$5/mo - but there are plenty of decent VPS for $5/yr - the catch is they will be IPv6 only for port 80 so you chuck it behind Cloudflare (carrying static load as well).
The low end world will shock anyone who has only ever seen AWS pricing.
Quite, and the $40-60 a year bracket for a VPS is quite normal, but the original message was "decent VPS for $10/yr". Linode certainly doesn't go that low - at least last time I checked.
I saw an VPS from Italy I think for in the region of $20/year some time back, Sephiroth87 was after a $10/year VPS recommendation, not a $60/year one that hvgk suggested.