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In that price range I would go with a 19-24" LCD Widescreen PC monitor and the XBOX 360 VGA cable.
http://www.newegg.com/Product/Product.aspx?Item=N82E16824116075
FYI, you'll need a set of PC speakers too. If you not too picky those can be purchased fairly cheaply from anywhere.
Neverbuy computer equipment from bestbuy, circuit city, futureshop, etc.
Speciality stores like newegg (and my local) NCIX carry better prices, and better quality items. Futureshop/bestbuy/circuit city details are often misleading. I bought a monitor from futureshop once because I didn't have time to drive an hour to a specialty store... looked at the specifications and it should have matched my home monitor.
Not only did it look less asthetically pleasing... the quality in resolution was no where near what it should have been.
I don't think you'll find a 20 for that price, but here's some 15-19 inchers. One is from Sam's club so you'll need a membership or know someone with one. http://www.bestbuy.com/site/olspage.jsp?skuId=8205417&type=product&productCategoryId=pcmcat95100050013&id=1165610379139http://www.samsclub.com/shopping/navigate.do?dest=5&item=335409&pCatg=9666http://www.circuitcity.com/ssm/Element-19-LCD-HDTV-FLX-1910/sem/rpsm/oid/175558/catOid/-12869/rpem/ccd/productDetail.dohttp://www.circuitcity.com/ssm/Polaroid-15-LCD-HDTV-Monitor-FLM-1514B/sem/rpsm/oid/159405/catOid/-12869/rpem/ccd/productDetail.doKuruption84
 Except for the Element, non of those are HD. All those 15 inchers are 4:3 at 1024*768, and HD 720p is a full 1280*720, so those cheap things will probably squish HD into 4:3, looking real bad, or if it adds bars on the top and bottom then it's no longer HD because it would be using less resolution scaled down, like 1024*5xx or something.
 Best bet is a PC LCD screen. But even then you can have a slight issue. PC does 16:10 widescreen, while HD is 16:9. So what's the problem you say, just set the monitor to aspect mode to keep the shape at 16:9 and leave bars on the top and bottom of a 16:10 screen you say? Well, sadly, most cheaper LCDs have no such options, they just plainly stretch everything and anything to fill the screen, even if it's not widescreen. So 16:9 HD from the 360 will look a bit distorted at 16:10. Unless you get a higher end LCD like the 20.1 Dell 2007fpw (not 207 budget model) for over $300
http://www.pcconnection.com/ProductDetail?sku=7026596&srccode=cii_5784816&cpncode=07-25939923-2
 $320 Shipped. Free Shipping, and no Taxes.
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It has a Component Input, and a VGA Input.
Envision L20W421 brightens any room with its sleek widescreen design and high contrast ratio. Its multiple video inputs allow you to connect a progressive scan DVD player, PC, game console, or HDTV satellite/cable receiver.
Enjoy your favorite widescreen programming up to1080i resolution with your HD receiver. With its 8ms response time it will please even the most discerning gamers. Compact enough to be used as a PC monitor or a television in your RV. Use a VESA wall mount to position it anywhere in the room.
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1366x768 Resolution.
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