You can certainly find a Lamson Radius for that price range or, perhaps even better, a Teton Tioga. The Tioga Teton is a terrific reel with great guts. I have landed a nine pound steelhead on a five wt. with a Teton 6 and it performed like a champ. Remember that for a whole lot of trout fishing, unless you are going for bigger fish in larger rivers, you may rarely actually use the drag. I find that I am often fighting fish just by managing line and never actually getting the fish on the reel.
Nick in CA