Would a starter be cheaper?
Yep. That is one of the reasons I use a starter (the other being it helps ensure the yeast is in good health before pitching).
I use Wyeast smack packs which are usually around £8.99 each. I'd normally need at least two of these to hit my desired pitch rates.
When making a starter I use a touch over 100g of DME, which is about £1.