My cheap deck of choice is still a suggestion for the AT LP5X (£299 here in the UK from Richer Sounds at least) and another ton will buy you a VMN95ML stylus as an upgrade as the higher fequencies really do benefit with this stylus type in the VM95 body. It looks Rega-like, the direct drive at least should trounce a Rega 1, 2 or 3 and it looks similar if you squint a bit
My Rega of choice is the 6/Neo and for neutrality, a 2M bronze (special slimline version) rather than one of their newish home-made MMs which haven't been properly tested yet other than some gushing subectivist opinions comparing with the godawful dull-as-ditchwater previous models they did (Elys 2 and Exact 2), but the price even here on the home market, is 50% or more expensive over the evergreen Technics SL1500C/2M Red, which is still what I'd call the 'sensible bod's choice' that almost certainly will see us out.
Use with lid OFF and the deck very carefully sited to prevent feedback, which starts WELL before the inevitable howl-round
Spending any more over the Technics above, even to the SL1300G or whatever it's called, is a bit of an anal money-pit hobbyist pursuit I'd suggest (and yes, I once lusted after the SP10 and descended models).
Vinyl CAN sound very impressive, which is more a criticism of our hearing abilities not being as good as we audio-peeps like to think they are. For decades, it's been as much about the RITUAL of playing a record, cleaning old ones (a good proper wet-n-dry record cleaner is a must if you want to take it really seriously as a major rather than occasional source [do as I say, not as I do - cough-]) and physically handling the disc and player.