The Austin Art Garage is a great place to find emerging local artists, and they happen to have a pretty stellar Web site. The prices of original pieces tend toward the affordable range, and prints are steals.
One of my favorite artists represented on the site is Joel Ganucheau. Feast your eyes:
ORIGINALS
Happy Land II | Mixed media on canvas | 8x8 | $200
Green Rider | Mixed media on wood | 8x8 | $150
Red Skies | Mixed media on wood | 10x10 | $200
Old Truck I | Mixed media on wood | 20x20 | $400
PRINTS ON WOOD/CANVAS
Amusement Park I | Print mounted on wood panel | 8x8 | $50
Clouds Over Kansas | Print on canvas | 12x12 | $60
Buildings VI | Print on canvas | 12x12 | $60
Underground | Print on canvas | 12x12 | $60
Austin Collage | Print on canvas | 8x10 | $50