No, it’s not Walmart with these cheap iPhones, but rather AT&T. How is AT&T offering these cheap iPhones? Well they’re refurbs.

$99 Walmart iPhone rumors have been dominating the Internet for the past month, with the final word saying that the rumors were false. Anyone who had their sights set on a cheap iPhone shouldn’t lose hope though. AT&T is now offering refurbished 3G iPhones at super low prices with a 2 year contract. It’s not a bad deal either considering that the phones still have a 90 day warranty and were lightly used beforehand (from previous owners in a 30 day trial period). Read the complete description of the refurbished phones here.

These deals on refurb iPhones will last until December 31.

Here’s how the prices stack up:

• iPhone 3G 8GB Black – $99US
• iPhone 3G 16GB Black – $199US
• iPhone 3G 16GB White – $199US

Find them on the AT&T website under refurbished phones.

Via TUAW