You might consider a George Foreman Grill... It's fast, cheap, and gets great results.... Shove it in a cupboard when not in use... Also in the kitchen gadgets section just get yourself an instantpocket thermometer.

BEEF: Internal Temperature
Very Rare - 130° F
Rare - 140° F
Medium Rare - 145° F
Medium - 160° F
Well Done - 170° F
Very Well Done - 180° F