As of 2015, the cheapest rate plan for an iPhone 5 amongst the four major mobile network providers is provided by T-Mobile. The pricing of this plan totals 70 dollars per month according to PhoneArena.com.
The T-Mobile Simple Choice plan is an all inclusive plan. The Simple Choice plan includes unlimited data, minutes and text messaging all for one low price. T-Mobile boasts a large 4G network covering a total of around 220 million people. The coverage is less than the other mobile providers, such as Verizon (89% of the population), but comes at a much more affordable price. T-Mobile also is the only major provider with no contract for their plan. All other major providers require a two year contract, according to phoneareana.com.