There are Pro-ject's that are in your price range for a seond hand price.. But the sound is just really mediocre at best, I really wasn't too impressed.
As for the Musical surroundings Phonomena, it is a decent phono stage that I run in my system too with a lot of flexibility for MMs and MCs carts. It is a lil bit on the dry side though but the detail is fairly clear on it. I'm running my dynavector cart on it. It'll run from about 3-350 or so second hand.
The other good thing too is that apparently the 9V power supply that goes with it too is supposedly be a drastic improvement compared to the AC adapter. But I haven't had the money to buy that one yet or maybe even sell off mine to someone that has it.