First off, yes it is a rifle. So you can buy it at 18. However, the way it's designed, you're pretty much looking at shooting tin cans at 10 yds. You will not get good accuracy beyond that. Next question is how much do you want to spend to shoot. 9mm will run you about $7 per box of 50.
I will echo everyone else's suggestion to get a good .22 lr. Very cheap to shoot and it will retain good accuracy.
If you are looking for something with a little more oomph to it, you can buy some good carbines in .223 rem. You might be able to find an Armalite clone (AR-15) for about $600 used, or a Ruger Mini-14 for about $400 used. .223 will run you about $60 for 300-500 rounds depending on quality.
Cliff Notes:
1) Said carbine is pretty much useless
2) 22 lr is a better choice
3) .223 carbines are a viable option
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