Don't be put off by the price
My first saltwater outfit cost me less than $150 and a lot of what I use now is not worth a whole lot more.
I started with a bottom of the line St Croix 9wt rod, a Medalist reel, and a Cortland 333 intermediate line.
I would not recommend the Medalist as they were never meant for saltwater use and require daily maintenance, but I still use the 333 lines.
As for a rod there's lots of deals to be had if you look out for close-outs.
Rods and reels do not become obsolete, only the marketing used to sell them
Last year I bought myself a 10' 8wt that I like very much for the close-out price of $25.
Albright recently had a huge close-out sale, I don't know if it's still going on.
Getting a deal on a decent reel is a little harder to do.
A quick look a Sierra Trading Post showed reels from Ross and Redington and I got an email from fortackle.com yesterday.
They had some bargain priced close-out reels too
Look around, you'll find some decent gear you can afford