Love the look of an old-fashioned coat-tree, but don't have the floorspace? Consider applying one of these Coat Tree decals to a wall near your entry. Simple screw in hooks or press on adhesive hooks... and you'll have a fabulous coat tree in no time. (Check with your landlord or resident advisor before screwing anything into your walls, of course.)
Or if you do have the space and some money to spare... opt for the real thing. Urban Outfitters sells this one for under $70:
Or, if you're more thrifty... hit up local antique stores and thrift shops. Even a dull wooden coat tree can be transformed with a fresh coat of boldly hued paint.