Yes, cheap is in the scrabble dictionary

...and is worth 13 points by itself.

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Cheap Definition

adjective

Achieved with little effort: a cheap victory; cheap laughs.
from The American Heritage Dictionary of the English Language, 4th Edition
Charging low prices: a cheap restaurant.
from The American Heritage Dictionary of the English Language, 4th Edition
Devalued, as in buying power: cheap dollars.
from The American Heritage Dictionary of the English Language, 4th Edition
Obtainable at a low rate of interest. Used especially of money.
from The American Heritage Dictionary of the English Language, 4th Edition
Of or considered of small value: in wartime, when life was cheap.
from The American Heritage Dictionary of the English Language, 4th Edition

idiom

Cheap at twice the price Extremely inexpensive.
from The American Heritage Dictionary of the English Language, 4th Edition
On the cheap By inexpensive means; cheaply: traveled to Europe on the cheap.
from The American Heritage Dictionary of the English Language, 4th Edition

adverb

Inexpensively: got the new car cheap.
from The American Heritage Dictionary of the English Language, 4th Edition

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Top Words by points

Points

cheap

12

2 letter words with CHEAP

Points

ah

5

pe

4

pa

4

he

5

ha

5

eh

5

ae

2

3 letter words with CHEAP

Points

cep

7

peh

8

pec

7

cap

7

pea

5

pah

8

pac

7

ape

5

hae

6

hap

8

hep

8

ace

5

4 letter words with CHEAP

Points

cape

8

pech

11

pace

8

heap

9

ache

9

epha

9

each

9

chap

11

caph

11

5 letter words with CHEAP

Points

cheap

12

chape

12

peach

12

Found 31 words in 0.16064 seconds