Cheap, but not bad.
My perfect budget DSLR kit would include this lens for everyday use and macro photography, the Canon 55-250 zoom lens, and a 50mm prime lens for low light. Get a set of 58mm filters to protect your lenses, the filters are much easier to clean, and breaking a filter is a LOT cheaper than breaking...
Note: This lens is the kit lens that comes with the Digital Rebel XSi and a few other Canon cameras; The lens has a decent zoom, and is easy to use, even for beginners; Image stabilization works well and is quiet; Cheap
Sometimes this lens has problems focusing in low light; The focus ring is actually the end of the lens, so for beginners it is a little tricky to find; Aperture is not as fast as I would like, but it certainly works for low light photography, as long as you have a good tripod.