Baby video monitors with all the latest bells and whistles cost around $200, sometimes more depending on the feature set. However, you can find solid baby monitors for $100 to $150 less than that, though you'll sacrifice on video resolution and some features. Cloud storage can add to the cost of a baby monitor in the form of an ongoing subscription, though that feature is usually optional.
If your internet goes down, your baby monitor goes down. A wifi baby monitor uses your home's internet connection to communicate to servers, then to your app. So if your internet connection goes down, then you will no longer be able to stream video of your baby. That's a huge consideration to keep in mind because you never know when your internet will slow down or simply stop working for several minutes or hours, and you will be stuck without a working baby monitor. There are a few wifi baby monitors that will still communicate locally (within your home's network) when the internet goes down, such as the Lollipop or Nanit. They do this by switching from internet to local area network when an outage is detected, so you can have confidence that if you're connected to your home wifi you'll still see your baby.
Gone are the days of silently peeking into the nursery to check on your napping baby and then, whoops, accidentally waking them up (“No, no, please no!”). A baby monitor uses a camera to watch over the crib, while you carry a handheld device that lets you know what’s going on with your child at any given moment, no matter where you are in your home. There are also other monitors that track sleep or breathing either with a clip or sock.