Vinyl Composition Tile
Typically used in commercial locations or basements Vinyl Composition Tile (VCT) is a very durable floor if maintained properly. Proper maintenance includes always keeping a good layer of wax on top of the tile. You are always supposed to be walking on the wax covering the tile, not the tiles themselves.
With a large selection of colors to choose from you can have a very fun floor for a very forgiving price!
Make sure you are purchasing from a reputable manufacturer that offers good warranties.