12 Cheapest Mistral Models
Every active Mistral model ranked by blended price per million tokens. · verified 2026-10-23
#1 is Mistral Small 3 at $0.05 input and $0.08 output per million tokens.
// ranking
| # | model | lab | in $/1M | out $/1M | ctx |
|---|---|---|---|---|---|
| 1 | Mistral Small 3 | Mistral | $0.05 | $0.08 | 32.8K |
| 2 | Ministral 3 3B | Mistral | $0.10 | $0.10 | 131.1K |
| 3 | Ministral 3 8B | Mistral | $0.15 | $0.15 | 262.1K |
| 4 | Mistral Small 3.1 24B | Mistral | $0.10 | $0.30 | 128K |
| 5 | Voxtral Small | Mistral | $0.10 | $0.40 | 32.8K |
| 6 | Ministral 3 14B | Mistral | $0.20 | $0.20 | 262.1K |
| 7 | Mistral Small 4 | Mistral | $0.15 | $0.60 | 262.1K |
| 8 | Codestral 25.08 | Mistral | $0.30 | $0.90 | 256K |
| 9 | Magistral Small 1.2 | Mistral | $0.50 | $1.50 | 128K |
| 10 | Mistral Large 3 | Mistral | $0.50 | $1.50 | 262.1K |
| 11 | Mistral Medium 3.5 | Mistral | $1.50 | $7.50 | 262.1K |
| 12 | Pixtral Large (25.02) (US) | Mistral | $2.00 | $6.00 | 128K |
// how this ranking works
Every active Mistral 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.