It depends how good a mechanic you are.
I am lucky to have a self help bike repair place walking distance from my house. Every thing I need plus help for $7 an hour USD.
When I go there to true a rim they don't have us get the rim perfectly centered in the truing fork, they have us pick either the left side or right side an just go with that. So it is possible to just use your v-break pads (if you got v-breaks) to get your rim trued, but you may also need a dish tool to check the dish of your rim.
http://www.jimlangley.net/wrench/truingstand_parkdish.jpg
Also there are some tricks.
Before you start to true the rim, take if off and lay it down flat on the floor with the axle touching the floor. Gently press down on the rim with both hands 180 degrees apart. You should hear the rim creek a little. Spin the rim in your hands and repeat at a few different locations. You are trying to get the rim to release into its most stress relieved position before you start. Don't tweek the rim, just press on it a bit to get the spokes to be where they want to be.
Using a good spoke wrench, only turn the spoke nibs 1/4 to 1/2 turn at a time. This will keep you out of trouble.
Also, there are plenty of youtube vids to show you how to do it. Once you watch a few, then you can decide it you want to save the money or give it a go yourself.
Just remember, truing takes patients so don't do it if you get "all nervoed" easily.
Here is a youtube video to start you out.
http://www.youtube.com/watch?v=a25vC5zsf6A