To answer the question there are 2 which I would recommend, among the best WiFi radios for this price range. You could read a short presentation of these right below. Also I would recommend looking at the Revo Pico portable wifi internet radio, although the price is not in the scope. Click the links to study full evaluations of these models and also other models.
1. Sanyo R227 WiFi Internet Radio
If you've ever considered of having something like this, and have the additional cash, go for it. If you have a strong WiFi and Cable/DSL service, yet still like to listen to radio or even streaming your playlist from your hard drive, pick this up.
Even though the signal occasionally may go down, it picks up again instantly. One person who reviewed this WiFi radio declared that he had it 30 feet off from his network. His family had 2 notebooks, two XBox 360s and two regular desktops all on a single WiFi router and its only dropped once on that night, but the traffic is always heavy when his boys are online.
The quality of the sound is amazing. Even streaming at 32K on something such as Air America or NPR, is strong sounding. Its MP3 streaming features from the computer are awesome. Just share out a folder or two on your hard drive where you have music and it sees the list and sucks the tags in for the tunes.
Buyers of Sanyo Internet Radio R227 (Click the link to read a full evaluation and find out where you should buy for the best price tag) should know that although there are only 8 presets, this is simply not the only way to save your favorite channels. To get a lot more favorites, you only have to log on to the Reciva site, enter your radio registration number, and their enormous list of Internet stations is immediately at your fingertips. At the Reciva website you'll select your favorite stations and, then, once you switch on your radio you'll get them all listed under MY STUFF on your radio's menu. In other words, you can have dozens (hundreds?) of favorites. You might have to restart your radio to see them. Awesome, isn't it?
2. Logitech Squeezebox Radio Music Player with Color Screen
If you do a lot of gardening and wish an internet radio outdoors, the Logitech Squeezebox will work really fine. You'll be able to listen to any station you desire. For outdoors use get the battery pack.
When it first came out, Logitech Squeezebox' price was $300. However right now you can get this great WiFi Radio for under $150. Plus, now it has battery functionality and a color LCD. You will most definitely love it, just as many do.
A cool feature that you may not know this radio has is ability to manage the Radio from the net.
As far as sound quality goes, it is far better than expected. There is almost no distortion even at max volume. The Base levels aren't that heavy, but they are there. You can put it in your living room and pump it up near max volume and listen to it clearly within the house.
At 50 feet away from the router and one floor below the strength of the signal is almost full. As already said, with the battery pack you take this thing around anywhere.
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