A VPS will be cheaper, easier, and better in /almost/ all ways.
1U rack space, including power, a 1Gb network uplink, and at least 1 dedicated IPv4 IP, is going to be at least $60-80/month, and even that would from small discount colo providers you have never heard of.
1U rack space, including power, a 1Gb network uplink, and at least 1 dedicated IPv4 IP, is going to be at least $60-80/month, and even that would from small discount colo providers you have never heard of.