First of all, what are your plans as far as buying LP’s (please don't call them "vinyls". Records is fine ;-)? And what music do you like and listen to? If your disposable income limits your LP budget, and you are intending to buy only new LP’s, assembling a music library is going to take you quite a while. A lot of LP enthusiasts have been so for a long time, slowly building a library over the years. Are you young enough to start now?
As far as gear upon which to play LP’s, unless you stumble upon an amazing deal (a yard or estate sale) $379 ain’t gonna cut it. A good record cleaning machine (a virtual necessity for used LP’s) alone will cost you at least that much.
On the other hand, if you have a local source for cheap used LP’s (and the music you favour is available on them), you can get a quality "starter" record player for maybe $500. A used Rega or AR ES-1 would be good choices. Add A Schitt Mani phono amp and a Record Doctor cleaning machine, and you’re in business! As others said above, figure a grand to get started.
If you’ve never experienced the LP phenomenon, be forewarned: it is addicting. ;-)