One of my long-time faves (probably 15 years!) has been Clinique's Almost Makeup ($19.50). Sheer, lightweight, non-oily, this is pretty fabulous. I have relatively sensitive skin, and never experienced breakouts or extra oil while using this product.
It even has an SPF of 15.
I have always purchased the Light, which used to be the lightest shade- but it looks like they have even more colors available now so I'd probably stop by a counter and see what shade works best before I purchase again. If you can time your purchase with a GWP (gift with purchase), even better!
Application is super easy- I typically use a damp sponge. However, I have recently been using a damp foundation brush and like that as well and it seems more sanitary.