Can't afford iPhone or MacBook? Now you can rent one from Apple

29th Jul, 2026

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Apple has unveiled Apple Upgrade, a new leasing program in the United States that lets customers access iPhones, iPads, Macs, and Apple Watches through affordable monthly payments instead of paying the full price upfront. Powered by Klarna, the program offers flexible options to upgrade to a newer device, purchase the leased product at the end of the term, or return it once the lease expires.

Available through Apple's website, Apple Store app, and retail stores across the US, the service is designed to make Apple devices more accessible to customers who prefer lower monthly costs over a one-time purchase.

Lease terms vary by product. iPhones and Apple Watches can be leased for 12 or 24 months, while Macs and iPads offer 24- or 36-month plans. Monthly payments start at $17.99 for iPhone, $11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad. Customers can further lower their monthly costs by trading in an eligible device through Apple Trade In, while Apple Card users can earn 3% Daily Cash on lease payments.

Getting started requires a quick Klarna application that includes a soft credit check, which does not impact the applicant's credit score. Approved customers can complete their order online or collect their device from an Apple Store. AppleCare coverage can also be added separately for extra protection.

With the introduction of Apple Upgrade, Apple has stopped accepting new enrollments for its previous iPhone Upgrade Program and iPhone Payments in the US. Existing customers can switch to the new leasing program when eligible, continue using Apple Card Monthly Installments, choose carrier financing, or purchase future devices outright.

The announcement comes ahead of Apple's anticipated September iPhone launch event, where the next generation of iPhones is expected to debut. The new leasing option could make upgrading to future Apple devices more convenient and affordable for many customers.