Definitely get what you pay for but there is this $50 led projector that plugs in HDMI, its very much a case of you get what you pay for but it fuckin looks sick for Milkdrop or as ProjectM as I use it with my chromebook or raspberry pi. But with the cheap projector it has to be absolutely pitch black dark.
But what you are looking for is just a red green laser projector. I would say just look at on eBay who is selling the most and even buy straight from china if it cuts the price down which is always does. I but lots of stuff from china off eBay and it comes quicker than some us sellers to be honest.
Gotta make one. Luckily there's a very good instructables. Or you can buy a smaller one from thinkgeek