I spent a few hours at my local pro audio shop looking for a hardware spectrum analizer and nobody could name one. I don't want to spend a lot of money, but it would seem a 1U rack with 50 or so LEDs should not cost that much. Can anyone point me in the right direction?

Thanks in advance.

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Hardware spectrum Audio analizer are much more expensives than softwares. On of the best is KlarkTechnic DN6000.
Have a look at
http://www.klarkteknik.com/pages/set_products.html

The analizer pointed out by wfplb seems to be overkill. I really only want cool flashing lights in my studio. I do not need to be able to print readouts and have test tones like that device offers. Any other suggestions.

PS: I really don't want to spend over $250 Canadian.

at this price, look for a Hi-Fi model !

Explain me why you want an hardwarde cheap audio analyser
No way ... only softwares are cheap

Why do I want one? Because my monitors (Spirit Absolute 2s) don't go very deep and I am doing a lot of sub bass reggae influenced work. It would be more convinient to glance to my rack to check out the frequency than to have a plug in running all the time. I am amazed that they are so hard to find or are so expencive. If I'm stuck with a software plug-in, can you reccomend a good free one? I have Steinberg's mastering Edition set but the 2 visual plugins kinda suck.

such as . . .

I've seen a EQ with an analizer from Radio Shack (Tandy), but it looks like crap.

Marantz made a hifi analyzer, provided with a microphone, but it's not produce anymore...

i've got an article in a magazine somewhere about setting up and old computer as an analyser (spelling?), if your interested i'll have a look for it.

Noname

DOD was making an analyzer like you describe pretty recently - don't know if they're still in production, but they shouldn't be hard to find. I think they were about $350 a couple years ago.