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There are plenty of choices... in addition to the ones mentioned below, you might want to just rent a low-end dedicated server, where the hardware is guaranteed to be repaired if defective (make good offsite backups). Performance will be higher in most cases (dedicated CPU and high RAM).

e.g. https://www.wholesaleinternet.net/dedicated/ (blue order buttons are in stock)

Intel i3 chip with 8GB RAM and 500GB disk - $20/month .

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Thanks for sharing this one.This is very cheap. How do we guarantee high availability/fail over on this one in case we need it ? I am guessing we have to make sure multiple servers like this should be bought and implement our own fail over.Also what is your experience with tech support ?

You tell them what distribution you want of Linux installed, they install it, and then you manage the server on your own.

Install the needed SMART utilities to keep an eye on your disks. I think if you can show them a SMART failure that means the drive will fail soon, they will replace it for you.

Their tech support is competent but is mostly limited to the basics of installing and initial configuration of network, plus taking care of the hardware.

Thanks for sharing. This is insanely cheap. It can be used for test\dev at least if not prod env.

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