The choice of "good basses" in your price range is a probably the best it's ever been.
As mention above, in "the good old days", "cheap" meant poorly made. Now you can pick up good basses for virtually nothing - the list is extensive - Revelation, HB, Yamaha, Sire, Squier, ad infinitum.
If I was starting over again I too would be overwhelmed with what to buy - lots of recommendations for most of this gear - just a case of choosing one and jumping in.