Something in the .223 (or 5.56), .243, or .270 range would probably be the cheapest that would get you quick kills. These do represent a danger to neighbors though as the rounds can kill out to about 600 yds and will travel 1 1/2 miles.
A .22 would kill them but not quickly unless you can get within 75 yds and are good enough for a headshot.
A .22 would kill them but not quickly unless you can get within 75 yds and are good enough for a headshot.
How about a 22 Hornet? About 4 times the energy of a 22 LR, but half or so of the normal full-size small centerfires. Even a 22 WinMag would be a step up from a 22 LR. I'd think that'd give you more range on the coyotes but still be safer for the neighbors.
The .270 is designed to fly very fast and with very a flat trajectory - something it does very well. Large game - long distances.
The better option is a reliable platform in the .223 - .243 range.