The best Nerf blasters that can be purchased for under $40 would probably be the Raider CS-35 (34.99), Unity Power System (39.99) and the Rapid Fire 20 (29.99) due to each's incredible power (35 feet, 34/50/60 feet, 55 feet), the capacity (35 Streamline darts, 1 Mega Missile/9 Micro darts, 20 Micro darts) and each's stellar performance. Some may say the Maverick is a good choice, but it lacks in accuracy and range. Others claim the Recon CS-6 is the way to go, but it jams all the time and sucks in battle.
Unity is always a good choice. The scout and hornet are pretty nice, thought the Titan is only tacticool. Rf20 and Magstrikes are good because they have sick ROF are are a ton of fun to use. Although, bang for buck, I would just buy three nitefinders.
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It's all a matter of opinion.
I prefer the nitefinder for the size, weight, and power (don't forget the possibility for increase of power)
There is also the maverick which has a 6 dart ammo compacity in a revolver, great stock gun, and many ways to increase the power.
These are but a few and the best(by my standards) of the Nerf small/handguns.
There are many different types of Nerf gun toys. They vary in price from a couple dollars to over 50 dollars each item. They can come with or without "bullets" which can add to the price if not included.
Try e-bay or Wal-mart. wal-mart doesnt have the best selections sometimes but it does sell the guns cheap.
The nerf Barricade, released in 2010, is the cheapest fully automatic nerf gun. It has 10 bullet capacity, and requires no reloading. However, you must manually gather and put back ten darts.