The Constellations are not that expensive… basically a $600M hull with $300M of weapons & sensors. You could cut those of course, but that’s what brings all the capability (AEGIS, EASR, MK-41, CEC, COMINT, SQQ-89, SEWIP, NIXIE etc…).
LCS is a $450M hull with only $50M of weapons and sensors. It has no wartime utility without adding $$$ for modules and proper sensors and weapons, which it doesn’t have the SWaP-C margins to carry or the endurance to bring to the combat zone.
Notice that the difference in hull cost itself is only $150M. There are ways to build a cheaper general purpose frigate of course, but there’s going to be a capability trade-off and it will be hard to save more than $100-200M per hull while maintaining full spectrum AAW, ASW, ASuW, and EW capability… you’ll definitely lose AEGIS and some AAW capability along the way for example.
To save more than that (say if you want something for 1/2 or 1/3 the cost of an FFG-62), capability and hull-size would need to be drastically cut… see my ocean-going corvette proposal.