Stainless steel frying pans under $120 are a great option for those looking for moderately priced cookware for their kitchen. Frying pans in this range come in various diameters, styles and brands, so review all the features for the models that catch your eye. Some stainless steel frying pans under $120 have a natural finish while others feature a nonstick coating. Frying pans may have one long and straight handle or both a long handle and short handle on the opposite rim for more control during use. Chefs use frying pans because their distinct flat bottoms and upwardly curved sides conducts the high heat necessary for frying foods to a crisp.