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WIth so low budget i cant put you an intel I5 so here's my attempt:

 

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i3-6100 3.7GHz Dual-Core Processor  ($110.99 @ SuperBiiz) 
Motherboard: Gigabyte GA-H110M-A Micro ATX LGA1151 Motherboard  ($53.99 @ SuperBiiz) 
Memory: Crucial 8GB (1 x 8GB) DDR4-2133 Memory  ($26.99 @ SuperBiiz) 
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive  ($46.98 @ OutletPC) 
Case: NZXT S340 (Black) ATX Mid Tower Case  ($64.95 @ Directron) 
Power Supply: EVGA SuperNOVA GS 550W 80+ Gold Certified Fully-Modular ATX Power Supply  ($65.98 @ Newegg) 
Total: $369.88
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-05-14 13:52 EDT-0400

 

However, if you still want the i5 you need to pay $50 more. 

 

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor  ($194.89 @ OutletPC) 
Motherboard: Gigabyte GA-H110M-A Micro ATX LGA1151 Motherboard  ($53.99 @ SuperBiiz) 
Memory: Crucial 8GB (1 x 8GB) DDR4-2133 Memory  ($26.99 @ SuperBiiz) 
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive  ($46.98 @ OutletPC) 
Case: NZXT S340 (Black) ATX Mid Tower Case  ($64.95 @ Directron) 
Power Supply: EVGA SuperNOVA GS 550W 80+ Gold Certified Fully-Modular ATX Power Supply  ($65.98 @ Newegg) 
Total: $453.78
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-05-14 13:57 EDT-0400

 

And this is i would recommend for more better performace and fast response:

 

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor  ($194.89 @ OutletPC) 
Motherboard: Asus Z170-A ATX LGA1151 Motherboard  ($150.88 @ OutletPC) 
Memory: Corsair Vengeance LPX 16GB (2 x 8GB) DDR4-2133 Memory  ($58.99 @ Amazon) 
Storage: Samsung 850 EVO-Series 250GB 2.5" Solid State Drive  ($85.79 @ OutletPC) 
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive  ($46.98 @ OutletPC) 
Case: Phanteks Enthoo Pro ATX Full Tower Case  ($99.99 @ Amazon) 
Power Supply: EVGA SuperNOVA G2 650W 80+ Gold Certified Fully-Modular ATX Power Supply  ($89.99 @ Amazon) 
Total: $727.51
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-05-14 14:00 EDT-0400

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PCPartPicker part list: http://pcpartpicker.com/p/s9QYP6
Price breakdown by merchant: http://pcpartpicker.com/p/s9QYP6/by_merchant/

CPU: Intel Core i5-4460 3.2GHz Quad-Core Processor  ($169.89 @ OutletPC)
Motherboard: MSI H81M-P33 Micro ATX LGA1150 Motherboard  ($43.88 @ OutletPC)
Memory: Crucial Ballistix Elite 8GB (1 x 8GB) DDR3-1866 Memory  ($21.99 @ Amazon)
Storage: Toshiba  1TB 3.5" 7200RPM Internal Hard Drive  ($42.89 @ OutletPC)
Case: Fractal Design Core 1000 USB 3.0 MicroATX Mid Tower Case  ($34.99 @ Micro Center)
Power Supply: Antec EarthWatts Green 380W 80+ Bronze Certified ATX Power Supply  ($43.89 @ OutletPC)
Total: $357.53
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-05-14 13:58 EDT-0400

 

 

what are you using this computer for, since you may not need an i5 and could get better performance for the price.

Altair - Firestrike: http://www.3dmark.com/3dm/13945459

CPU:  i7-4790 @ 3.6 GHz Motherboard: Gigabyte B85M-DS3H-A RAM: 16GB @ 1600MHz CL11 GPU: XFX RX 470 RS Storage: ADATA SP550 240GB | WD Blue 1TB | Toshiba 2TB PSU: EVGA B2 750W Case: Phanteks Enthoo Pro Fans: Phanteks PH-F200SP (Front) | Phanteks PH-F140SP (Rear) | Noctua NF-A15 (Top)

Mouse: Logitech G502 | Keyboard: Corsair K70 MX Brown | Audio: Sennheiser HD 558

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