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Redmine is an open-source web-based project management application. Written using the Ruby on Rails framework, it is cross-platform and cross-database and should run on most Unix, Linux, Mac and Windows systems.
Bitnami offers a hosted version for free on Google Cloud Platform.
Planio offers a paid hosted version.
SpecsUpdate
Pros
Know any positive aspects of this option?
Cons
Con No hosted solution
In order to use redmine you have to install it into your own server or computer where you also need to have Ruby installed first. While it's not extremely hard, it's not an easy feat for a beginner.
Know any negative aspects of this option?