The Canon EF-S 18-55mm f/3.5-5.6 IS II ($199.99 direct) is the standard kit lens that is bundled with APS-C Canon EOS D-SLR cameras . When you buy it along with a camera it only adds about $100 to the price, and at that price it's a bargain.
Sharp; Light; Inexpensive; Optically stabilized
Noticeable distortion; Front element rotates during focus; Plastic lens mount; Slow aperture