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Data & Research

Cheapest LLMs for the Money Right Now

The lowest blended token prices are clustered under $0.015 per 1M tokens, with the cheapest public option at $0.001/Mtok blended.

October 29, 2026 · 2 min read · By MyTokenTracker

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The cheapest public blended price in this dataset is $0.001/Mtok blended, and the rest of the low end stays tightly packed under $0.015/Mtok blended. For budget-sensitive builds, that means the floor is extremely low, but the real decision is which model gives you usable output at these prices.

fireworks_ai/accounts/fireworks/models/flux-1-dev-controlnet-union$0.001
fireworks-ai-embedding-up-to-150m$0.006
perplexity/pplx-decider-flash-v1.2$0.008
perplexity/pplx-decider-flash-latest$0.008
fireworks-ai-embedding-150m-to-350m$0.012
nscale/Qwen/Qwen2.5-Coder-3B-Instruct$0.015
nscale/Qwen/Qwen2.5-Coder-7B-Instruct$0.015
nebius/Qwen/Qwen2.5-Coder-7B$0.015
Cheapest text models by blended $/1M tokens (lower is cheaper).

The data shows a very compressed cheap-end market. After the single lowest entry at $0.001/Mtok blended, the next tier jumps to $0.006/Mtok blended, then $0.008/Mtok blended, and $0.012/Mtok blended. That pattern suggests providers are competing hard on commodity pricing, especially for models that are likely optimized for narrow or lightweight workloads.

For developers, the practical takeaway is that token cost is no longer the main limiter for many text workflows. At this end of the market, the bigger question is model fit, not raw spend. If your use case is routing, classification, or other cost-sensitive tasks, the spread from $0.001/Mtok blended to $0.015/Mtok blended gives you room to choose based on quality and latency without blowing up the budget.

The repeated $0.015/Mtok blended entries also matter. They show that multiple coder-focused options are landing at the same price point, which makes the comparison less about sticker price and more about behavior, reliability, and how much prompt tuning you need to get stable results.

  • Absolute floor: the cheapest public blended price here is $0.001/Mtok blended.
  • Most of the cheap tier: the rest of the listed models sit between $0.006/Mtok blended and $0.015/Mtok blended.
  • Budget impact: this is cheap enough that model quality, not token spend, should drive selection for many text apps.
  • Watch the cluster: several coder models share $0.015/Mtok blended, so compare behavior, not just price.

About this data. Figures are from MyTokenTracker live data (model prices, value for money, open data API), free to use and cite under CC BY 4.0. Snapshot: October 29, 2026.