Apple will now let you lease your next iPhone or Mac instead of buying itApple is launching a new leasing program to make iPhones, Macs and other products feel more affordable at a time when electronics prices are climbing. This new leasing plan replaces the iPhone Upgrade Program, which allowed consumers to swap out iPhones after making 12 monthly payments. The new plan aims to apply a similar concept to a broader range of Apple products while offering more flexibility in payment plans and lower monthly costs. The cheapest iPhone leasing option costs $17.99 per month, while the iPhone upgrade plan starts at about $42 per month, according to Apple's website. "Apple Upgrade lands at precisely the moment Apple needs it," he said.