Low Price, Cheap
noun, な adjective
Buy something at bargain value and you'll be getting it at a really low price. Good for you!
れんか
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.
廉価版のゲームのパッケージって安物感丸出しだよな。
The game’s popular edition packaging feels cheap, doesn’t it?