I'd look into Kerry's offer above.

But aside from that, I'd look inot TFO rods. Best price vs quality you'll find.

For reels, i like Pflueger Medalists in the rim control model. At around $30, you can't go wrong. They last forever and have been the reel of choice for many veteran fly fishers for decades.

For under $300, you can have a quality outfit that should last you many good fishing years if you go TFO and Medalist. Spend a few extra bucks on a good line or even a couple of lines (put the second line on another $30 medalist).