Hetzner basically uses cheap desktop computers as dedicated cloud computing servers. Just keep it backed up. If anything catches on fire, they replace it. Cheap hardware mitigated by excellent customer service. If you can deal with that, the prices are great. I've used them for years for my personal dedicated server, and not had any problems. The current EX41 line starts at 39 EUR / month. You have to buy the "flexi pack" if you want luxury services like extra ip addresses.

https://news.ycombinator.com/item?id=4063929

https://www.hetzner.com/dedicated-rootserver/matrix-ex

https://www.hetzner.com/flexipack/