This is maybe the lowest price VPS provider regarding backup VPS.

512 GB disk space VPS, 512MB RAM
$32/2 years
--> $1.33/month

Is known provider.

My experience:

Order (middle of the July 2016) was bad, my IP got banned as it was proxy. VPS was setup in minuted. From client area i can for free: reinstall OS, reset password, see the usage graphs, flush iptables, access console

VPS technical details:

VPS has Lithuania (EU) IP and city is Vilnius, traceroute's first hop is *.storage.serveriai.lt and next responding is from rackray.eu

Benchmark of that VPS:

# wget --no-check-certificate freevps.us/downloads/bench.sh -O - -o /dev/null | bash
Benchmark started on Sun Jul * * EEST 2016
Full benchmark log: /root/bench.log

System Info
-----------
Processor : Intel(R) Xeon(R) CPU E5-2609 v3 @ 1.90GHz
CPU Cores : 1
Frequency : 1897.776 MHz
Memory : 512 MB
Swap : 256 MB
Uptime : *

OS : CentOS release 6.8 (Final)
Arch : x86_64 (64 Bit)
Kernel : 2.6.32-042stab113.17
Hostname : *


Speedtest (IPv4 only)
---------------------
Your public IPv4 is 212.24.*

Location Provider Speed
CDN Cachefly 36.9MB/s

Atlanta, GA, US Coloat 6.27MB/s
Dallas, TX, US Softlayer 8.94MB/s
Seattle, WA, US Softlayer 6.90MB/s
San Jose, CA, US Softlayer 5.00MB/s
Washington, DC, US Softlayer 11.8MB/s

Tokyo, Japan Linode 4.66MB/s
Singapore Softlayer 4.92MB/s

Rotterdam, Netherlands id3.net 26.9MB/s
Haarlem, Netherlands Leaseweb 40.7MB/s


Disk Speed
----------
I/O (1st run) : 27.2 MB/s
I/O (2nd run) : 26.4 MB/s
I/O (3rd run) : 26.4 MB/s
Average I/O : 26.6667 MB/s
so the transfer speed is rather low from USA. Ping to Florida 127ms