There are also small cast iron panini grills, that come with a weight to put on top to help smash the sandwich down. I was thinking about getting one of those, since it seems like it would be easier to clean (no worrying about water seeping inside an electrical unit and stuff shorting out), plus I could just put it away in my cupboards and not have another appliance taking up counter space.
Sometimes Big Lots carries refurbished Cuisinart electric grills, for way cheaper than what you would pay full price - usually around $35 vs. $100+ full price.
Right now, we have a small, two sandwich size maroon electric grill from Dollar General. It's their store brand of small kitchen appliances. It's okay, and I actually like it better than any of the comparable George Foreman ones we've had, since it's got a few nicer design quirks to it, but the logo on top wore off almost immediately, and it doesn't get super hot, so it can take a while for things to cook.