The Daisy Powerline 880 pellet gun is a great value ($50) in the air rifle arena. It combines descent quality and accuracy with affordability. The 880 is a multi-pump single shot bolt action rifle with a maximum muzzle velocity of 650 fps with pellets.
Here’s a great target practice video featuring the Daisy Powerline 880 pellet rifle and various entertaining targets ranging from soda cans to street chalk to toy soldiers. You can get really creative with targets for pellet guns.