Milled asphalt, or chip seal aka two-course aka tar and chip.
Milled asphalt works well if you can find a source (road contractor) nearby looking to get rid of it. Blades well and compacts very well in the summer heat when the binders reactivate and can set. We have this at our construction yard and it has performed surprisingly well for 8 years or so.
Chipseal over some profile (thickness) of crushed limestone base also fits exactly what you seem to be asking for cost and performance wise. This option is your cheapest, likely by a long way but it depends on your location.
HMAC would be the most expensive option you could consider that is still less than concrete. Cost depends a lot on your proximity to a hot mix plant. Time of year you are paving is also important.
Stay away from crushed granite IMHO. It is a more expensive option, has little/no binders, and will wash easily. Decomposed granite is better, but more expensive. Both will grow weeds like crazy, decomposed worse than crushed.
I'd recommend installing the limestone base during construction then whatever covering you choose after the traffic is finished.