I'd check out 1and1 if I were you... some people hate it, but I've never had issues with them. For 3.99$ a month you'll get: 10gigs space 300gigs transfer 10mysql dbs php support etc.
Well I have decided as I am going to try and do some web design for local businesses that I would get a reseller account and make some money on the hosting as well. So recommendations for that... Looking at less than $10 per month, unlimited domains, databases, email accounts etc. quite a lot of space and bandwidth Good support.