Is Xamarin free in Visual Studio 2015?

Updated March 31st, 2016:

We have announced that Visual Studio now includes Xamarin at no extra cost, including Community Edition, which is free for individual developers, open source projects, academic research, education, and small professional teams. There is no size restriction on the Community Edition and offers the same features as the Pro & Enterprise editions. Read more about the update here: https://blog.xamarin.com/xamarin-for-all/

Be sure to browse the store on how to download and get started: https://visualstudio.microsoft.com/vs/pricing/ and there is a nice FAQ section: https://visualstudio.microsoft.com/vs/support/

Yes, Xamarin is now free in Visual Studio

I asked the same question to Xamarin support team, they replied with following:

You can develop an app with Xamarin for commercial usage - there is no extra charge! We only require you to comply with Visual Studio's licensing terms,

which means that in companies of less than 250 employees with less than $1million USD annual revenue, you may use Visual Studio completely free (including Xamarin) for up to 5 developers.

However after you pass those barriers, you would need a Visual Studio license (which includes Xamarin).

Refer the screenshot below.