A cheap hosting does not necessarily mean that it is bad or detriment. The cheapest hosting is usually available from resellers of large hosting companies in the USA and Western Europe. Such giants as the American hosting companies may provide the lowest prices for really good hosting. In their turn, resellers "retail" the hosting at acceptable prices.

Cheap hosting differs both in price rates, and parameters. For example, some hosters have a limitation of additional subdomains for one account, and others have this limitation on similar pricings replaced with traffic limit or absence of the MySQL databases. Thus, when selecting a hosting, you need to choose, what the emphasis should be made at.