Crank baits vary widely in weight and resistance when retrieved, so ... in keeping with your $150 budget, I'm not going to suggest two rods. Instead, I'm going to presume that you'll be tossing something in the middle weight range, like a Wiggle Wart or Strike King XD3.
My favorite midsize cranking rod by far is the Denali Kovert series 7-2 MH Crankbait model. It has a moderate tip action (a bit limber) for making long casts and helping absorb the pressure of a bite so you don't pull the bait away from a fish, but it also has enough backbone to handle a large fish. I pair mine with a Lew's BB1 reel (6.4:1), which is not a $400 team reel but neither is it a bargain bin model. It's very important that your crank bait reel is capable of casting a long way, as the farther you can throw it, the longer it will stay in the "strike zone" during the retrieve. I love the old P-Line CXX mono in 10-lb test for cranking. It's plenty tough while also being small enough in diameter to allow for those all-important long casts.
Denali Rods - Kovert Winn - Bass