First I would find out what theme or color scheme the woman has going in her kitchen. One really cute idea that you can customize is to find a basket and make a little personalized gift set. You can spend as little or as much as you want to on the gift.
To save money I would go to thrift stores or yard sales and find a cute used basket that you can use to put the items in. Then I would visit a store that sells kitchen items. You can either go to a high end department store like Gottschalks, an everyday store like Target or Walmart, or if you are on a budget you can even find items at your local Dollar Tree or 99 Cent stores. My three favorite places to buy items to make gift baskets are the Dollar Tree, Ross, and Michaels. If I was making a kitchen basket I would pick up things like pot holders, kitchen utensils, kitchen towels, timers, small little gagdets to make cooking easier (egg seperator, flour sifter, apple corer, etc.) and anything that might go with that person's kitchen theme. For example if they had a cow themed kitchen I might try to find a cute little cow magnet or figurine.
Making a gift basket is such a great idea because you can completely customize the gift for your friend and by doing this your friend will feel very appreciated. Your friend will also enjoy looking through and using all of the little things that you picked out for her.