There really are no cheap options options in Telluride. The cheapest are usually package deals that include lift tickets, because at $94 a day it is expensive just for the skiing. Check out Ridgeway, which is about a 30 minute drive. It is considerably cheaper, and they used to have a deal that you would get a voucher for a half price lift ticket for every night you stayed, but don't know if that is still going on. Other than that, just call T-ride Central Reservations and ask them a for the cheapest place possible.