Among the least expensive options is acoustic foam.
http://www.thefoamfactory.com/acousticfoam/acousticfoam.html
I'm told it's not as good as fiberglass and wool, but at a fraction of the cost it can be "good enough".
http://www.thefoamfactory.com/acousticfoam/acousticfoam.html
I'm told it's not as good as fiberglass and wool, but at a fraction of the cost it can be "good enough".