Advice: don't keep to a budget, its a mistake. I bought a few lenses being on a "budget", and they weren't very good. Its money lost or locked up in a bad idea.
On a budget or not on a budget, for $150-$180 new - the DA 50mm 1.8 could be your first choice. Incredibly sharp from f/4-f/8 check out the Lenstip review:
Pentax smc DA 50 mm f/1.8 review - Introduction - Lenstip.com
The DA 70mm 2.4 is also fantastic and pin sharp. You might find a cheap used copy.
There is a DA* 50mm 1.4 on the forum for a little over $500.
The DA* 50-135mm 2.8. You might get one used for a little over $500. I've got this one and it'll really impress you. Its on my K-3 all the time. It'll close focus for macro, and do wonderful portraits, better than my 50mm 1.4's.