Cheapest LLM APIs by Token Cost
The cheapest LLM APIs ranked by token cost. Find budget-friendly models under $1/Mtok for high-volume production workloads.
MODELPRICEWATCH.COM · 2026-10-08
Cost calculator for this use casemonthly cost, top 3 models
- 1 Granite 4.0 H Micro
- $—
- 2 Qwen3.7-Flash
- $—
- 3 Schematron V2 Turbo
- $—
Full ranking — top 20 models
list prices, USD per 1M tokens| Model | Blended* | Input | Output | Context | Provider |
|---|---|---|---|---|---|
| 1Granite 4.0 H Micro | $0.041 | $0.017 | $0.112 | 128K | IBM |
| 2Qwen3.7-Flash | $0.055 | $0.030 | $0.130 | 1M | Alibaba |
| 3Schematron V2 Turbo | $0.060 | $0.030 | $0.150 | 128K | Inference.net |
| 4GLM-OCR | $0.030 | $0.030 | $0.030 | 128K | Z.AI |
| 5Nova Micro | $0.061 | $0.035 | $0.140 | 128K | Amazon |
| 6GLM-4.6V-FlashX | $0.130 | $0.040 | $0.400 | 128K | Z.AI |
| 7Jev 1.13 | $0.032 | $0.042 | $0 | 64K | TypeSafe AI |
| 8Hy-MT2 1.8B | $0.077 | $0.044 | $0.177 | 8K | Tencent |
| 9Qwen-Flash | $0.138 | $0.050 | $0.400 | 1M | Alibaba |
| 10Qwen-Turbo | $0.088 | $0.050 | $0.200 | 1M | Alibaba |
| 11Schematron V2 Small | $0.095 | $0.050 | $0.230 | 128K | Inference.net |
| 12Solar Mini 4 | $0.088 | $0.050 | $0.200 | 524K | Upstage |
| 13GPT-5 nano | $0.138 | $0.050 | $0.400 | 400K | OpenAI |
| 14Nova Lite | $0.105 | $0.060 | $0.240 | 300K | Amazon |
| 15DeepSeek V4 Flash | $0.090 | $0.060 | $0.180 | 1M | DeepInfra |
| 16Granite 4 H Small | $0.114 | $0.064 | $0.265 | 128K | IBM |
| 17Baichuan M2-32B | $0.070 | $0.070 | $0.070 | 131K | Baichuan |
| 18GPT-OSS 20B | $0.128 | $0.070 | $0.300 | 128K | Fireworks |
| 19GLM-4.7-FlashX | $0.153 | $0.070 | $0.400 | 128K | Z.AI |
| 20Hy-MT2 30B-A3B | $0.129 | $0.074 | $0.295 | 8K | Tencent |
Recent price movement in this ranking
price-only deltas · logged by the daily scan1 of the top 20 cheap api models has re-priced since we began tracking · last checked .
| Model | Changes | Latest move | Provider |
|---|---|---|---|
| DeepSeek V4 Flash | 1 | price cut on : $0.090/$0.180 → $0.060/$0.180 /Mtok | DeepInfra |
Most recently, DeepSeek V4 Flash cut its price on — a sign pricing in this category is still moving, so re-check before committing to a long-term choice. See all recent price moves →
How models are selected
Budget-category models, sorted by input price per million tokens.
Prices are per million tokens (Mtok), sourced directly from — and linked to — official provider pricing pages. "Blended cost" is (3×input + 1×output) ÷ 4 — weighted toward input because real workloads read far more tokens than they generate.