Cheap variety of fruit (5)
I believe the answer is:
peach
'fruit' is the definition.
(type of fruit)
'cheap variety' is the wordplay.
'variety' is an anagram indicator.
'cheap' is an anagram of 'PEACH'.
'of' is the link.
(Other definitions for peach that I've seen before include "TREE" , "Furry fruit" , "Fleshy fruit; colour" , "Cheap (anag.)" , "To accuse" .)