I have a Jet mill-drill I bought new, exactly eight years ago, and it cost more than $2000. It takes R8 collets, all standard table hold-downs and fixtures (besides the ones you make for yourself). However, the speeds are changed by moving belts, there is no back gear, and of course the table moves only X-Y, not Z. I LOVE it.
That said, it is still over your budget, so I have to go with most everyone else and say that you should find a used one. A little-thought-of source are widows of handymen and machinists, who simply want the machine taken out of their basements. You could get really lucky. A guy I used to work with got ALL his stuff that way, and he only had top-notch machines.