I love the Ikea crib. Simple, safe, all you need for a baby / toddler. We had a fancier crib for our first, but it was way less durable and failed during the toddler years. For clothes, it helps to know other people with similar aged children; we've traded clothes back-and-forth with a whole circle of people. Kids also don't care if they're wearing hand-me-downs :)
Best part for us about the Ikea crib was when we moved to a different country, we just bought an identical one and our daughter instantly went "Sweet, my bed is here!".