You might look at the Anthem MX700 receiver. It does not have a phono stage, but you could easily add one and be below your budget. Have not heard it, but the Anthem gear is generally believed to have much better 2 channel sound than the mass market brands. If you wanted to you could also add a better 2 channel amp just for the fronts using the pre-outs. If you do that, the MX500 may be a good option, assuming it has pre-outs.