Speakers and TT for NAD 3020 Micro-Budget System?


I am a complete stereo newbie and I was looking for some guidance on building my first micro-budget system. I recently picked up a NAD 3020 off CL for $40 in mint condition. I am looking to match speakers and a TT to this system. I have very little money but was looking for something that sounds musical and is tolerable - I'm not interested in a perfect sound experience, just to enjoy listening to records.

My budget is about $400 for the TT and Speakers. I could push it up to $500 if there is a real upgrade in performance. The room is a very small NYC basement apartment. Approx 10' x 10' with low ceilings. I primarily listen to rock with some jazz and no classical. This system will be used almost exclusively for listening to vinyl and that is the primary focus at this time.

I am very happy to purchase used. I know many of these threads conclude with "here are some good ones, you should listen to them" but this is simply not going to happen. There are no used hi-fi stores that I am aware of in my area and anything I buy will more than likely be shipped from far away. I would most like to hear something that you would personally be pleased with in this price range with these specifications.

For speakers there seems to be a consensus that Paradigm Atoms and Mordaunt-Short MS 10s are legends in this category. For TTs, I am thinking of a used Music Hall or Rega entry-level or a vintage Thorens (one of the less coveted older models like a 115) or Marantz that has been cleaned up.

Thanks in advance for reading this and for your help! This is a very intimidating new world and I appreciate all of your expert advice.
powersofi
NAD 3020 for 40 bucks nice!!! As for a table a Systemdek would be a good choice. I've seen them for under 300 here on Audiogon. I have one and it's a really well made and sounds great, even compared to my megabuck table it's not terrible. Though I think you should just keep hunting around on CL and maybe you find a steal on something like you did the NAD.
I'm considering a Linn Axis that has popped up on CL locally. Asking is $300, it sounds like the table is in decent shape but will need a replacement belt and the cartridge replaced. Any recommendations as to a cost-effective replacement cartridge for this table? Does this sound like a good deal? I of course have to verify the condition in person but this sounds like a good shot.
Now that your speakers have become a "gift," and your turntable budget has expanded, I would seriously consider the Rega P1/Ortofon package. Easy, great sound, and a wonderful way to enjoy your records with your NAD's phono stage. It's a good idea to start out in our hobby with analog that's as "stress-free" as possible, and a new pre-packaged TT is a good way to go. Good Luck, and Happy Listening !!
Just a follow up...I ended up with a Dual 505-2, recently serviced and refurbished in very good condition. This combined with the NAD and the speakers has resulted in a massive improvement and a great sounding turntable setup. Obviously the first upgrade would be the TT, but I am very happy with the Dual so far. A very big thank you to everyone who offered advice and guidance.