I needed a place for my keys and what-nots, but i'm a cheap. Coat hangers cost anywhere from $7-10. So I went and found some cheap spoons. I got four for a dollar. Spray painted them flat black, Drilled a hole in the middle, and mounted them on the wall. Make sure if you do this project to check where your wiring is.
This project only cost me $1.08 because I already had a drill and black spray paint. If you don't have a drill this project is probably not going to be cheap and you would be better to just buy hangers from the store. Black spray paint is only 98 cents but in the US you have to be 18 to purchase it.