Does the warranty cover a cracked screen
I dropped my watch and cracked the screen.
Where is the best least expensive way to get it repaired
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No. Accidental damage is not covered.
Make an appointment at the genius bar of your local Apple Store and get it fixed.
You can find pricing here: https://support.apple.com/iphone/repair/service/pricing
Note that Apple does NOT sell parts. Any of the 3rd party shops that say they can do it cheaper do NOT have legitimate access to Apple parts. They are using salvaged, counterfeit, knockoff, or stolen parts. Using their services will also permanently forfeit your ability to have the phone serviced by Apple.
