The Apple iPhone has been one of the most popular smartphones since its launch in 2007. The iPhone generally comes with a hefty price tag. The latest models cost up to $999, depending on storage capacity and features. However, there are ways to get your hands on an iPhone without breaking the bank.

One option is to go with an older model. Apple typically launches multiple models a year, with each succeeding model bringing more features and functionality than the last. Though new service providers generally only offer the latest model, online retailers often have access to older models and even refurbished ones at a significantly lower price.

Some service providers offer affordable contracts for the latest iPhone models. For example, the basic model of the iPhone 12 is available for free with certain plans, which can save hundreds of dollars. It is important to keep in mind that longer-term contracts usually come with higher prices.

If you are on a tight budget, you may want to consider a pre-owned iPhone. Though they may be older models, they come at significantly lower prices, without sacrificing too much in terms of features. Further, some retailers offer a warranty so that you can be sure you're getting a quality device.

For those who are reluctant to commit to an iPhone, Apple now offers a rental program. You can rent a new iPhone for a month and then switch it out with a new one once the rental period has ended. The program is especially enticing since it gives users the opportunity to access the latest models without having to commit to the purchase.

At the end of the day, the price of an iPhone will ultimately depend on your needs and budget. If you are willing to take a little bit of time to shop around, there are a number of options available to you. Whether you decide to go with an older model, rent out a new one or invest in a high-end phone, you will be sure to find something that fits your needs and budget.