I've currently got a Fluance RT81 that cost me about $250. Has a built in pre-amp, and I hooked it up to some Logitech shelf speakers with a sub that cost about $150 (I also use them for my TV). Nothing super fancy but as I'm just getting into this I'm pretty content. I haven't had any issues with the player and all things considered it sounds pretty good, looks nice, and won't chew up my records.
Will I get better audio quality by just listening to FLACs with a good set of headphones? Probably. But for me I'm more interested in owning real physical versions of my favorite albums and the experience of playing them on a turntable. The whole process of playing a vinyl record gets me to slow down and really focus on an album more than when I just queue something up on my phone, so even if my set-up doesn't result in the highest quality audio possible, I'm still happy with it for now. If I get more serious about it in the future, I'll upgrade.
And yeah, keep your turntable away from the speakers! I had mine between the two shelf speakers for a while and even that seemed to cause some feedback at times.