Walmart offers the Home Basics 2-Tier Dish Drying Rack in Red for $19.95. Choose in-store pickup to drop that to $19.25. (Amazon charges the same with free Prime shipping, although it usually ships within two to three weeks.) That's $3 under our mention of another color from three weeks ago and the lowest price we could find now by $2, excluding the below mention. It measures 18" x 6" x 11" and features removable plastic dish trays, a silverware basket, and glass holders.

Looking for a less vibrant color? Houseware_Outlet via eBay offers it in Black for $19.99 with free shipping.

Update: The price has dropped to $18.58 before in-store pickup, $17.93 after.