Today Apple's online store has a great selection of refurbished iMacs at discounted prices. They start at $929 for the 21.5-inch iMac with a 3.06GHz Intel Core i3 processor, 4GB of RAM and a 500GB hard drive. For just a little bit more upgrade to the 21.5-inch refurb. iMac with a 3.2GHz Intel Core i3 processor, 4GB of RAM and a 1TB hard drive, now priced at $1099 after a $200 price cut.