First post here. Looking for recommendations for inexpensive but bright light for home and bike use!

Welcome to the forum, miamilight...

The light that fits your specs is the Tank007 737. It takes either 1*18650 or 3*AAA, the latter being ideal.

Its a quality light but under $20 and probably the only quality light that fits your specs at anywhere near your budget.

There is a full review here.