What will the Pencil be used for?
I just use mine for note taking and I went with the $60 Logitech Crayon. Unlike the Apple Pencil 1 & 2, I can use the Crayon on an iPad released in 2018 or later.
The $329 iPad 9th gen is a very good entry level option. I'm getting one for my mom to replace her iPad Pro 9.7. She gets the upgraded front camera with Center Stage while keeping TouchID/Home button and headphone jack. It's on sale now for $299 at Amazon and some other places but it's entirely possible we get better deals on Black Friday.
Last year was pretty unusual but the years before that (2018, 2019), the basic 6th gen & 7th gen iPads went on sale for $229-249 Black Friday/Cyber Monday.