Cheapest Meta Models

Quick answer · Updated June 2026

The cheapest Meta model is Llama 3.1 8B Instruct at $0.020 per million input tokens. Llama 3.2 1B Instruct ($0.027) and Llama 3.2 3B Instruct ($0.051) round out the top three.

$0.020Input /M

11.8Intelligence

145 t/sSpeed

131KContext

AI models ranked by input token price. The most affordable large language model APIs, from budget open-weight models to discounted frontier models.

Frequently asked

What is the cheapest Meta model?

The cheapest Meta model is Llama 3.1 8B Instruct at $0.020 per million input tokens. Llama 3.2 1B Instruct ($0.027) and Llama 3.2 3B Instruct ($0.051) round out the top three.

What's a good alternative to Llama 3.1 8B Instruct?

Llama 3.2 1B Instruct ($0.027) is the closest alternative on this metric, followed by Llama 3.2 3B Instruct ($0.051). See the full ranking above for the tradeoffs.

How many Meta models are there?

modelgrep tracks 13 Meta models with live benchmarks, speed, latency and per-provider pricing, led on intelligence by Llama 4 Maverick. 11 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

All rankings

Small & Fast 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