I am new to using node.js and socket io and I am currently hosting my php website on a server, now that I am going to be adding node js and socket io to my website I will need hosting that will allow me to have those, are there any out there or will I need to have my own? I am hoping to have a cheap hosting service as this is just to have my site hosted while in development, once I am finished with it I plan to have my own server set up.

I recommend DMEHosting as a VPS to use for development. Their cheapest Linux VPS is more than affordable and serves your purposes. It will also get you into the basics of setting up a web server on Linux via SSH, which is essential. I recommend reading up on an article on setting on a VPS on Cent OS. Just Google that. You don't really need to learn how to use Linux for now. Just know how to navigate directories and follow tutorials on setting up your own web server.