I used to live in a studio (high ceilings) in Chelsea, Manhattan. I paid 500 for a projector and you can use almost any speaker. You can get a good one for 500

I used to live in a studio (high ceilings) in Chelsea, Manhattan. I paid 500 for a projector and you can use almost any speaker. You can get a good one for 500 these days. So the whole cost is 1000. The speaker need not be very loud and one empty wall (or a white screen) is all you need. The image was amazing and the size huge. The projector was in my bookcase, on one of the shelves. Sometimes I'd get lazy and use the projector speakers and it was fine. The projector-wall distance was no more than 5m. A short throw projector can work with even less distance. So absolutely doable in a small space. I'm never going back to a regular TV.