I don't think you'll find what you want in that price range unless it is at a flea market or yard sale. If you buy one at one of those type places make sure you plug it in and test it before you fork over any money. Check the adjustments as best you can without having your workpiece in your pocket.
There are also "jigs" or kits made to turn your hand-powered drill into a press type operation. Maybe you can make that work with some good old-fashioned ingenuity.
What I mean is that you can make a regular non-adjustable table work if you put some triangular wood blocks under the workpiece. Starts to get very cumbersome if you need multiple angle setups.
Harbor Freight sells cheap knock-offs that work pretty well. I get most of my power/air tools from them because they are cheap. I don't use my tools for work so it's hard for me to justify buying top-of-the-line with my wife! This one is a little more expensive than you are looking for but sometimes they have things in store that are even cheaper than online.
They are in OK too- not sure how far away you are from the store. Funny thing about Harbor Freight- you can usually ask them if the item you want is going to go on sale soon and usually they do about a week or 2 later! Not sure why that works but it has been my experince.
I just bought a drillpress at harbor freight in Wisconsin for $43.
It has a light on it 5 speed, 1/2" speed chuck, and runs great for what I use it for. It was on sale, but that happens all the time .
If you have a dremel you can buy an attachment for it that is a drill press from Sears for $20-$25 works great for the little stuff. It doesn't let you use a bigger drill bit though.
A Dremel is a consideration. I would have far more use for a Dremel than a bench top drill press. In fact, I saw a Dremel set at Lowes for $75, it was some kind of anniversary special. What do you consider a bigger drill bit ? I doubt if I ever use over 1/4 " bit .
This would be far more versatile than the drill press. I could justify spending more money. Now, how much money do I want to spend on a Dremel ? Just the basic tool or a set with a lot of accessories ?
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