Alternatives to Runway

3 tools that cover the same need, each with the one difference that matters most.

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Luma Dream Machine
Generative video models sold in monthly credits, from US$30 a month with no free tier on the page.
Why it’s an alternative: The other generative model here; more credits per plan but no free tier on its page.
Differs on: Flat rate from $30/mo, while Runway is free plan, paid from $12/mo.
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invideo AI
Prompt-to-video tool sold in monthly credits, from US$17 a month billed annually.
Why it’s an alternative: Turns a prompt into a whole finished video rather than individual generated shots.
Differs on: Flat rate from $17/mo, while Runway is free plan, paid from $12/mo.
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Descript
Text-based video and audio editor with AI generation, free for an hour a month and US$16 a month above that.
Why it’s an alternative: Better when the generated footage has to be edited into an existing recording.
Differs on: Free plan, paid from $16/mo, while Runway is free plan, paid from $12/mo.
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Luma Dream Machine and Descript list Runway as an alternative in turn. Alternatives are editorial relations, never votes.