The price of iPhone 5 ranges in price from $199 to $399. The iPhone comes with 16GB, 32GB and 64GB of internal storage space. It is available in only two colors, black and silver. You can also choose to buy the unlocked version which will be more expensive than the other contract version. See http://store.apple.com/us/buy/home/shop_iphone/family/iphone5 for reference.