Cheapest phone plan for iPhone?

I currently have an iPhone 4 though Verizon and my contract is up soon. Are there any monthly plans for an iPhone under $50 a month?

I wish but no, sorry. Verizon offers the absolute best deals. Best service. Everything is the best!

Yeap that would be with Virgin Mobile Prepaid. There are no contracts and you cancel anytime you want. They have plans starting for $35 dollars for the iphone. However you have to pay full price for the iphone for Virgin Mobile. You won't be able use a verizon iphone on Virgin Mobile.