low-cost

[loh-kawst, -kost]
adjective
able to be purchased or acquired at relatively little cost: low-cost life insurance; low-cost housing.

Origin:
1930–35

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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WordNet
low-cost

adjective
that you have the financial means for; "low-cost housing" 
WordNet® 3.0, © 2006 by Princeton University.
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00:10
Low-cost is always a great word to know.
So is flibbertigibbet. Does it mean:
a fool or simpleton; ninny.
a chattering or flighty, light-headed person.
Example sentences
Well, it's cheap and readily available, and low-cost ice models could help
  inventors design products more quickly.
With its new focus on low-cost handsets, the industry is doing its part to
  extend access to communications technology.
The long-term goal is to fabricate the device using conventional low-cost
  roll-to-roll printing.
So here's a low-cost plan, even if it won't win envy points at the country club.
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