I would probably do something like this for a 5 gal batch:
5 lbs 2-row malt
2 lbs Pilsen (Pilsner) malt
1 lb Flaked Corn
0.5 lb minute rice
Mash at 150F for 80 minutes
Same hop schedule but 25% less bittering hop if you do a full boil down to 5 gallons. I aim for 16 ibu's.
Fermentis US-05 dry yeast
Would be around 4.5% abv. You could add another 8-12oz of table sugar or corn sugar if you want to dry it out further and boost alcohol to 5%+
This is almost exactly the recipe I use for my light cream ale and it's highly drinkable and cheap! You can use generic unsweetened corn flakes for the corn and generic "minute rice" instead of flaked rice. I get my minute rice from the dollar store along with the corn flakes!
Next up: Amber Rain (Dry Hopped Spring Amber Ale)
Primary: Spring '14 Kolsch
Bottle Conditioning: Red Zombie IPA, Swamp Monkey Belgian Golden Strong, Vienna Lager