It depends by whom. I'd say Roll it Over by Oasis (or Oasis in general) is very underappreciated in the prog/musical snob circles. :P
ugly nostalgia By Haley Labs.
Underated because some are blinded by (Stareotypes)
Aparently this artist is the childhood of ytmv meme folks. Also, creator of Rubber band, the penis music meme song.