I rent a dedicated server from OVH in their Canada data center. For $79/month I get the following:

1) 100mbit connection 2) Core i3-2130 w/16 GB ram 3) 2x1TB sata configured as software raid-1

To be blunt, $79 is an absurdly cheap price for that kind of hardware and connectivity. I'm more than willing to put up with an occasional network problem (hurricane Sandy disrupted some of their peering) and a management portal that is not quite as featureful as I'd like.