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Now that Oculus have released their official recommended hardware for the Oculus Rift. Many of you may be considering building or purchasing a new system. To help you out I have compiled a decent system that meets the recommended Oculus hardware for around $1,000. For about $1100 you can add more storage and the flexibility of a DVD drive. For $1275 you can step up to the GTX 980 from the GTX 970.

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Recommended Hardware Build For Oculus Rift CV1
CaseCooler Master Elite 430 - Mid Tower Computer Case $49
PSUSeaSonic G-750 SSR-750RM 750W$110
MoboGIGABYTE GA-Z97X-UD5H LGA 1150 Intel Z97$175
CPUIntel Core i5-4950 3.3GHz$199
CoolerCooler Master Hyper 212 EVO - CPU Cooler with 120 mm$30
GPUEVGA 04G-P4-2974-KR GeForce GTX 970$320 
RAMG.SKILL Ripjaws X Series 8GB (2 x 4GB) 240-Pin DDR3$46
Optical DriveSAMSUNG DVD Writer$20
SSDCrucial MX200 CT250MX200SSD1 2.5" 250GB SATA 6Gbps$90
HDDSeagate Barracuda ST1000DM003 1TB 7200 RPM$51

Good enough (Without Data Drive (HDD) and DVD Drive) *$1019

Better (With everything above) *$1090

Best (With GTX 980 for $485) *$1255

If you don't want to build a PC you can purchase a pre-build PC exactly the same as Oculus use for their Demos which is the Falcon Northwest Tiki for around $2,000

*Note: I assume you already have a Windows license. If not, you'll need to purchase a new Windows license for $99