Depends on how much you want to use it/how big of holes too. My setup is just for a few around the ranch projects, so it's not a big deal if it breaks or is slow and I'm only doing 18" IIRC.
I made a frame that it pivots off of with a limit range of motion and then have that pined to the bucket linkage - not sure I'd want to have it just free swinging since then you have to always have the stick out or have some way of tying it up manually to move the tractor. Using my setup I can fold it most of the way up and move without much trouble without getting out of the seat.
I'd find a cheap 3 point setup and use that - find a cheap hydraulic motor, build a bracket and some chain to hook it up to the old pto input and then just need to hang it off the stick. Should be under $1000 if you can used stuff. Mine I think was something like $150 for the auger head, 150(maybe) for the auger and some scrap steel for the brackets. More for the hydraulics, but shouldn't be too pricey. Having remotes on the tractor is also nice for other things - I use them for a hydraulic thumb as well which makes the rig very useful.