The Cheapest LLM APIs in August 2026: Real Prices, Not Teasers

Published August 25, 2026 · 7 min read

Model pricing moved a lot this year, and most "cheapest API" lists still quote numbers from spring. This one uses the live rate cards as of August 25, 2026 — all official-direct prices, all callable through a single NovAI key.

The budget ranking (input / output, per 1M tokens)

ModelInputOutputContext
qwen3.5-flash$0.063$0.3361M
minimax-text-01$0.14$1.131M
deepseek-v4-flash$0.21$0.631M
qwen-plus$0.26$0.78128K
minimax-m2.5$0.282$1.128200K
qwen3-max$0.33$1.32256K
deepseek-v4-pro$0.63$1.901M
glm-5$0.671$3.021128K
qwen3.8-max (flagship)$1.67$5.00256K

And one entry that breaks the scale: glm-4.6v-flash is free — a vision-capable model at $0 per token, no daily cap.

What a real workload costs

Take a support-bot pipeline: 2,000 requests/day, ~800 input tokens and ~300 output tokens each. On qwen3.5-flash that is 1.6M input + 0.6M output per day = $0.30/day, about $9/month. The same traffic on a $1.67/$5.00 flagship runs ~$55/month. For most routing/classification/extraction workloads the budget tier passes the same evals — run your own before paying flagship rates.

Three traps to avoid

1. Ignoring context window. A cheap model with 8K context forces chunking pipelines that multiply token usage. Every model above has at least 128K.

2. Comparing input price only. Summarization and agent workloads are output-heavy; minimax-text-01 looks cheap until you multiply output volume by $1.13.

3. Paying for a relay markup. Aggregators add 5%+ on top of list price. NovAI bills at provider list rates with no platform fee, and USDT (TRC20) are accepted.

Starting point for most teams: qwen3.5-flash for volume work, deepseek-v4-pro when quality matters, and reserve the flagships for tasks nothing cheaper passes.

Try it free on NovAI

$2 free credit · no card required · OpenAI-compatible API

Start Free →

Or test it in the playground →

Related: Qwen 3.8 Max guide · Kimi K3 pricing