Jake, I don't know what you mean by an "arm and a leg" (i.e. what your price range is), but spindles are expensive. You can fairly commonly find 5C collet spindles on eBay from firms like Dunham. They'll be circa $700-900, but should be very nice spindles with sealed precision bearings and so on. If that's too much, you will probably have to look at making your own spindle.
I have toyed with that idea, even the idea of making one based on bronze sleeve bearings, which would be a lot easier machining job. In the end, I bought a Dunham spindle, which I intend to use for a 4th axis project.
Best,
BW
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