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Current-generation main battle tanks cost anywhere between $1.5 and $10 million each to produce, depending on the specific design, options included, and country where manufactured. Upgrades to existing designs can cost up to $1 million per vehicle.
Generally speaking, Western designs (M1, Challenger 2, Leopard 2, Merkava) cost the most, as they are the most advanced. Russian and Chinese versions are significantly cheaper, especially the stripped-down "export" versions. Domestically-designed tanks in Pakistan, India, Japan, and South Korea are also very expensive, mostly due to very high design costs (as those countries are new to designing MBTs).
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