Best under $2/M: the full table

Highest quality with a blended price below $2 per million tokens.

Looking for the short answer? Best cheap LLM (October 2026) has the top pick, best value and open-weights options. This page is every qualifying model, ranked.

As of 25 Oct 2026, Gemini 3.8 Flash by Google leads this list ($1.50/M), ahead of MiMo-V2.6-Pro ($0.55/M). Best cheap LLM (October 2026)

207 models qualify · data as of 25 Oct 2026

1. 1Gemini 3.8 Flash (high)64.4
2. 2MiMo-V2.6-Pro64
3. 3DeepSeek V4.1 Flash 1017 (max)64
4. 4Gemini 3.7 Flash (high)63.5
5. 5GLM 5.3 Flash62.7
6. 6Gemini 3.6 Flash (high)62
7. 7MiniMax M3.1 Flash61.9
8. 8Claude Haiku 5.5 (xhigh)61.5
9. 9DeepSeek V4.1 Flash (max)61.2
10. 10DeepSeek V4 Pro (max)60.8
11. 11Step 5 Preview60.5
12. 12Qwen3.8-Flash-Next60.3
13. 13GPT-6 Luna (max)60
14. 14GPT-5.6 Luna (max)59.9
15. 15MiMo-V2.6-Flash59.7

SearchAll providersAI21 LabsAlibabaAmazonAnt GroupAnthropicApodexArcee AIByteDanceCelerisCohereDeepSeekGoogleIBMInceptionLiquid AIMeituanMetaMicrosoftMiniMaxMistral AIMoonshot AIMultiverse ComputingNex AGINous ResearchNVIDIAOpenAIReflectionRekaSapiens AISarvamSpaceXAIStepFunSwiss AIThinking MachinesUpstageXiaomiZhipu AIOpen weightsNew models207 of 207

#	Model	Index ↓	Price $/M ↕	Speed tok/s ↕
1	Gemini 3.8 FlashhighGoogle	64.4	$1.50	141
2	MiMo-V2.6-ProXiaomiopen ↗	64	$0.548	55
3	DeepSeek V4.1 Flash 1017maxDeepSeekopen ↗	64	$0.525	195
4	Gemini 3.7 FlashhighGoogle	63.5	$1.50	88
5	GLM 5.3 FlashZhipu AIopen ↗	62.7	$0.238	69
6	Gemini 3.6 FlashhighGoogle	62	$1.50	202
7	NewMiniMax M3.1 FlashMiniMaxopen ↗	61.9	$0.262	96
8	Claude Haiku 5.5xhighAnthropic	61.5	$0.200	190
9	DeepSeek V4.1 FlashmaxDeepSeekopen ↗	61.2	$0.525	181
10	DeepSeek V4 PromaxDeepSeekopen ↗	60.8	$1.98	97
11	Step 5 PreviewStepFunopen	60.5	$1.43	229
12	Qwen3.8-Flash-NextAlibabaopen ↗	60.3	$0.230	52
13	GPT-6 LunamaxOpenAI	60	$0.200	137
14	GPT-5.6 LunamaxOpenAI	59.9	$0.450	126
15	MiMo-V2.6-FlashXiaomiopen ↗	59.7	$0.175	59
16	DeepSeek V4 Pro 0424maxDeepSeekopen	59.6	$0.548	102
17	DeepSeek V4 FlashmaxDeepSeekopen ↗	59.4	$0.175	149
18	Kimi K2.6thinkingMoonshot AIopen ↗	59.4	$1.71	70
19	Gemini 3 FlashthinkingGoogle	59.1	$1.13	222
20	Agnes 2.5 Pro BetaSapiens AI	59.1	$0.150	113
21	GLM-5thinkingZhipu AIopen ↗	58.9	$1.55	68
22	Qwen3.6 PlusAlibaba	58.8	$1.13	56
23	Grok 4.3mediumSpaceXAI	58.7	$1.56	108
24	Grok 4.20thinkingSpaceXAI	58.6	$1.56	112
25	Qwen3.7 PlusAlibaba	58.5	$0.700	59
26	Grok 4.20 Multi-AgentSpaceXAI	58.5	$1.56	379
27	Deepseek v4 Flash VisionmaxDeepSeek	58.2	$0.660	190
28	Kimi K2.5thinkingMoonshot AIopen ↗	57.6	$1.20	68
29	Qwen3.5 PlusthinkingAlibaba	57.3	$0.258	54
30	DeepSeek V4 Flash 0420maxDeepSeekopen	57	$0.140	47
31	MiMo-V2.5-ProthinkingXiaomiopen ↗	57	$0.563	52
32	o4-miniOpenAI	56.9	$1.93	–
33	DeepSeek V3.2DeepSeekopen ↗	56.6	$0.315	17
34	GLM 5.1thinkingZhipu AIopen ↗	56.6	$1.99	70
35	GPT-5 miniOpenAI	56.5	$0.688	87
36	MiniMax M3MiniMaxopen ↗	56.4	$0.525	89
37	GPT-5.4 MinixhighOpenAI	56.3	$1.69	255
38	Qwen3.8 27BxhighAlibabaopen ↗	56.3	$1.13	44
39	Gemma 4 26B A4BGoogleopen ↗	56.2	$0.198	46
40	GLM 5V TurboZhipu AI	55.9	$1.38	45
41	GPT-5 nanoOpenAI	55.9	$0.138	82
42	Kimi K2.7 CodeMoonshot AIopen ↗	55.8	$1.71	60
43	Quasar 438BmaxMultiverse Computing	55.8	$0.165	172
44	Nemotron 3 Ultra 550B A55BthinkingNVIDIAopen ↗	55.7	$1.13	154
45	MiniMax M2.7MiniMaxopen ↗	55.6	$0.525	55
46	GLM 5 TurboZhipu AI	55.5	$1.90	23
47	Ling 3.0 Flash VLAnt Groupopen ↗	55.5	$0.111	–
48	Qwen3.5 397B A17BthinkingAlibabaopen ↗	55.1	$1.35	58
49	TInkling SmallThinking Machinesopen ↗	54.9	$0.525	224
50	Beam 1.0 501B A23BReflectionopen ↗	54.9	$0.600	126
51	Grok Build 0.1SpaceXAI	54.8	$1.25	65
52	Grok 4.1 FastthinkingSpaceXAI	54.7	$0.275	–
53	Qwen3.5-27BthinkingAlibabaopen ↗	54.7	$0.825	78
54	Nex-N2-ProNex AGIopen	54.7	$1.00	–
55	Muse GlimmerMetaopen ↗	54.7	$0.525	113
56	Gemini 3.5 Flash LiteGoogle	54.4	$0.850	430
57	AApodex 1.1Apodex	54.4	$0.975	–
58	MiMo-V2.5Xiaomiopen ↗	54.3	$0.165	75
59	Qwen3.5-122B-A10BAlibabaopen ↗	54.3	$1.10	57
60	Ling 3.0 Flash FinAnt Groupopen	54.3	$0.111	–

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