r3.xlarge is an AWS EC2 instance with 4 vCPUs, 30.5 GiB memory (Intel Xeon E5-2670 v2 (Ivy Bridge)). In US East (N. Virginia) it costs $0.333 per hour on demand ($243.09 per month) for Linux; a 1-year reserved instance with no upfront costs $0.209 per hour, 37% less. Spot capacity is about $0.088 per hour. It is sold in 13 regions; the cheapest is US East (Ohio) at $0.332 per hour.
Prices by region
USD per hour, Linux. Reserved prices are no upfront, standard. Cheapest on-demand first.