3 Cheapest MiniMax Models (Oct 2026)

// ranking

#	model	lab	in $/1M	out $/1M	ctx
1	MiniMax-M3.1-Flash	MiniMax	$0.15	$0.60	1M
2	MiniMax-M3	MiniMax	$0.30	$1.20	1M
3	MiniMax M1 80K	MiniMax	$0.55	$2.20	1M

// how this ranking works

Every active MiniMax model ranked by blended price per million tokens. Only active models with a published price and context window are included. Prices are base-tier list prices in USD per million tokens; the blended price weights input and output 3:1, a typical mix for chat and RAG workloads. The data comes from models.dev and is refreshed every day, so this ranking changes as soon as a provider changes its prices.

// other rankings

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