There is a local no-budget horror company here in St. Paul (where I live).  I am hoping to start working with them on a few things over the summer (I'll keep you guys postedon that.) but for now I'll just posta  link to their website.  Right now they have 2 short films on there and 5 or 6 trailers for their 65 minute feature that will be hitting the festival circuit soon.  (I'm going to the premier of it on Saturday night.  I'll let you know what I think.)
 http://www.nftsproductions.com 
You will need a QuickTime player to view this stuff, but there are links to places you can download it free of charge.
Enjoy.  I know their shorts aren't the greatest but keep in mind that there is no budget at all.  (Let me know what you think too.)