Pattern front wheel bearing kit £40. If you're good with the spanners then I'd DIY. Otherwise reckon a couple of hours labour
New aftermarket bumper £70, plus cost of spraying.
But it's a 15 year old car I'd just sort out the tyre and wheel bearing, just make sure the bumper won't detach by putting in an extra bracket or bolts in the right place
And/or OIL IT. This will significantly prolong its remaining life, assuming there is a significant amount of metal remaining.
If you apply vegetable oil (say with an old tooth brush if there is access) when its dry it'll be fairly persistent. Do it again in the spring.
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