After recent price hikes, all the latest Macs, iPads, and other Apple devices like HomePods cost way more money than they did just a few months ago. The iPhone is likely next to see price hikes. In an age when gadget prices are out of control, Apple is giving you the option to effectively rent your next iPhone or MacBook, rather than ever owning it outright. We finally have the full details for the Apple Upgrade program, and it’s exactly what leaks promised it would be. Would-be Apple buyers will have the option to lease iPhones or Apple Watches on one or two-year terms. There are also multiple options for the latest Macs or iPads for two- or three-year stints. The price you pay for these lease terms will be much less than if you just bought each product at MSRP. Of course, any car owner will tell you to read the fine print before you go ahead and agree to any multi-year lease. Apple’s using the Klarna payments app for all its renting options. Lease terms will depend on the regular retail price of that shiny new device you crave. For iPhones, you have either a 12- or 24-month lease period. Pricing starts at $17.99 per month for the iPhone 17e; the iPhone 17 starts at $22.99 per month; the iPhone Air at $28.99 per month; and the iPhone 17 Pro starts at $31.99 per month. You can see a breakdown for starting prices below, which come with the base storage available for each iPhone model: