Freelance writers can get anywhere from a penny a word up to $10 per word, depending on their qualifications and the quality of their writing. (You might even be able to find them cheaper, but the quality of anything below 2 or 3 cents per word is going to suffer dramatically.)
Interestingly enough, sometimes writers who charge more don't necessarily do better work. I was disappointed in the quality of work I was getting at one time, then I raised my going price, and got work of similar or shoddier quality for the higher price. So you're always going to have to actively manage any relationship with a freelance writer.
And if you find a good one who's willing to work within your budget, stay on good terms with him. (or her).
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