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You can easily recognize a feature phone with its physical keypad. Find the cheapest iPhones on the market today, all under $500! If you want a new iPhone but don't want to be paying premium prices, then you've come to the right place. Updated daily, we give you the cheapest iPhones available from various carriers. Apple iPhone SE (2020): Fast, powerful processing in a smaller phone. It’s been 4 years since Apple introduced a scaled-down iPhone SE. Their newest release of that model is still smaller — 2.65 inches wide and 5.45 inches tall, just under an inch shorter than the iPhone XS Max.Aug 15, 2023 · Here are our picks for the best cheap phones under $500. ... it may be your best option for a cheap iPhone for the foreseeable future. Read our full iPhone SE 2022 review. Jan 23, 2023 · Phones under $200 benefits. Offering the best phones under $200, there are a number of great benefits to buying a phone with an MVNO. 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