If you’re in the market for a cheap Android smartphone, a new option has appeared on Sprint in the shape of the ZTE Fury, a device which may be low in price, but still has a surprisingly good feature list — provided your expectations are modest, of course.

Like many mid-range ZTE phones the Fury doesn’t look anything special, with a 3.5-inch touchscreen surrounded by a curvy, but uninspired chassis. The screen has a 480 x 320 resolution and displays Google Android 2.3 Gingerbread.

Inside is a 1Ghz Snapdragon processor, which is the same MSM8655 chip found in devices such as the HTC Thunderbolt, backed up by 512MB of RAM and a handy 4GB of internal storage. A microSD card slot can boost this figure by 32GB, and you’ll find a 2GB card inside the box.

Other features include Wi-Fi, GPS, Bluetooth 2.1 and a 1500mAh battery, plus a 5-megapixel camera with autofocus and a flash completes the Fury’s feature list.

So how much is it? Just $20 after a $50 mail-in rebate. But to get it for this price you’ll have to sign-up for a new, two-year contract.

Primarily aimed at parents wanting to buy their kids a basic smartphone, Sprint offers the Fury with its “Find my Friends”-style Family Locator app and the Mobile Controls option to remotely lock the device and snoop around inside. However, adding these options does cost extra.

While the Fury appears to be a solid budget Android phone, it’s a shame Sprint didn’t opt for the recently announced ZTE Blade II, a phone with an almost identical spec sheet, bar the inclusion of a 480 x 800 resolution touchscreen and Android 4.0 Ice Cream Sandwich.

The Fury is available through Sprint’s website now.