Momentum Bicycles (by Giant)

Giant's Momentum Street bikes: double-diamond model at top, mid-step at bottom. Photos courtesy momentum-biking.com

Momentum Street models are available in 5 colors, as a double-diamond or mid-step, and sell for just $425.

Giant, the world's largest bike manufacturer, is making low-cost bikes for the rest of us. They're 7-speed aluminum bikes that come standard with fenders, rear racks (with bag mounts), nominal chainguards, integrated cup holders, and even a frame-mounted u-lock carrier.  At $425, this is a highly utilitarian bike and a really good deal.

Rack, fenders, cup holder for $425 - need more space so I can get one of these! @bikerackdc #bikedc pic.twitter.com/Z2NNzaC4Z6

— Joe Flood (@joeflood) August 15, 2015

Outside Magazine has a positive review (as well as some discussion about Specialized's now-defunct Globe series).

Specifications

Sizes	Small, Regular, Large
Colors	Double Diamond:  Black/White  Blue/Bronze  Matte Green/Orange Mid-Step:  Blue/White  Red/Pearl White
Frame	ALUXX-grade aluminum with integrated rear carrier and cup holder, double diamond and mid-step options
Fork	High Tensile Chromoly Steel
Handlebar	Alloy, Mid rise
Stem	Alloy Quill
Seatpost	Alloy, 30.9
Saddle	Riveted Retro-Classic Comfort, coil spring
Pedals	Alloy/Anti-Slip Platform
Shifters	Shimano Revo, Twist
Front Derailleur	N/A
Rear Derailleur	Shimano Tourney

Brakes	Alloy, Direct Pull
Brake Levers	Alloy Comfort
Cassette	Shimano TZ31 14x34, 7-speed
Chain	Z51KMC Z51, Nickel Plated
Crankset	Alloy, 42T
Bottom Bracket	Sealed Cartridge
Rims	Giant Alloy, Double wall
Hubs	Alloy, 32h
Spokes	Stainless Steel, 14g
Tires	Kenda Kwick Roller, puncture protection, 700x32
Extras	Chainguard, Kickstand, Bell, Integrated Rack with Straps and removable bag mounts, Integrated Cup Holder, Frame Mounted U-Lock Carrier