http://palmettostatearmory.com/index.php/firearms/rifles/smith-wesson-15-22-a1-style-w-flash-hider-and-collapsible-stock-811033.html
349 right now.
you can't really build a dedicated 22 cheaper than that right now. even with dirt cheap lowers, the uppers run about that much.
even getting a complete upper and lower with insert for 22, you are still going to be over 600 when you are done.
that being said, I prefer the flexablilty of having a 22 upper on a regular lower. so I can swap out later if I need an extra 223 gun for whatever reason.
but if I wanted a 2nd 22, I would probably go with the complete one listed above.
if you have time, just wait a bit, (assuming no crisis happens with guns,) and they will probably drop that 50 bucks again for the holidays.
if you don't care about it being an ar, GSG522 are under 300, and of course the stand by 10/22 can always be had for less than that.