I assume you've gone through this document, then:
http://www.buildingscience.com/documents/reports/rr-0509d-crawlspaces By "inexpensive", just how cheap does it need to be?
Using recycled or factory-seconds foam board you can cut the material cost by more than half. (If you can't find it locally, see if insulationdepot.com has anybody working your area.)
Using unfaces EPS or fiber-face ISO instead of XPS for crawlspace wall insulation is also just fine. (Don't use foam board with poly or foil facers though.) Sealing he seams& gap with caulk/tape/spray foam isn't a huge expense. If there's a lot of it, buy a proper foam gun for 1-part foam and use the 22oz+ cans, not cans from the box-store. (EFI sells it online, as does Grainger, if you can't find it elsewhere.)
If there are any combustion appliances (gas/propane/oil-fired water-heaters/furnaces/boilers) in the crawlspace, you DO need to make provisions for combustion air however. This might require you to reduce, but not eliminate the size of the crawlspace vents, but in many or most cases a properly sized grill to the condtioned space above can work, which will usually be more efficient. Some amount of air communication between the crawl an the living space will be required in any case (burners in the crawl or not).