If you want Eighth Nerve (or Michael Green for that matter) type traps, all they seem to be are a triangle of cloth. Inside on one face is a sheet of paper. On the other side is fiberglass. AFAIK. Yes, I do own some, and I was quite disappointed when I received them in person.
Otherwise, the cheapest effective traps, good for first reflection points only, are these:
http://www.atsacoustics.com/cat--ATS...nels--100.html
However, these guys have a proven track record of slandering their competitors by making multiple screen names and trolling on many forums.
The most effective and cheap trap, I would say is Gik Acoustics:
http://gikacoustics.com/
Measure great, perform great, very affordable, only a few bucks more than ATS. They will be coming out with diffusors soon.
More effective and more attractive but still more or less affordable are Real Traps:
http://realtraps.com/
Work great, look great, but are a lot more expensive. Still affordable unlike RPG stuff. They also have new diffusors.
This place only sells diffusors, but they are very affordable, considering:
http://www.srlaudio.com/
They did this custom studio for George Massenburg
I'm personally waiting for gik to release their diffusors before I make a decision.