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I fully appreciate budget is a consideration, but there is a good reason why some mics are $30 and some are $5000, and everything in between.
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Actually there is ONLY ONE REASON. The components are more expensive! That's it. Sometimes more expensive is "better". Many times it's not. There is a reason why the SM57 has been used on snare tops and guitar cabs on a million classic records.
Here's an article I wrote a few months ago.
Microphones Don't Make THAT Much Difference. (If it's not cool me posting links to my own site just let me know).
I own a $2500 microphone (Soundelux U99). I use 57s and MXL mics all the time.
Brandon