Help with 27" monitor upgrade

Looking to upgrade an old 22" monitor.

Was going to go for 24" but Mrs suggested 27" so the kids can comfortably watch movies on it. Would like to keep to lower 1920 x 1080 resolution so I don't have to spend too much keeping my graphics card up to date when gaming.

I've read IPS is the way to go though I'm not going to get the chance to experience the different monitor types first hand.

As I'll use it for gaming a reasonable response time would also be ideal (2 or 5 ms?).

Am on a tight budget and looking around $300.00 though I'm not sure if that's really possible to get something OK at this price?

Any recommendations or experiences??

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