Some of my favorite rifles are pretty inexpensive, but none are cheap rifles.
If I had a 770, no issues that it would work well for hunting. If I was looking for that price range I'd keep looking.
I've got a savage 111 I think in 25-06 and an edge in the same caliber ($200 screaming deal on GB). I'd have no issues recommending an edge. Except for the trigger that I'll work someday, great shooter.