Cheapest Good LLMs

Value-ranked with real ratings and real prices — because a cheap model that fails the task is the most expensive one.

Live data · updated 2026-10-30 10:03 · sources: LMArena + OpenRouter

Our verdict

GLM-5.3-Flash: arena-top-20 quality at $0.18/1M output — the best deal in AI right now.

ModelOutput $/1MArena ratingValueLicense
GLM-5.3-Flash$0.181477★★★★★MIT
MiMo-V2.6-Pro$0.871480★☆☆☆☆MIT
DeepSeek-V4.1-Flash-20260910 (Max)$1.21476★☆☆☆☆MIT
MiMo-V2.5-Pro$1.81467★☆☆☆☆MIT
Grok 4.20 Beta (Reasoning, 0309)$2.51472★☆☆☆☆Proprietary
Grok 4.20 Multi-Agent Beta (0309)$2.51471★☆☆☆☆Proprietary
ERNIE 5.1$2.53531467★☆☆☆☆Proprietary
Gemini 3.8 Flash (High)$3.751496★☆☆☆☆Proprietary
Gemini 3.7 Flash (High)$3.751490★☆☆☆☆Proprietary
Gemini 3.6 Flash (High)$3.751483★☆☆☆☆Proprietary

Why cheap no longer means bad

As of 2026-10-30 10:03, the #20 model on LMArena (Gemini 3.1 Pro Preview, 1487) would have topped the board a year ago — and it costs $6 per million output tokens. The value tier now clears bars that frontier models set last year.

Where budget models still lose

Long agentic runs, subtle instruction following and tool-call reliability still separate the top 5 from the pack. For interactive chat and batch transforms, value models are fine; for autonomous agents, measure failure cost before celebrating the price.

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