Hi Vanessa, have you ever considered second hand? A Jasmine Heirloom quilt frame, hand made, made by the old owner (before 2003) is a great frame that gives you the non basting option. Second hand available for 150-300 dollars, check Craigslist. Then you have a quality item within your budget.
I own one, and I love it! It even has her own name ;-).
Just my two cents!
Good luck with finding your best option.
Have fun quilting,
Anymart