Cheapest Meta Models

Match · Updated July 2026

The cheapest Meta model is Llama 3.2 1B Instruct at $0.027 per million input tokens. Llama 3.2 3B Instruct ($0.050) and Llama 3.1 8B Instruct ($0.050) round out the top three.

$0.027Input /M

60KContext

AI models ranked by input token price. The cheapest LLM APIs and most affordable AI models, from budget open-weight models to discounted frontier models.

Frequently asked

What is the cheapest Meta model?

The cheapest Meta model is Llama 3.2 1B Instruct at $0.027 per million input tokens. Llama 3.2 3B Instruct ($0.050) and Llama 3.1 8B Instruct ($0.050) round out the top three.

What's a good alternative to Llama 3.2 1B Instruct?

Llama 3.2 3B Instruct ($0.050) is the closest alternative on this metric, followed by Llama 3.1 8B Instruct ($0.050). See the full ranking above for the tradeoffs.

How many Meta models are there?

modelgrep tracks 8 Meta models with live benchmarks, speed, latency and per-provider pricing, led on intelligence by Llama 4 Maverick. 8 of them qualify for this ranking.

More Meta rankings

Meta: Smartest LLMs Meta: Best LLMs for Coding Meta: Best LLMs for Design & Frontend Meta: Fastest LLMs Meta: Lowest-Latency LLMs Meta: Best Free LLMs Meta: Best Reasoning LLMs Meta: Best Vision LLMs Meta: Best LLMs for Agents Meta: Best Open-Source LLMs Meta: Longest-Context LLMs Meta: Best LLMs for Writing Meta: Best LLMs for Math & Science Meta: Best LLMs for RAG Meta: Best LLMs for SQL & Data Analysis Meta: Best LLMs for Roleplay Meta: Best Uncensored LLMs

All rankings

Small & Fast LLMs Best Local LLMs Smartest LLMs Best LLMs for Coding Best LLMs for Design & Frontend Fastest LLMs Lowest-Latency LLMs Best Free LLMs Best Reasoning LLMs Best Vision LLMs Best LLMs for Agents Best Open-Source LLMs Longest-Context LLMs Best LLMs for Writing Best LLMs for Math & Science Best LLMs for RAG Best LLMs for SQL & Data Analysis Best LLMs for Roleplay Best Uncensored LLMs