I purchased a year ago what I like to call a campfire accoustic guitar for 320$
(I bring it with me everywhere and im not scared to scratch it or something like that, since it didnt cost me much.) But the most amzing thing is the quality of soud and playability of that guitar (in my taste atleats) for that price.
They are called Art et Lutherie (a branch of the Godin guitars family). Its made here in Quebec so I'm not sure if there available everywhere but if you see one of them, try it. You will be suprised of the quality for price of that guitar.
When I was trying out guitars, I was stuck choosing between that one and a taylor. I went with this one since it was cheaper and sounded almost the same ( with a better feel...to my hands)
Make sure to try 5 or 6 guitars before you make a decision (in different price range). Sometimes you can be suprised by those so called "cheap guitars". I was least year :)