iPhone 15 Price Drop: Refurbished Model Now Available at a Much Lower Price

The iPhone 15 is now available at a significantly lower price through refurbished listings, making Apple’s 2023 smartphone an option for buyers who do not want to spend heavily on a newer iPhone. Current September 2026 listings on Back Market show refurbished iPhone 15 models starting at around $397, depending on storage, condition and other factors.

iPhone 15 Available at a Lower Price

The iPhone 15 originally launched in September 2023 with a starting price of $799 for the 128GB model in the US. Three years later, refurbished models are available at considerably lower prices.

Back Market’s current September 2026 price guide lists the iPhone 15 from around $397 for a refurbished 128GB model. Prices vary depending on whether the phone is listed as Fair, Good or Excellent condition.

iPhone 15 Refurbished Price

The current Back Market listings show different prices depending on storage and condition.

Prices can change based on seller inventory, condition, colour and carrier compatibility.

What Do Fair, Good and Excellent Mean?

Refurbished iPhone 15 models are generally separated into different cosmetic-condition categories.

A Fair model can have visible signs of previous use, while a Good model typically has lighter cosmetic marks. An Excellent model is expected to have very few visible signs of use.

Back Market says the different grades primarily describe the appearance of the device, while the refurbished phones are restored to working condition.

Is the iPhone 15 Still Worth Buying?

The lower refurbished price makes the iPhone 15 more interesting for buyers who do not need the latest iPhone. It still offers a modern design, a USB-C port, an OLED display and Apple’s A16 Bionic chip.

However, buyers should pay attention to the phone’s battery health, warranty, return policy and whether the particular refurbished unit is carrier-compatible before purchasing.

iPhone 15 Price in India

Indian buyers may see very different pricing from the US refurbished market. Current Flipkart listings show the iPhone 15 128GB at around ₹59,900 before applicable offers, although prices and availability can change.

This means the US refurbished deal should not be treated as the Indian market price. Buyers in India should compare refurbished and new-stock prices before making a purchase.

Should You Buy the iPhone 15 in 2026?

The iPhone 15 can make sense in 2026 if the main priority is getting an iPhone at a lower price. A refurbished model can offer substantial savings compared with buying a newer-generation device.

However, the final value depends on the condition of the phone, battery health, storage capacity and warranty. With refurbished prices changing frequently, buyers should check the listing carefully before placing an order.

FAQs

What is the iPhone 15 refurbished price?
Current September 2026 Back Market listings show refurbished iPhone 15 models starting at around $397, although prices vary by storage and condition.

What was the original iPhone 15 price?
The iPhone 15 launched in September 2023 with a starting US price of $799 for the 128GB model.

Is the iPhone 15 worth buying in 2026?
It can be a good option for buyers looking for a lower-priced iPhone, particularly when a refurbished model is available at a substantial discount. Buyers should check battery health, condition, warranty and return terms before purchasing.