Sears offers the Monarch Specialties 3-Piece Dining Set with 36" Drop Leaf Table in Natural Wood finish, model no. I 1006, for $260.70 with free shipping. That's the lowest total price we could find by $12. It features two armless, ladder back chairs and a round table with drop leaf sides.

Of note, Shop Your Way Rewards members will earn a Sears credit with this purchase and may be eligible for additional credits and discounts.

Update: As a reader found, Furniture Creations via Amazon offers a similar dining set for $138.86 with free shipping.