Two high bright white LEDs *should* set you back less than $3 each, a very simple constant brightness circuit can be made from several diodes which cost something like 7c each. Little bit of wire and some heatshink or insulating tape to keep things isolated, and the whole project would probably cost less than $10...
You only get what you pay for, if you buy a $40 decoder and two LEDs you can have some rather fancy effects (mars lighting, gyro lighting, dimming etc) and it's cost you less than $50...
Depends on your budget, nothing is free, but not everything is expensive...
Remember you don't have to do all your locos at once!