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Netflix got rid of the $9.99 basic plan in Canada
(www.narcity.com)
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After some discussion with the Minister for War and Finance (my wife), we agreed I had a modest budget (~$300AUD) to spend on some old enterprise servers, which I did.
But I've seen plenty of posts where people are getting away with their old gaming rigs, and the like.
I've got a PC that my job was throwing out and I put a CPU, hard drive and RAM combo I got on Craigslist (that's like gumtree) for $20USD in there and I've only ever had problems with 4k and HDR. Plex itself is pretty cheap perf-wise! Transcoding can be a problem but you can set it up to pre-transcode multiple quality options or just stream it original quality if you have the bandwidth.