It really depends on how complex. I've seen logo-based design work go fairly cheap ($50-$200) and I've seen it on the more expensive side ($400-$$$). It would depend on experience and past work.
If the logo comes only in PSD format, is too small to resize or there are a great deal of limitations with the work, then $25-$50 sounds about right. If you, however, need the logo for paper, business cards, shirts and other such items, then be prepared to pay a little more.
Again, generally, experience is a key factor. Do you have any example logos you like? I could probably give you a general range then.
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