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Digital Ocean recommends running GitLab on their $10/month instance, so while I haven't tried it, the $5 one is probably still up to the task: https://www.digitalocean.com/features/one-click-apps/gitlab/

(Full disclosure: I'm a developer at GitLab B.V.)

If you're going for the 512MB please read the requirements https://gitlab.com/gitlab-org/gitlab-ce/blob/master/doc/inst... (make sure to set up swap and use ssh access)

> 512MB RAM + 1.5GB of swap is the absolute minimum

lol