While you're at it, check out the iPhone 5c as well. If you're already looking at the iPhone 5 then you're probably not concerned with the latest specifications. You're looking for a smartphone that gets the job done without the big price tag. Well, then the iPhone 5c is certainly worth looking at.
It has the same 4-inch Retina Display, a speedy processor, solid camera, and a colorful design that comes with a number of choices. It's plastic, not metal, but there will be plenty of you that don't care about that.
It's cheaper than the iPhone 5s, it starts at $99 at Apple, and Walmart just permanently dropped the iPhone 5c down to $29 on-contract. That's a price, and a device, worth investigating.