For $200, I would classify that as a decent price, but there are a handful of other options that will be better quality firearms for not much more. Even moving the budget up to the $300-$350 range can get you something that will be a noticeable improvement. Examples in that price range would be Marlin X7, Stevens 200, and some of the base model Savage 11/111 rifles. It may take some bargain hunting to find them, but online sellers often have some pretty good prices. Bud's is a good website to start with.
If $200 is all you can invest in a rifle right now, there are certainly worse places to start than the Savage Edge, and that is reasonably below the prices I usually see.