I just love Heer Palace. It is extremely affordable. You will get a balcony ticket for just Rs.100. They have amazing sound quality and their seats are also very comfortable. It ia located in the centre of the city i.e. mall road near city centre building.
The hall is also quite big with a good seating capacity.
The only thing I don't like is that they have stopped online ticket bookings so now I am unable to book tickets in advance.
They always premiere latest movies so do give it a shot.