Best iPhones Under $500 to Buy in 2024

Finding an iPhone that balances performance and affordability can be challenging, but in 2024, Apple offers some great options under $500. Whether you're looking for a compact device or a phone with a larger screen, there's a budget-friendly iPhone that can meet your needs. Here’s a detailed guide to the best iPhones you can buy for under $500 this year.

1. iPhone SE (2024)

The iPhone SE (2024) is Apple's most affordable iPhone, packing powerful hardware into a classic design.

  • Price: Starting at $429 for the 64GB model
  • Key Features:
    • Processor: A16 Bionic chip, the same as in the iPhone 14 Pro, ensuring fast performance and efficiency.
    • Display: 4.7-inch Retina HD display, which provides vibrant colors and sharp text.
    • Camera: 12MP rear camera with advanced computational photography, offering excellent photo quality.
    • Design: Traditional design with a home button and Touch ID, providing a familiar and comfortable user experience.

The iPhone SE (2024) is ideal if you want a powerful phone with the latest technology at the most affordable price.

2. iPhone 13 Mini (128GB)

For those who prefer a compact phone with a more modern design, the iPhone 13 Mini offers a great option.

  • Price: Around $499 for the 128GB model
  • Key Features:
    • Processor: A15 Bionic chip, which delivers robust performance and efficiency.
    • Display: 5.4-inch Super Retina XDR display, offering crisp and vibrant visuals in a compact form.
    • Camera: Dual 12MP rear cameras with Night mode and Deep Fusion for enhanced photo quality.
    • Design: Lightweight and small, perfect for users who prefer a more pocketable device.

The iPhone 13 Mini is a great choice if you value a small form factor without sacrificing performance.

3. iPhone 12 (64GB)

While it's an older model, the iPhone 12 still provides solid performance and a great feature set at a reduced price.

  • Price: Approximately $499 for the 64GB model
  • Key Features:
    • Processor: A14 Bionic chip, which remains competitive in performance.
    • Display: 6.1-inch Super Retina XDR display, providing excellent color accuracy and sharpness.
    • Camera: Dual 12MP rear cameras with Night mode and 4K Dolby Vision HDR recording capabilities.
    • Design: Durable design with Ceramic Shield and a modern edge-to-edge display.

The iPhone 12 is a reliable option if you’re looking for a larger screen and a well-rounded feature set at a budget-friendly price.

Choosing the Right iPhone for Your Budget

When selecting an iPhone under $500, keep the following factors in mind:

  • Performance: The newer the model, the better the performance and longevity. The iPhone SE (2024) and iPhone 13 Mini offer the latest chips for better efficiency.
  • Size: Consider whether you prefer a compact phone like the iPhone 13 Mini or a larger screen like the iPhone 12.
  • Camera Needs: For enhanced photography capabilities, the iPhone 13 Mini and iPhone 12 offer advanced features compared to the iPhone SE.

Conclusion

In 2024, there are several excellent iPhone options available for under $500. The iPhone SE (2024) stands out as the most affordable with high performance. The iPhone 13 Mini offers a compact size with modern features, and the iPhone 12 provides a larger screen with solid performance. By considering your preferences and needs, you can find the best budget-friendly iPhone that suits your lifestyle.

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