Hi finally getting a turn table! I have a NAD 356 amp with totem Sttaf speakers. What do you recommend to go with this setup and similar price point?
Your budget is a similar price point to what? The amp or the speakers?
Its just not the TT you have to consider. The cartridge is equally responsible for the final result. And your NAD C356 does not have a phono stage, so you you have to budget for one of these also. And this is just as important too.
$500 is just the entry level with new TT's these days and you get what you pay for - these decks would end up being the weak link relative to the rest of your gear.
So I would set your budget at or around the MSRP of your speakers. Besides the Rega RP-3, also look at the VPI Scout Jr., Clearaudio Concept, Sota Comet, Music Hall 7.3 and the Pro-ject Classic.
Good MM only phono stages can be found starting around 200 bucks such as the Pro-ject Phono Box S, NAD PP4, Musical Fidelity V90LPS up to the Graham Slee Graham Amp 2.
Good luck and have fun. Vinyl can be very engaging and sound amazing when done right.