This should probably be posted in the Dedicated Source forum, but not a huge deal. You just might find a few more responses there.
When I was looking to get into vinyl, I came across this thread:
http://www.head-fi.org/t/228059/low-budget-vinyl-source
It's extremely helpful at identifying some quality sources that wont break the bank.
Don't forget that you'll also need a preamplifier.
Edit: I did a little searching... some of the models on that list are available on ebay. Some are a bit on the pricier side for your budget, but still not too bad.
Edited by CC Lemon - 1/30/12 at 2:55am