Can I buy the Verizon iPhone 4 without a contract?

Yes. You can avoid a two-year contract with Verizon Wireless buy purchasing the iPhone 4 at full retail price. The cost runs $649.99 for the 16GB model and $749.99 for the 32GB model. These prices are $50 higher than the full retail price of the AT&T iPhone 4.

For comparison, signing a two-year contract with Verizon results in subsidized pricing of $199 for the 16GB iPhone 4 and $299 for the 32GB model, same as AT&T.