You can pick up a 3-cup rice cooker for about $30 at any local Asian Mart. (even Target or online too)
If you get a smart rice cooker (fuzzy) that can cook brown and regular and sushi rice, it'll be like $120.
I know with the standard 1 button cook/warm cookers you can cook pasta, hard boil eggs, and make rice and then mix things into it (ex: byriani)
If you make rice at least once a week, it's worth getting a cheap rice cooker for the consistency, speed, and ease.
If you want to do fancier things with rice and plan to use it more frequently (every day, every other day) or want to have a timer so that it will automatically make rice ready by dinner time or in the morning, get the more expensive, fuzzy one. I will be jealous.