This OE-type fit Bosch O2 sensor is $86 if you order online, use discount code
VISA, and pick-up in store. Bosch is probably the manufacturer of the OEM O2 sensor.
The rear O2 sensor has nothing to do with the actual operation of the vehicle unless the upstream O2 sensor has failed, in which case it takes over. The rear O2 sensor is primarily to check the efficiency of the catalytic converter.