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It depends on the web hosting company to a large extent. Some of the cheapest web hosting companies are providing very good service, while expensive service providers do not provide reliable web hosting.
Cheap hosting can be good for a blog when you are just starting out and on a limited budget. There are a lot of cheap hosting that are reliable and offer good performance.
Cheap hosting can be risky for blogs needing to quickly scale traffic since ultra-low cost options often lack resources headroom and can suffer performance issues when visited by more users. Avoid cheap hosts and go mid-range quality where blog hosting optimized plans match WordPress needs out the box for reasonable prices. Focus on dependable uptime, scalability, security and backups as priority.
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