Well, as with any ghetto setup you can simplify or complexify your system according to your ability to invest or improvise, but a basic setup is like what's shown in this instructable:
http://www.instructables.com/id/Making-A-Fridge-Compressor-Into-A-Vacuum-Pump/
The main money spent will be on a gauge (if you think it's required, these pumps pull right up to 28mmHg so you may not feel the need for one) tubing and a switchbox/electrics so as not to have a straight mains cable going into the pump.
When I put my system together (currently disassembled in a box somewhere,
else I'd post some pics) I had an electronic adjustable vacuum switch tied to a 12/240v relay along with the gauge on a ballast chamber so I could adjust the level of vacuum accordingly, but this isn't really needed here.
e: here's a pic of the vac chamber at least:
From what I've read up on since posting, I don't think a quick drop to vacuum is required, so even a chamber and tap aren't needed for a really basic setup, just the main vacuum chamber, hose and a pump.
I hope I'm helping out here and not muddying the waters further, but this has been a standard cheap way of getting a vacuum in other hobbies I've been interested in, and it seems like a pretty decent solution here too.
Oh, and one thing to be careful of - the tennis ball over the outlet that the guy shows in the instructable is
essential. Otherwise fine mineral oil mist is sprayed out of the outlet.