Definitely! 360 Red is a favorite of mine, and I often reach for it over much more expensive fragrances. Overall, Perry Ellis makes some really nice cheaply priced scents. I would also recommend Perry Ellis 360 White as a great fragrance for you later on in the winter (very similar to Le Male, with a bit less mint up top & not as strong of vanilla in the base).
Another great cheapie for warm weather in the high school/college age bracket is Izod for men. It can be found very cheaply at places like Marshall's/TJ Maxx, along with 360 Red.