Most cost effective way to host a Fabric 1.21 server

Looking to fire up the yearly Minecraft server with my work mates but wondering what the most cost effective way to do it would be?

Previously I've just used top results from Google but I'm not against learning more about setting things up and maybe looking at a dedicated server rather than a specific game server host.

We'd be staying fairly Vanilla, just some ownership mods and quality of life stuff.
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