Yes you sure can, I agree with most of the advise you've gotten so far. Just know for that price it will most likely be a beginner guitar. The wood and hardware will 'Probably' be low-end, but defiantly still playable. I've gotten lucky to find guitars under $200 that are actually decent. E-bay and Craig's list are good for finding deals, Also check out your local pawn shops and never pay their asking price (you can usually bargain a deal). Make sure the strings are not Toooo hard to press down, that can be a sign of a warped neck, and if it is too difficult to play, you may not want to practice as much.
Your guitar is out there, Good Luck with you search !
P.S. If you are buying an electric guitar and need an amp, you should be able to buy a decent practice amp for around $60
I own 16 guitars from $106-$2,300 (the $106 is a Yamaha electric guitar that is banged up but plays and sounds Terrific !!!--pawn shop special)