r3.8xlarge is an AWS EC2 instance with 32 vCPUs, 244 GiB memory (Intel Xeon E5-2670 v2 (Ivy Bridge)). In US East (N. Virginia) it costs $2.66 per hour on demand ($1,941.80 per month) for Linux; a 1-year reserved instance with no upfront costs $1.672 per hour, 37% less. Spot capacity is about $0.5466 per hour. It is sold in 13 regions; the cheapest is US East (Ohio) at $2.656 per hour.
Prices by region
USD per hour, Linux. Reserved prices are no upfront, standard. Cheapest on-demand first.