NextWarehouse offers the Whitmor Closet Organizer in Gray, model no. 6779-4464, for $21.50 with free shipping. Outside of the mentions below, that's the best price we could find by $5, although we saw it for a buck less in January. It features an epoxy coated metal frame, two collapsible fabric storage drawers, and three breathable fabric shelves.

A close price: Walmart has it for $22.77 via in-store pickup, while Amazon has it for the same with free shipping for Prime members.

Update: The NextWarehouse item has increased in price; however, the Walmart and Amazon offers are still available for $22.77 with store pick-up or free shipping with Prime, respectively.