Fit is the most important facet. You can spend more, but cheap suit and tailored correctly/cheap bespoke suit <$500 will always look better than a poorly fitted suit that is $800+.
You can also address inexpensive via accessories by pulling the attention away via the belt, shoes, tie, pocket square, dress shirt etc. I've been to a few weddings where the groomsmen had matching <$300 tailored well fitted suits from H&M or wherever and it didn't look jarringly out of place at a wedding.
One thing to consider is to talk to a tailor first. Get pre-measured and ask them what size they recommend you purchase off the rack that would be the most appropriate base for tailoring to your specific build.
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