The current state of research on phase transitions and critical phenomena in frustration is considered. modeled Ising models. The results obtained on the basis of highly efficient algorithms are discussed. Monte Carlo method for Ising models on lattices of various dimensions and types. A main attention given to the results of studying phase transitions, critical and thermodynamic properties of models Ising, taking into account the exchange interactions of the first and second neighbors, as well as the external magnetic fields. Phase diagrams of the dependence of the critical temperature on the value of the exchange interactions of second neighbors and an external magnetic field. The regions of observation of phase transitions of the first and second kind. The universality classes of critical behavior are established. For some models have ranges with non-universal critical behavior. Discussed features of the critical behavior of frustrated Ising models.