Well, there's Velour by Bernat. I'm not sure of the price though... It may be cheaper that Velvet spun; at least, I guess the price would be comparable.
I can't say I reccommend it though -- I hated working with it. The fuzz fell off, and ripping back if you make a mistake is terrible because, well... the fuzz falls off, leaving you with "yarn" that vaguely reminded me of a poodle with a really bad haircut. And my cast on tail... it didn't just shed... it disintigrated.