Escort GT/Tracer LTS/Protege LX/Escort LX-E
AE92 Corolla GTS (Yes, you can find them in that price range)
Neon
4th gen Celica GT/GTS
Dual Cam Saturns
Paseo (these are hilariously fun cars)
I think finding an EG hatch worth anything for $1500 will be hard. At least it is around here. Them there ricers snatch 'em up.
But really... the Escort GT idea will get you a LOT of car in the $1500 range. That's pretty much mint low miles no rust range. And they're deceptively quick. Probably the fastest thing listed in this thread.
1992 Celica GT (FSP), 1993 Ford Escort GT (HS), 1990 Mazda MX6 GT Turbo (13.27@118mph)