For in-store pickup only and with stock varying by location, Best Buy offers the Apple iPhone 5 16GB Smartphone for AT&T (no contract required) in Black/Slate, model no. MD634LL/A, for $249.99. (Select "unactivated device".) That's the lowest total price we could find for this phone without a contract by $187. This quad-band GSM 4G smartphone features a 4" 1136x640 multi-touch display, Apple A6 1.3GHz dual-core processor, 1GB RAM, up to 64GB memory, 8-megapixel iSight camera, FaceTime HD 1.2-megapixel camera, 1080p video recording, Bluetooth 4.0, 802.11n wireless, and Apple iOS 6.