Favorites: Canon P Rangefinder
Background: I have a really special place in my collection for the Canon P. This minimal and extremely well-built rangefinder would really stand out in Canon's current lineup of rounded digital SLRs and ergonomic point and shoots. Back in the late 1950s, Canon and other Japanese camera makers were challenging German camera brands at their own rangefinder game.
The Canon P is a hunk of a camera. In terms of quality and design, this for me is the closest rangefinder contender to the M3. It has simple and elegant lines and a film advance that is very smooth. My only major knock is that it is a bit heavier than the M3 and doesn't have the higher end finish of a Leica. Specifically, the M3 has a cleaner designed film holder and viewfinder. The Canon lenses for this camera really rival similar era Leica's as well. If you're looking for a great rangefinder and don't want to spend more than $500 I could not recommend another camera better than the Canon P.