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HomeModelsMistral: Mistral Medium 3
MistralBudget

Mistral: Mistral Medium 3

The most capable budget model Mistral has shipped — a smart default for high-volume teams that need real performance without flagship pricing.

78
Coding
72
Writing
70
Research
0
Images
88
Value
74
Long Context
Use this when

Cost-conscious teams running high-volume coding, summarization, or multilingual tasks at enterprise scale.

Skip this if

You need multimodal inputs, cutting-edge reasoning for complex agentic tasks, or the absolute best instruction-following quality available.

Pricing
$0.40/1M in
$2.00/1M out
→0%since Mar 2026
Context
131k tokens
Speed
Fast
How to access
API
$0.39999999999999997/1M input tokens
Subscription = chat interface. API = build with it. Compare all subscription plans
Switch to instead if...
Best overall
Claude Opus 4.6
Cheaper option
Meta: Llama 3.1 8B Instruct
Faster option
Mistral: Mistral Large 3 2512

Strengths

Exceptional price-to-performance ratio — outperforms Mistral Large 2 at roughly 80% less cost

Strong multilingual support, particularly for European languages like French, Spanish, German, and Italian

Solid coding assistance for Python, JavaScript, and SQL at a budget-friendly price point

128K context window handles most real-world document and codebase tasks without chunking

Weaknesses

Falls short of GPT-4.1 and Claude Sonnet 4 on complex multi-step reasoning and instruction following

No native image or multimodal input support, limiting use in vision-heavy workflows

Less consistent than top-tier models on nuanced long-form writing or high-stakes research synthesis

Monthly cost estimate

See what Mistral: Mistral Medium 3 actually costs at your usage level

Input tokens / month1M
10k50M
Output tokens / month500k
10k25M
Input cost
$0.400
Output cost
$1.00
Total / month
$1.40

Based on Mistral: Mistral Medium 3 API pricing: $0.39999999999999997/1M input · $2/1M output. Real costs vary by provider discounts and caching. Check the provider for exact current rates.

Price History

Mistral: Mistral Medium 3 pricing over time

→0% since Mar 27

$0.432$0.416$0.400$0.384$0.368Mar 27Mar 28

2 data points · tracked daily since Mar 27, 2026

Ready to try it?

Start using Mistral: Mistral Medium 3

Cost-conscious teams running high-volume coding, summarization, or multilingual tasks at enterprise scale.. Start free — no card required.

Try Mistral: Mistral Medium 3 freeCompare alternatives

Recommendations are made independently based on real-world use and public benchmarks. See our disclosures for details.

Compare alternatives

Similar models worth checking before you commit.

MistralBudget

Mistral: Mistral Large 3 2512

Mistral Large 3 2512 is Mistral's flagship dense model updated in December 2025, offering strong multilingual reasoning and coding capabilities at a significantly reduced price point compared to its predecessor. It targets enterprise workloads that need high-quality outputs without paying top-tier frontier model prices.

Verdict
The best price-per-quality ratio in the non-mini flagship tier, especially for multilingual and long-context enterprise tasks.
Quality score
69%
Pricing
$0.50/1M in
$1.50/1M out
Speed
Balanced
Best for multilingual enterprise tasks, code generation, and long-document analysis where cost efficiency matters more than absolute state-of-the-art performance.
Context
262k tokens
Pricing of $0.50 input / $1.50 output per 1M tokens places it firmly in the budget-flagship category. Available via Mistral API (La Plateforme) and major cloud providers. December 2025 update ('2512') improves instruction following over the earlier 2407 release.
Budget flagshipMultilingualLong contextEnterpriseCode
Best for
Multilingual enterprise tasks, code generation, and long-document analysis where cost efficiency matters more than absolute state-of-the-art performance.
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MistralBudget

Mistral: Mistral Medium 3.1

Mistral Medium 3.1 is a multimodal mid-tier model from Mistral that supersedes Mistral Large 2, offering vision capabilities alongside strong text performance at a significantly reduced price point. It targets the sweet spot between budget models and expensive flagships, with a 128K context window and competitive multilingual support.

Verdict
The best Mistral model for budget-conscious builders who still need multimodal capability and solid multilingual output.
Quality score
70%
Pricing
$0.40/1M in
$2.00/1M out
Speed
Fast
Best for cost-sensitive teams needing solid coding, instruction-following, and basic vision tasks without paying flagship prices.
Context
131k tokens
Officially supersedes Mistral Large 2, representing a generational shift in Mistral's lineup toward multimodal capability at lower cost tiers. Available via Mistral API and select cloud providers. No function calling limitations noted at this tier.
BudgetMultimodalMultilingualMid-tierVision
Best for
Cost-sensitive teams needing solid coding, instruction-following, and basic vision tasks without paying flagship prices.
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MistralBudget

Mistral: Mistral Small 4

Mistral Small 4 is a compact, cost-efficient language model from Mistral AI that punches well above its price class, succeeding Mistral Large 2 in capability while costing a fraction of the price. It features a 256K context window and is optimized for high-throughput, latency-sensitive applications.

Verdict
The best bang-for-buck text model in its class — Mistral Large 2 quality at a fraction of the cost.
Quality score
68%
Pricing
$0.15/1M in
$0.60/1M out
Speed
Fast
Best for teams needing reliable, fast text generation and coding assistance at near-commodity pricing without sacrificing too much quality.
Context
262k tokens
Pricing at $0.15/$0.60 per million tokens makes this one of the most affordable capable models on the market. Available via Mistral's La Plateforme API and compatible with OpenAI-style endpoints. No image input support confirmed at launch.
BudgetFastLong ContextMultilingualCoding
Best for
Teams needing reliable, fast text generation and coding assistance at near-commodity pricing without sacrificing too much quality.
View model

Change history

Pricing moves, ranking shifts, and capability updates.

New ModelMar 27, 2026

Mistral: Mistral Medium 3 — added to UseRightAI

Mistral: Mistral Medium 3 (Mistral) is now indexed. It supersedes Mistral Large 2. The most capable budget model Mistral has shipped — a smart default for high-volume teams that need real performance without flagship pricing.

View model

FAQ

What is Mistral: Mistral Medium 3 best for?

Mistral: Mistral Medium 3 is best for cost-conscious teams running high-volume coding, summarization, or multilingual tasks at enterprise scale.. It is a strong fit when that workflow matters more than the tradeoffs around budget pricing and fast speed.

When should I avoid Mistral: Mistral Medium 3?

You need multimodal inputs, cutting-edge reasoning for complex agentic tasks, or the absolute best instruction-following quality available.

What is a cheaper alternative to Mistral: Mistral Medium 3?

Meta: Llama 3.1 8B Instruct is the lower-cost option to compare first when you want a similar workflow fit with less token spend.

What is a faster alternative to Mistral: Mistral Medium 3?

Mistral: Mistral Large 3 2512 is the better pick when response time matters more than maximum depth or premium quality.

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