If you're looking to save even more money, Apple does offer some models priced even lower than the iPhone 12 and 12 mini. The iPhone 11 from 2019 remains in Apple's lineup, priced at $499 ...
Apple's $499 iPhone XR from 2018 is a budget alternative to Apple's latest lineup, featuring a 6.1-inch LCD, a 12-megapixel single-lens rear camera, and an A12 chip.