There are 2 artists/bands called Low Budget. 1. Low Budget (Hip Hop, AUS) Since their emergence in 2005, Low Budget has established an enduring presence on the fickle Australian hip-hop scene. Following the widespread buzz generated by their self-released mixtape in 2005, the group’s jazzy debut album Magnasound was one of the surprise success stories of 2006, drawing universal enthusiasm and praise from critics and fans alike.