a better workout than the machines ever did and I'm more form-conscious with these.
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