Soldering Iron
Use a Weller RT iron base (or HAKKO 907).
http://www.instructables.com/id/DIY-Soldering-Station-1/
There are quite a few projects that will buy a cheap iron and put a thermal coupler inside the iron to sense the temperature. They seem to work decently well.
- Weller ~25$
- Hakko $7
- Cheap Iron
- iron $5.35
- thermal coupler $1