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Home/AI Models Under $1 per Million Tokens
Best under $1/1MPrice Filter

AI Models Under $1 per Million Tokens

14 models in this directory cost $1 or less per million input tokens. DeepSeek V4-Pro is the most capable of them ($0.435/1M), Mistral Small 3.1 is the absolute cheapest at $0.1/1M, and GPT-5.6 Luna gives you the largest context window (1.05M tokens) at this price level.

Last verified Aug 6, 2026/Model data modified Aug 6, 2026
Rankings refresh dailyScored on 6 criteriaNo paid rankings
DeepSeekBudget
Input cost
$0.43/1M
Context
1M tokens
Speed
Balanced

Clear recommendation block

The shortest way to see the safest default, the lower-cost option, and the specialist pick before you read deeper.

Best overall model

DeepSeek V4-Pro

View
Why this recommendation

DeepSeek V4-Pro is the safest overall answer here when you want the strongest default instead of the lowest list price.

DeepSeekBudget
Best for
Frontier-level coding and reasoning on a budget
Price
$0.43/1M
Context
1M tokens
Best budget model

Grok 4.5

View
Why this recommendation

Grok 4.5 is the lower-cost option to start with when you still need useful output at scale.

xAIBalanced
Best for
Fast, token-efficient coding agents
Price
$2.00/1M
Context
500k tokens
Best for speed

Gemini 3.5 Flash-Lite

View
Why this recommendation

Gemini 3.5 Flash-Lite is the better pick when response speed matters more than maximum reasoning depth.

GoogleBudget
Best for
High-volume, latency-sensitive workloads at minimal cost
Price
$0.30/1M
Context
1.0M tokens

Why this page recommends it

DeepSeek V4-Pro is the most capable model under $1/1M — $0.435/1M input, $0.87/1M output, 1M context.

Mistral Small 3.1 is the absolute cheapest at $0.1/1M input — 100x cheaper than Claude Fable 5.

DeepSeek V4-Pro is the strongest budget coding pick (coding score 93/100).

Decision notes

Choose DeepSeek V4-Pro as your budget default — the best capability-per-dollar in this price band.

Choose Mistral Small 3.1 for very high-volume tasks like classification, tagging, and extraction.

Route hard tasks to a premium model and keep everything else here — a two-tier setup usually cuts spend 60–80%.

Interactive decision lab

Test the recommendation against your priority

Switch the scoring lens to see whether the top answer changes when you care more about cost, speed, or long-document work.

#1DeepSeek V4-Pro83 pts
#2GPT-5.6 Luna82 pts
#3Gemini 3.5 Flash-Lite81 pts
#4DeepSeek V4-Flash79 pts
#5Gemini 3.1 Flash77 pts
Quality first

DeepSeek V4-Pro

DeepSeek / Budget / Aug 6, 2026

83

Best open-weights flagship — near-frontier coding at a tenth of the price.

Ranks models by the broadest mix of coding, writing, research, and long-context usefulness.

Cost
$0.43/1M
$0.87/1M out
Speed
Balanced
3/100 score
Context
1M tokens
input window
View model
Data-backed recommendation
Avoid this pick if

You need vision input, verified agentic performance, or predictable pricing (surge pricing and an announced increase loom).

Recommended comparisons

The fastest way to see where the recommendation shifts when your priority changes.

DeepSeekBudgetBest under $1/1M

DeepSeek V4-Pro

Best open-weights flagship — near-frontier coding at a tenth of the price.

Best use case
Frontier-level coding and reasoning on a budget
Input
$0.43/1M
Pricing
Budget
Speed
Balanced
Context
1M tokens
Open weightsCodingReasoning
OpenAIBudgetOption 2

GPT-5.6 Luna

Best budget model from a frontier lab — near-frontier scores at commodity price.

