$24/year/128M/5G space/500G traffic/OpenVZ VPS —— RaidLogic.NET

RaidLogic.NET is an American hosting company founded in 2001. Judging from its homepage, it only provides VPS and dedicated servers. Its product line is rich, providing hosts of various configurations to meet different needs.
RaidLogic's VPS includes OpenVZ, Xen, etc., in addition to Windows VPS.
The cheapest one is as follows ($24/year):

CPU: 500MHz CPU – GUARANTEED
RAM: 128MB RAM / 256MB Burstable – GUARANTEED
HDD: 5GB Disk Space – (RAID BASED CONFIG)
IP's: 1 Usable IP.
Bandwidth: 500GB/month
DoS Protection: Yes

The DoS protection provided is rarely seen in other hosting providers. In addition, free 5G backup space is provided. Buy a speed test:

http://speedtest.raidlogic.net/
IP: 184.22.121.180

RaidLogic Data Center: http://www.raidlogic.net/company/datacenters.html
RaidLogic.NET official website: http://www.raidlogic.net/