Elements I didnt like:
1. the guy with white gloves trying to dance.. just a bit weird for me and out of context
2. certain props werent doing it for me either especially the wrestling belt.
3. all the shots were basically the same.
4. second rappers face and eyes were a bit off, as a director you should keep on top of their performance and rev them up a bit more.
I did like the area you shot in, I think you should have waited til it was a bit darker though, also your colouring doesn't feel like it matches the vibe of the video, its too bright, a bit grimmer for me would have made it nicer.
as you said it was cheap, however it was nice editing, not the worst video iv seen and a good learning experience for you, im sure with more videos you will have something really nice, also next time look at Matt Alonzos videos, hes the go to director for rap videos, checkout his latest one with The Game its on Vimeo.
look forward to your next videos.