A solution is disclosed for memory management of serverless databases that includes: based at least on detecting a trigger event, determining whether memory is to be reclaimed; based at least on determining that memory is to be reclaimed, determining an amount of memory to be reclaimed; identifying memory to be reclaimed; and reclaiming the identified memory. Disclosed solutions are flexible, enabling customization of the aggressiveness and manner of memory reclamation. This permits users to specify a tailored balance point between performance and cost, for arrangements that bill users based on resource usage (e.g., memory consumed by a serverless database). In some examples, users specify a ramp-down parameter that is used to determine how much memory can be evicted in a particular reclamation event, time intervals (or another criteria) for triggering a reclamation event, and a definition for whether a cache is active.