Just a word of caution. Going cheap into any new hobby can sometimes be less than helpful. Getting a rod you can't cast or a bottom of the barrel set up can frustrate to the point that the hobby is quickly given up. No need to buy top of the line equipment but if you are serious about getting into a hobby (flyfishing I guess could be called a hobby) then talk to some folks who are knowledgeable or get with a salesperson who is truly helpful about getting you set rather than trying to just make a quick sale.
But then you probably already knew this or you wouldn't have asked.