Sue......I beg to differ their are indeed plenty and the pricing wasn't aimed specifically at the original poster it was an observation given "beggers can't be choosers" if they only have a small budget and it was to show that despite that their are places to stay in PDC at those prices.
To be fair both you and Ole said it couldn't be done but clearly it can
I've been a travel agent for 18 years and believe me their are some great consolidators out there for accom regardless of where in the world it's all about knowing where to look. In fact it's sometimes cheaper to book with an American based site especially as the ex rate is so brilliant at the moment.
I've been to Lanzarote several times and never paid more than 40EU per apartment a night even in the height of summer. And that's staying where I want as oppose to being what's driven by the price, this inlcudes La Penita, Cinco Plazas, Barcarola & Plaza Azul....all very nice establishments in their own right and at a good price.