Best use case
Cheap high-throughput summarization, drafting, and routine agent steps
Input
$0.20/1M
Pricing
Budget
Speed
Fast
Context
1.1M tokens
BudgetFastHigh volume
DeepSeekBudgetOption 3

DeepSeek V3

GPT-4o-class coding quality at under $0.30/1M — the best value in the directory.

Best use case
Coding, reasoning, and general tasks at extreme cost efficiency
Input
$0.27/1M
Pricing
Budget
Speed
Fast
Context
128k tokens
Open sourceBudgetCoding
DeepSeekBudgetOption 4

DeepSeek V4-Flash

Best agentic capability per dollar in the directory.

Best use case
High-volume agentic coding and tool-use pipelines
Input
$0.14/1M
Pricing
Budget
Speed
Fast
Context
1M tokens
Open weightsBudgetAgentic
DeepSeekBudgetOption 5

DeepSeek R1

Open-source o1-class reasoning at a fraction of the cost.

Best use case
Math, science, complex reasoning, and multi-step problem solving at budget cost
Input
$0.55/1M
Pricing
Budget
Speed
Deliberate
Context
128k tokens
ReasoningOpen sourceBudget
GoogleBudgetOption 6

Gemini 3.5 Flash-Lite

Fastest budget multimodal model — 350 tokens/sec at Lite pricing.

Best use case
High-volume, latency-sensitive workloads at minimal cost
Input
$0.30/1M
Pricing
Budget
Speed
Very fast
Context
1.0M tokens
BudgetVery fastMultimodal
MoonshotBudgetOption 7

Kimi K2.7 Code

Value coding specialist — 1T MoE agentic coder at budget prices.

Best use case
Cost-efficient agentic coding
Input
$0.95/1M
Pricing
Budget
Speed
Fast
Context
256k tokens
Open weightsCodingBudget
GoogleBudgetOption 8

Gemini 3.1 Flash

Best cheap AI for broad day-to-day work — now with 1M context.

Best use case
High-volume everyday AI usage where speed and cost both matter
Input
$0.50/1M
Pricing
Budget
Speed
Very fast
Context
1M tokens
Best budgetFast1M context

Pros

80.6% SWE-bench Verified (self-reported) — reported as tied with Gemini 3.1 Pro

93.5% LiveCodeBench and Codeforces 3206 — elite competitive-coding results

1M context with 384K max output at $0.87/1M output — an order of magnitude cheaper than closed frontier models

Cons

Independent harnesses report much lower agentic scores than the self-reported numbers; trails GPT-5.6 and Opus-class on hard agentic evals

Peak-hour surge pricing doubles rates, a price increase is announced, and it's text-only (no vision)

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DeepSeek
DeepSeek V4-ProBest open-weights flagship — near-frontier coding at a tenth of the price.Read guide

Quick links

Browse all modelsCompare pricingView DeepSeek V4-ProView GPT-5.6 LunaView DeepSeek V3

How we evaluate AI models

UseRightAI recommendations are based on practical decision factors people actually feel in day-to-day use.

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FAQ

What is the best AI model under $1 per million tokens?

DeepSeek V4-Pro — $0.435/1M input tokens with the highest capability average in this price band. Best open-weights flagship — near-frontier coding at a tenth of the price.

What is the cheapest AI model overall?

Mistral Small 3.1 at $0.1/1M input and $0.3/1M output. It handles ultra-high-volume classification well despite the price.

Which model under $1/1M is best for coding?

DeepSeek V4-Pro, with a coding score of 93/100 at $0.435/1M input.

What is the catch with cheap AI models?

Budget models trail flagships on hard reasoning, nuanced writing, and complex multi-step coding. Claude Fable 5, the current capability leader, scores 99/100 on average vs 86/100 for DeepSeek V4-Pro — use cheap models for volume, not for your hardest work.

Do output tokens cost more than input tokens?

Yes — usually 3–5x more. DeepSeek V4-Pro charges $0.435/1M input but $0.87/1M output, so long responses drive the real bill. Our API cost calculator models both sides.