Considering AWS RDS MySQL

Amazon AWS RDS costs:

Payment Option Upfront Hourly Monthly* Effective Hourly** Effective Monthly On-Demand
No Upfront $0 $.017 $10.22 $0.014 $10.08 $0.017 per Hour, $12.24/month
Partial Upfront $51 $.006 $4.38 $0.012 $8.57
All Upfront $102 $.000 $0.00 $0.012 $8.50

Some common things you might want to be able to do:

Change the size of a the storage after configuring the instance

Yes: http://docs.aws.amazon.com/AmazonRDS/latest/UserGuide/USER_ModifyInstance.MySQL.html

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