I'll try again - my last reply was eaten.
Is there a reason you don't want a pack and play? They are very portable, come with different height things - bassinet and then all the way down - and in your price range. They even sell mattress pad type boards instead of the hard boards you can get.
Definitely no toxic paint.
SAHM to Magnolia May (09/10) and Luke Russett (04/13) and wife and best friend to my airman.