Pyle Pro PD MIC 58
The Pyle Pro PD MIC 58 is a very affordable dynamic microphone. This mic has a cardiod polar pattern, which is most widely used in the audio industry. The XLR output connection is very handy for connecting to a sound mixer or stage box. This microphone does come with an XLR to 1/4" TRS cable, but it does feel cheap.
You can purchase this product for $13.66* on amazon.com
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*Sale price as of April 4, 2015