You can get a free Team Foundation Service account for teams of up to 5 users, all you need to do is sign up for an account and your ready to go straight away
http://tfs.visualstudio.com/en-us/
The benefits of using the cloud based Team Foundation Service are:
- it’s ready to go straight away
- it’s accessible from anywhere
- there’s no hardware infrastructure to manage
- can use existing tools such as Visual Studio
- source control
- manage your code online from anywhere
- continuous unit testing
- manage work items and bugs
- plan projects
- collaborate with your team
If you want on-site Team Foundation capability you could implement Team Foundation Server 2012 Express which is free to use for teams of upto 5 users – see my previous article on this
Visual Studio Team Foundation Server Express 2012 is a source code control, project management, and team collaboration platform at the core of the Microsoft suite of Application Lifecycle Management tools, which help individuals and small teams of upto 5 developers be more agile, collaborate more effectively, and deliver quality software.