Yes, you need a phono preamp otherwise known as a phonostage. Given that your other components are so inexpensive you might search E-bay for an older Radio Shack phonostage. They can be had for ~$20. Audio Technica made one that was selling for ~$50, you might search for one of those. I don't remember model number.
If you are willing to spend more, Schiit Audio sells on for $129 that is highly recommended at that price point. You can also check out Needledoctor online.
If you are willing to spend more, Schiit Audio sells on for $129 that is highly recommended at that price point. You can also check out Needledoctor online.