Here's something to consider, if a decent motor for 350 or so, including controller and throttle is high for you, wait till you start wanting a battery that goes farther than the 6 miles you get out of sla's at full throttle!
If your trips will be less than 10 miles per charge, the only cheap route for hubmotors are the brushed hubs. Lurk long enough on Ebay and you might get a deal on a used one. In the for sales, I have a used but good WE BD36 kit for $175 including shipping to 48 states. Once in a while an ebay deal can beat that, or a new brushed crystalyte from ebikes-ca is an option. New BD36 kits are pretty rare, but you can still get the motor only at some WE vendors sites. About 200 for the motor only, and then another 100 or so for a throttle and controller, and you are much better off to just get an ampedbikes or High tech bikes kit.
Just about the only good thing about the BD36 motors, is at 48v , they go about 28-29 mph. After about 10 miles at full throttle, the brushed hubs get kinda hot, so you have to be carefull about hot weather and long rides. Brushless motors are worth the extra money for sure!