That's pretty inexpensive. You may be able to build it a little cheaper in materials but once you add any labor you're going to be hard pressed to be under that. Now how long will it last is anyone's guess not knowing much about the construction.
Here's an example of an inexpensive home build though.
https://www.hillpeoplegear.com/Education/Articles/Make-a-woodstove
And the thread on them:
http://www.hillpeoplegear.com/Forum/forumid/23/postid/496/scope/posts
Hill People was working on a rolled titanium stove that was very lightweight but they had production problems and only a few were made. They weren't the cheapest but they were incredibly light. There's a thread about them on their forum as well and occasionally one will show up on their website for sale.
The Hill brothers recommend
https://seekoutside.com/tent-stoves/ for lightweight packing stoves. They are titanium so not inexpensive, but well made.
ETA- Galvanized pipe will work short term, but it tends to quickly rust from the heat. You'd be better off either buying stovepipe or rolling a sheet like some folks do (there are build threads on-line as well as youtube). If you go the galvanized route, be sure to do a hot burn outside to burn off the zinc. It forms zinc oxide when it heats up and will cause so-called "metal fume fever".