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I would think sheetrock at $4.25-4.75 a sheet, that would be fairly inexpensive, just difficult to hang. But with the help of a few friends, and sheetrock screws it would be easily managed. I'm in the process of doing my own basement with the help of a few friends. We've put up 11 sheets over a period of a couple of weeks and it looks great. All you really need is box/utility knife, a drill or screw gun, sheetrock screws (forget the nails unless you're a masochist), a step ladder, chalk line, and a couple of 2x4's cut to length with a t-bar across the top to hold the sheetrock up while you run some screws in to hold them up.
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