On a tight budget, prioritize an air spring (you tune it to your weight) and a sealed cartridge over an elastomer preload coil. Cheap coil/elastomer forks barely adjust and feel harsh. If you're torn between air and coil, see air vs coil; and to set the air to your weight, the pressure by your weight.
"Budget" doesn't mean "any fork with a coil". The best cheap one is the one you can tune to you: adjustable air and a damper that seals, not a fixed coil.
Air spring before elastomer coil. You tune air to your weight with a pump: more sensitive and with more of a feel of "your" fork. Cheap coil or elastomer forks come with a near-fixed preload that barely adjusts, so for many riders they feel harsh or without usable travel.
Sealed damper cartridge. A sealed damper controls rebound and compression and holds up better than a cheap open system. It's what keeps the fork from "bouncing like a trampoline".
The right travel. Even if it's a budget one, it should have the travel your discipline calls for: XC 80-120, trail 120-140 mm. There's no point saving and fitting travel your frame doesn't allow; check how much travel you can run.
The big problem with a cheap coil fork is the adjustment: it comes calibrated for an "average" weight and, if you're not that weight, it feels harsh (doesn't sink) or soft (bottoms out). Air solves that with a pump: you raise or lower the pressure to your weight and get real sensitivity. That's why, between two budget forks, the air one with a sealed cartridge is almost always more worth it. Compare the depth in air vs coil.
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Air spring (adjustable to your weight) and a sealed cartridge, over an elastomer preload coil.
Air. Cheap coil or elastomer ones barely adjust and feel harsh; with air you tune it to your weight.
Yes, if you pick air with a sealed cartridge in the travel your discipline calls for. What matters is the system, not just the brand.
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