Yes, refurbished iPads are cheaper than new iPads. Refurbished iPads are generally 15% to 70% cheaper than new devices. The range of discounts you can get is pretty large. That's because the price varies a lot depending on stock, year of first release and cosmetic condition.
To give you some idea of how much a refurbished iPad can cost:
If you spend some time researching the best sellers and the best iPad for you, you can find the best deals on refurbished iPads. At RefurbMe, we support choice by gathering lots of devices from different sellers, and by letting you set up product alerts if you're willing to wait for a price drop.