Low Cost Design
There are plenty of low cost designers available but you do get what you pay for.
I think you should first consider what you think the result will be of having a new logo design. Are you going to use the design for instance?
Logo designs don't work unless you use them - if you use them, they are a way of generating higher profits for your business by using them in brand marketing.
That's the whole purpose of having a logo design - if you don't use them and your brand imagery as part of a marketing strategy, there is no point having one at all. Or no point having a decent one.
If you are going to use it in your marketing - then it's not going to work well for you (generating more sales at a higher value) if your company identity isn't well thought out and professionally designed.
More about that at
Free ebook on branding today - all about 'higher profits' through proper identity design.
You may also find this an interesting read;
Truly Ace Graphic Design Blog
Best Wishes
Amanda