I find it depends what you want to do with those sites. If they are for a client, then they can have their own VPS as makes billing clear and easy. With team development I have maybe 6 Joomla/WP/Laravel sites on a $5 DO server. With Swop reasonable size it works fine when such low traffic. Issue we his was available ram. With 3 reasonable size sites MySQL maxed out ram and strange things started happening. So depends more on your DB and memory demands and that is also influenced by traffic.