Used 2023 Ford Mustang for Sale nearChicago, IL

Compare 2023 Ford Mustang Trims in Chicago, IL

The Mustang offers a range of trims from budget-friendly options to high-performance models, all featuring RWD.

• Starting at $20,995
• Best MPG/MPGe: 21 city / 29 hwy
• Most Popular: EcoBoost Premium Convertible RWD

Trim Overview

Prices updated weekly from CarGurus listings.

Quick Compare Table

Listing prices sourced from CarGurus — updated weekly. OEM specs from manufacturer data.

Missing data displayed as "—".

Trim Deep Dives

EcoBoost Fastback RWD — "Who It's For"

The EcoBoost Fastback RWD is the pick for shoppers who want a sporty coupe experience without breaking the bank.

• Avg. market price: $26,159 (updated weekly)
• MPG/MPGe: 21 city / 29 hwy
• Inventory: 42 listings
• View EcoBoost Fastback RWD listings

EcoBoost Premium Fastback RWD — "Who It's For"

The EcoBoost Premium Fastback RWD is the choice for those seeking added luxury features without a significant price jump.

• Avg. market price: $32,415 (updated weekly)
• MPG/MPGe: 21 city / 29 hwy
• Inventory: 41 listings
• View EcoBoost Premium Fastback RWD listings

EcoBoost Convertible RWD — "Who It's For"

The EcoBoost Convertible RWD is ideal for buyers wanting an affordable drop-top experience without sacrificing performance.

• Avg. market price: $20,995 (updated weekly)
• MPG/MPGe: 20 city / 27 hwy
• Inventory: 30 listings
• View EcoBoost Convertible RWD listings

EcoBoost Premium Convertible RWD — "Who It's For"

The EcoBoost Premium Convertible RWD is perfect for those who desire a stylish convertible with premium features and a wide selection.

• Avg. market price: $24,603 (updated weekly)
• MPG/MPGe: 20 city / 27 hwy
• Inventory: 150 listings — widest selection in the lineup
• View EcoBoost Premium Convertible RWD listings

GT Fastback RWD — "Who It's For"

The GT Fastback RWD is for performance enthusiasts who want a powerful V8 without the highest price tag.

• Avg. market price: $35,996 (updated weekly)
• MPG/MPGe: 15 city / 24 hwy
• Inventory: 54 listings
• View GT Fastback RWD listings

GT Premium Fastback RWD — "Who It's For"

The GT Premium Fastback RWD is for buyers seeking a high-performance V8 with luxury features and a premium feel.

• Avg. market price: $46,491 (updated weekly)
• MPG/MPGe: 15 city / 24 hwy
• Inventory: 131 listings — widest selection in the lineup
• View GT Premium Fastback RWD listings

GT Premium Convertible RWD — "Who It's For"

The GT Premium Convertible RWD is for those who want a powerful convertible with all the luxury features.

• Avg. market price: $32,415 (updated weekly)
• MPG/MPGe: 15 city / 24 hwy
• Inventory: 113 listings — widest selection in the lineup
• View GT Premium Convertible RWD listings

Mach 1 Fastback RWD — "Who It's For"

The Mach 1 Fastback RWD is for performance seekers wanting a fully loaded Mustang with unique styling.

• Avg. market price: $32,415 (updated weekly)
• MPG/MPGe: 14 city / 22 hwy
• Inventory: 14 listings — lower availability; may limit negotiating room
• View Mach 1 Fastback RWD listings

Trim Recommendations

Most Popular — EcoBoost Premium Convertible RWD

With 150 active listings, the EcoBoost Premium Convertible RWD is the clear volume leader in the lineup.

Browse EcoBoost Premium Convertible RWD listings

Best Budget Option — EcoBoost Convertible RWD

At $20,995 avg market price — below the lineup median of $32,415 — it's the most accessible entry point.

Browse EcoBoost Convertible RWD listings

Best for Fuel Economy — EcoBoost Fastback RWD

The EcoBoost Fastback RWD offers the best fuel economy in the lineup at 21/29 MPG/MPGe.

Browse EcoBoost Fastback RWD listings

These recommendations are based on CarGurus' proprietary market data from September 2, 2026, CarGurus experts' opinions, and generative AI.

How much does the 2023 Ford Mustang cost?

Prices are up 8.08% year-over-year — a sign of continued demand for this model year.

There are 3,162 listings available, which gives you a meaningful pool to compare before you buy.

If you find a listing below $28,724.70, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Ford Mustang a good car?

Yes — owners rate it 5/5, which points to very strong overall satisfaction.

Owners consistently praise the blend of performance, aesthetics, and value, and many also call out the driving experience, the sound system, and the convertible feature. That lines up well with the Mustang’s role as a sporty coupe or convertible for buyers who want style and engagement without giving up everyday usability.

With 28.5% of listings priced as good or great deals, you still have room to shop selectively and compare examples carefully.

Is the 2023 Ford Mustang reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The owner feedback emphasizes a car that feels dependable in the ways that matter to enthusiasts: strong performance, a satisfying driving experience, and a package that keeps people happy over time. That said, used buyers should pay close attention to maintenance records and overall condition, especially because long-term ownership risk rises when a performance car has been driven hard or serviced inconsistently.

What should I look for when buying a used 2023 Ford Mustang?

Accident-free inventory is solid at 88.5% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a pre-purchase inspection that checks for signs of hard use, deferred maintenance, or prior repairs. Condition matters especially on a performance car, so pay close attention to service records, drivetrain behavior, and any evidence that the car was modified or tracked.

Is now a good time to buy a used 2023 Ford Mustang?

This is a seller’s market, so you should act selectively and be ready to move when a strong listing appears.

• Deal availability: 28.5% of listings are priced as good or great deals.
• Inventory: There are 3,162 listings available.
• Price trend: Prices are up 8.08% year-over-year.
• Clean inventory: 88.5% of listings are accident-free.

If you find a listing below $28,724.70, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Mustang's resale value?

The current average of $33,001 sits slightly above last year's $30,532.

That upward move suggests the market still values this model year, which can help support resale strength if you buy well and keep the car in good condition. A Mustang with clean history, strong maintenance, and desirable equipment should be easier to move later than one with questionable records or visible wear.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Ford Mustang or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 28.5% of listings are priced as good or great deals.
• Accident-free inventory is solid at 88.5% — always verify the vehicle history report.
• Price trend: Prices are up 8.08% year-over-year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $37,878, the 2024 costs more than the current year's $33,001 average.
• It adds a more modern interior and upgraded technology.

The bottom line: If you want the stronger value play, the 2023 is the better starting point because it combines a lower average price with solid deal availability and strong owner satisfaction. If you’re willing to pay more for newer tech and a fresher cabin, the 2024 is the better alternative; if price matters most, stick with the 2023 and shop carefully for a clean, well-maintained example.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.