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5 String bass?

At the price point which you are in, just about any five string will be a decent purchase, even if you outgrow it at some point. Better to buy and try and enjoy, than to hold out for a truly awesome instrument. I say this, as most low-cost basses are reasonably playable and shouldn't in and of themselves discourage you from experimenting further with a 5-string bass.
 
Used should be less than $300, closer to $250. Great passive bass, even sound from string to string. Action can be made super low and the B string is better than most basses in its price range and even many more expensive ones.
I had one and sold it, the only bass I regret selling. Also the Squire Affinity Jazz 5 string is a lot better than people think. If its set up properly it plays and sounds much better than the price would indicate.
It has the true jazz bass sound, just not as refined as the more expensive Fenders.
 
If you can scrounge up $50 more bucks, the Invalid Link Removed is a great bass that's this low because Yamaha can't market their "rock" bassist out of a paper bag and is discontinuing/clearancing this model... as they've done the last 2-3 RBX models previously, which were also great basses. A bunch of users here have picked up either the 4-or-5 string at the low price and have reported that it's a very good bass for the money. I had a pair of RBX-775 fretted and fretless basses that I purchased on clearance as well, and they were my main basses for over 4 years and a great deal helpful on leading me in the direction of what I wanted my tone to be (modern Jazz Bass-esque) and I can't say enough about Yamaha quality, whether a "starter" bass, midrange such as this, or their high-end TRB-series.

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