Mistral Medium 3 API pricing
Mistral · Mid-range price tier · released 2025-05. Prices in USD per 1 million tokens. Data snapshot: 2026-11-12.
Deprecated. The model maker has announced retirement of this model's API · shutdown 2026-08-31 · suggested replacement: Mistral Medium 3.5. It still carries a price because hosts still serve it; treat it as a model to migrate off, not one to start on.
A support ticket workload of 100K requests a month costs $160.00 on Mistral Medium 3; the next cheaper model in the Mid-range price tier for this workload, Qwen3.5-122B-A10B, does it for $143.00. Mistral Medium 3 has held the same list price since 2026-08-15 and is the 4th cheapest of 113 models in the Mid-range price tier. Only one host, Mistral, sells it, so there is no second price to shop. Its maker has announced its retirement, so it is a model to migrate off rather than start on.
- Input: $0.40 per 1M tokens
- Output: $2.00 per 1M tokens
- Batch API (in/out): Not published
- Prompt-cache read: $0.04 per 1M tokens
- Context window: 131K tokens
- Arena ELO: 1370 as of 2026-11-08
Market position
On blended price ($1.52 per 1M tokens at 30% input, 70% output) it is cheaper than 95% of models in the Mid-range price tier: 4th cheapest of 113, tied with 3 others. Across every price tier it is cheaper than 46% of priced text models in the catalogue: 162nd cheapest of 303, tied with 3 others. Its Arena ELO of 1370 ranks 117th of the 160 models that carry one, above 27% of them.
Licence, size and capabilities
No licence is recorded for Mistral Medium 3, so this page does not say whether it can be self-hosted. Its parameter count is not published. Listed capabilities: Text, Vision, Agents. Filling its 131K context window once costs $0.0524 in input tokens at list price.
Pricing by host
A host is a company that runs the model and sells it by the token: the model maker, a cloud platform like Amazon Bedrock, Azure or Vertex, or an independent host. One model, several hosts, and often several prices. This model is sold by 1 host. The price we quote elsewhere on this page is marked. We quote one host's rate so that models stay comparable; it is not a recommendation to buy there.
Mistral is the only host with a published rate, $0.40 input / $2.00 output per 1M tokens, which is the price we quote.
| Host | Input $/1M | Output $/1M |
|---|---|---|
| Mistral (model maker, price we quote) | $0.40 | $2.00 |
List prices as published on 2026-11-12, via OpenRouter. Negotiated rates, committed-use discounts and provisioned capacity are not shown.
Monthly cost at 100K requests, by business use case
From the after-discounts figure (prompt caching on the cached input share, batch API for async workloads, only where Mistral publishes those rates), which assumes you implement both, to the list price. One figure means no discount is published.
| Use case | Tokens (in/out) | Monthly (after discounts – list) |
|---|---|---|
| Support Ticket | 1,500 / 500 | $128 – $160 |
| Knowledge Q&A | 2,000 / 800 | $190 – $240 |
| Meeting Summary | 10,000 / 1,200 | $604 – $640 |
| Marketing Content | 2,500 / 1,800 | $442 – $460 |
| Coding Task | 3,000 / 2,000 | $466 – $520 |
| Invoice Processing | 1,500 / 600 | $164 – $180 |
| Call Summary | 2,000 / 700 | $213 – $220 |
| Agent Workflow | 6,000 / 3,000 | $689 – $840 |
Price history
Mistral Medium 3 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.40 input / $2.00 output per 1M tokens. No list price change since tracking began on 2026-08-15. Last checked against the 2026-11-12 snapshot.
Alternatives to Mistral Medium 3
1 of the 4 comparable models below costs less than Mistral Medium 3: GPT-5 Mini undercuts it by 3%, and scores 4 Arena points higher.
- Next cheaper model in the Mid-range price tier: Seed-2.0-Lite (ByteDance) at $1.475 blended, 3% less.
- Next more expensive: Qwen3.5-122B-A10B (Alibaba) at $1.534 blended, 1% more.
The nearest models in the Mid-range price tier on Arena ELO, each with its blended price and score difference against Mistral Medium 3.
- Kimi K2 0711 (Moonshot): $0.57 in / $2.30 out per 1M, Arena ELO 1371 (17% more expensive, 1 ELO point higher)
- GPT-5 Mini (OpenAI): $0.25 in / $2.00 out per 1M, Arena ELO 1374 (3% cheaper, 4 ELO points higher)
- Nova 2 Lite (Amazon): $0.30 in / $2.50 out per 1M, Arena ELO 1362 (21% more expensive, 8 ELO points lower)
- Kimi K2 0905 (Moonshot): $0.60 in / $2.50 out per 1M, Arena ELO 1380 (27% more expensive, 10 ELO points higher)
- Cheapest within 15 Arena points: Qwen3 30B A3B Instruct 2507 (Alibaba), 84% cheaper, 14 ELO points higher, out of 16 models in that band.
- Highest Arena ELO within 20% of this price: MiMo-V2.5-Pro (Xiaomi), 8% cheaper, 94 ELO points higher, out of 18 models in that price band.
Other models from Mistral
The 8 nearest to Mistral Medium 3 in price, of 19 other Mistral models in the catalogue. Prices per 1M tokens, input then output.
- Mistral Small 3.1 24B: $0.351 / $0.555
- Codestral 2508: $0.30 / $0.90
- Mistral Large 3 2512: $0.50 / $1.50
- Devstral 2 2512: $0.40 / $2.00
- Mistral Medium 3.1: $0.40 / $2.00
- Mistral Large 4: $0.70 / $2.10
- Mistral Large: $2.00 / $6.00
- Mistral Large 2407: $2.00 / $6.00
All 20 Mistral models and prices
Common questions about Mistral Medium 3 pricing
- How much does Mistral Medium 3 cost?
- Mistral Medium 3 costs $0.40 per 1M input tokens and $2.00 per 1M output tokens. That is the model maker's own rate (Mistral). Prices as listed on 2026-11-12.
- Which host is cheapest for Mistral Medium 3?
- Mistral is the only host with a published rate, $0.40 input / $2.00 output per 1M tokens, which is the price we quote. Host rates as listed on 2026-11-12.
- Does Mistral Medium 3 offer batch or cached pricing?
- Yes, for prompt caching only. Cache reads cost $0.04 per 1M tokens, as listed on 2026-11-12. No batch pricing is published.
- What would Mistral Medium 3 cost per month?
- With the Support Ticket profile (1,500 input and 500 output tokens per request), 100,000 requests a month cost about $160 on Mistral Medium 3 at the list price quoted on 2026-11-12.
- Can Mistral Medium 3 be self-hosted?
- No licence is recorded for Mistral Medium 3, so this page does not say whether it can be self-hosted.
- Has the price of Mistral Medium 3 changed?
- Mistral Medium 3 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.40 input / $2.00 output per 1M tokens. No list price change since tracking began on 2026-08-15. Last checked against the 2026-11-12 snapshot.
It publishes a prompt-cache rate, which is the discount most often left out of a budget: what prompt caching saves.
These are list prices. Your real cost also depends on caching and batching, negotiated discounts, marketplace agreements, and the contracts you already have. OptimNow audits exactly that.
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