Tablets are becoming the hottest gadget in the market today and it is only natural that people try to look for the greatest bargain that they could find in the market.

One of the leading tablets in the market, Apple's entry level iPad 2, costs around US$499 and despite the fact that it is a very good tablet, many people are looking for other alternatives like Android tablets. Android tablets are a good alternative because aside from having a lower price, it caters to different needs of users.

Here is a quick guide of the best cheap Android tablets in the market:

Novo7 (Selling Price: US$99)

The Novo7 is a 7-inch tablet that is currently offered in China by Ainol Electronics. It is set to come in the U.S. in the coming months and it is expected to be offered for only US$99. Despite the low price, this tablet has much to offer in terms of specifications and features. This tablet is powered by Ingenic's JZ4770 mobile applications processor and utilizes a 1-GHz MIPS-Based XBurst CPU. Aside from that, the tablet has 2 cameras (front and back), 1080p video decoding, 3D graphic capability, Wi-Fi connectivity, and HDMI 1.3 (high-definition multimedia interface) port that is used to connect to HD TVs. Battery life is estimated around 6-8 hours, depending on the activity done by the user. This tablet utilizes the latest Android Ice Cream Sandwich as its OS. As for the features of this tablet, Novo7 have acquired Google certification in order to run Google-based applications like Google Maps, Gmail, Google Music, Google Talk, etc. for this tablet. The Novo7 will be available in the U.S. through Leader International and OMG Electronics.

Coby Kyros MID7024 (Selling Price: US$150)

This is another alternative for users who want to have their own Android tablet. Despite not being a "high-powered" Android tablet, it does have the standard features of a good tablet. It is a 7-inch resistive touchscreen tablet with a display resolution of 800 x 480 (WVGA). It has a unit dimension of 4.75" x 0.53" x 7.68" and weighs around 0.87 lbs. As for its processor, the tablet utilizes Samsung S5PV210 (Cortex A8) with a CPU speed of 1 GHz. It has a built-in flash and built-in 4GB memory with expandable memory option of 32GB, Wi-Fi connectivity, 2.1MP camera, and 7 hours of battery life (estimated). The tablet is also compatible with Microsoft Windows XP, Vista, Mac OS or Linux is mass storage mode. As for its OS, this tablet utilizes Android 2.2 Froyo and the downside here is that users could not expect any upgrade for its OS. Despite this downside, this tablet could still support main media formats for video and music as well as PDF files and Adobe Flash.

Amazon Kindle Fire (Selling Price: US$199)

The Amazon Kindle Fire is one of the best Android tablets in the market and considering its price, it is also one of the cheapest in the market. The tablet's main use is to be an e-reader but still containing other tablet features that makes it attractive to users. The Amazon Kindle Fire has 7-inch IPS screen (1024 x 600 pixel resolution), dimension size of 7.5" x 4.7" x 0.45", 1GHz dual-core processor, 512MB of RAM, Wi-Fi capability, USB 2.0 (micro-B connector), and weighs around 14.6 ounces. Kindle Fire also offers free cloud storage and access to Amazon contents like books, music, TV shows, videos, etc. As for its OS, it utilizes Android 2.3 Gingerbread and there is still no official announcement from Amazon if it will upgrade to Android 4.0 or Android ICS. Despite that, there have been some hacking attempts to upgrade the tablet's OS to Android 4.0.