You can also find refurbished iPhone 12 and iPhone 13 models that are under $500 on websites like Amazon or Gazelle, but warranty policies vary depending on the seller and condition.
Although Apple's iPhone SE is the only iPhone under $500 that the company currently sells new, there are options for getting a cheaper iPhone with a more modern design. Apple often sells its iPhone 12 and iPhone 12 Mini in its Certified Refurbished store, where both models go for roughly $500 depending on the storage option (as of this writing, the iPhone 12 Mini with 256GB of space sells for $509). Apple even includes a one-year warranty on these refurbished models, which is identical to what the company provides for brand-new devices. You can also find refurbished iPhone 12 and iPhone 13 models that are under $500 on websites like Amazon or Gazelle, but warranty policies vary depending on the seller and condition.