I agree with davidpaulleague. I got back into vinyl by picking up a Yamaha YP-128 (or some such) at a garage sale for $2. It looks like it may be a rebadged Technics SL-BD20D. Whatever it is, it really sounded pretty dang good. I have the good fortune of having an '80s-era Amber 17 preamp to plug it into (got it at a pawnshop for $130), and its phono section has a lot of jump. The Grado and Audio Technica P-mount cartridges are certainly good, and to that group I'd add the Ortofon OMP-10. Its price is right in the same neighborhood with a list of $69. It's very clean and yet smooth, and is made to track at 1.25g, which will be very easy on the records. The OMP10 gives you a cartridge upgrade path as well, because it will accept the stylus replacements for the OM 20, 30, or 40 as well.
I also recommend two very reasonable tweaks which make this turntable sing: One is to get a set of Vibrapods ($24 for 4) to place under the turntable feet. This drops the noise floor and cleans up the upper bass. Second is to get a decent turntable mat. I got an anti-static felt mat for $15, and it also improved dynamic range as well as reducing ticks and pops.
I also recommend two very reasonable tweaks which make this turntable sing: One is to get a set of Vibrapods ($24 for 4) to place under the turntable feet. This drops the noise floor and cleans up the upper bass. Second is to get a decent turntable mat. I got an anti-static felt mat for $15, and it also improved dynamic range as well as reducing ticks and pops.