You know, I've seen a good number of Tech SL1200s that look dead...and are. I've seen plenty AR Turntables that look dead...and not only play, but sound pretty good, too ;) See if you can find an AR with something other than the stock arm--ARs with Linn, SME, Premier MMT float around from time to time for good deals--you'd have money left over to get a decent cart for it. I found one with a Linn for $35 once...gave it a little TLC...and it worked like a charm for a good while until I got my Gyro in December.
Otherwise, can't go wrong with a Rega. Good suggestions above. The MMF-5 is OK, but I personally prefer tables that are more mod/upgrade friendly...for when you get the itch ;)