Maybe some are not the lowest of budgets, but:
Evil Dead
Red Dawn
Return of the Living Dead
Heathers
Repo Man
Buckaroo Banzai
Rambo: First Blood
Fast Times at Ridgemont High
WarGames
Conan the Barbarian
They Live
Re-Animator
From Beyond
Bruce Campbell in Evil Dead-one of the greats and still a favorite actor of mine.
Heathers: Great movie, crush on Winona, junior year of college, good days.
Repo Man: My favorite movie on this list. Loved the soundtrack.
Fast Times of course! "Just having some food, learnin' about Cuba."
Conan with Arnold and the unheralded, as an actor, Wilt Chamberlain. Saw it at the theater twice.
I should find all of these on DVD. I only have Fast Times right now. Good list!