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 without paying for premium features.

• Avg. market price: $27,748 (updated weekly)
• MPG/MPGe: 21 city / 29 hwy
• Inventory: 44 listings
• View EcoBoost Fastback RWD listings

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

The EcoBoost Premium Fastback RWD is ideal for those seeking a blend of performance and luxury without stepping up to a V8.

• Avg. market price: $34,608 (updated weekly)
• MPG/MPGe: 21 city / 29 hwy
• Inventory: 45 listings
• View EcoBoost Premium Fastback RWD listings

EcoBoost Convertible RWD — "Who It's For"

The EcoBoost Convertible RWD is perfect 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: 36 listings
• View EcoBoost Convertible RWD listings

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

The EcoBoost Premium Convertible RWD is for those who desire a stylish convertible with premium features and a sporty feel.

• Avg. market price: $24,207 (updated weekly)
• MPG/MPGe: 20 city / 27 hwy
• Inventory: 153 listings — widest selection in the lineup
• View EcoBoost Premium Convertible RWD listings

GT Fastback RWD — "Who It's For"

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

• Avg. market price: $36,248 (updated weekly)
• MPG/MPGe: 15 city / 24 hwy
• Inventory: 58 listings
• View GT Fastback RWD listings

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

The GT Premium Fastback RWD is for buyers seeking a luxurious experience with the power of a V8 engine.

• Avg. market price: $46,094 (updated weekly)
• MPG/MPGe: 15 city / 24 hwy
• Inventory: 122 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 high-performance convertible with luxury features.

• Avg. market price: $34,608 (updated weekly)
• MPG/MPGe: 15 city / 24 hwy
• Inventory: 112 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: $34,608 (updated weekly)
• MPG/MPGe: 14 city / 22 hwy
• Inventory: 19 listings — lower availability; may limit negotiating room
• View Mach 1 Fastback RWD listings

Trim Recommendations

Most Popular — EcoBoost Premium Convertible RWD

With 153 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 $34,608 — 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 efficiency in the lineup at 21/29 MPG.

Browse EcoBoost Fastback RWD listings

These recommendations are based on CarGurus' proprietary market data from September 12, 2026, CarGurus experts' opinions, and generative AI.

How much does the 2023 Ford Mustang cost?

Prices are up 7.25% year-over-year — a sign of continued demand for this model year.

There are 2,972 listings available, which gives you a solid pool to compare prices and equipment.

Is the 2023 Ford Mustang a good car?

Yes — the 2023 Ford Mustang earns a 5/5 user rating, which points to very strong owner satisfaction.

Owners consistently praise the performance and driving experience, and they also call out the sound system and convertible feature as standout positives. The overall appeal is strongest if you want a sporty coupe or convertible with iconic styling and a recent model-year position in the lineup. With 33.0% of listings marked as good or great deals, you still have room to shop selectively.

Is the 2023 Ford Mustang reliable?

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

The owner feedback also points to a car that many people feel good about living with over time, especially when it comes to the driving experience and overall enjoyment. That said, used buyers should still focus on maintenance history and condition, because long-term ownership risk depends heavily on how the car was driven and cared for.

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

Accident-free inventory is solid at 86.8% — always verify the vehicle history report.

You should prioritize a history report first, then inspect the car closely for signs of prior damage, uneven wear, or deferred maintenance. Pay special attention to overall condition and how well the car has been maintained, since those factors matter more than mileage alone. If you are considering an EcoBoost model, make sure the service history is especially thorough.

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

This looks like a moderate, selective buyer’s market, so you can shop carefully without feeling rushed.

• Deal availability: 33.0% of listings are priced as good or great deals.
• Inventory: There are 2,972 listings available.
• Price trend: Prices are up 7.25% year-over-year.
• Clean inventory: 86.8% of listings are accident-free.

If you find a listing below $28,733, 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 $32,739 sits slightly above last year's $30,527.

That price movement suggests the market has held up well for this model year, which can help support future resale strength if you buy carefully. A Mustang with strong condition, clean history, and desirable equipment should be easier to move later than one with visible wear or a spotty record. Because demand remains steady, a well-kept example can still appeal to a broad pool of shoppers when it is time to sell.

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:

• 33.0% of listings are priced as good or great deals.
• Accident-free inventory is solid at 86.8% — always verify the vehicle history report.
• Price trend: Prices are up 7.25% year-over-year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $37,888, the 2024 costs more than the current year's $32,739 average.
• It brings a significantly upgraded interior and technology package.

The bottom line: The 2023 is the better primary pick if you want strong satisfaction, broad availability, and a lower average price. If you are price-sensitive, the 2023 gives you the more approachable entry point while still delivering the Mustang experience; if you want the newer cabin and tech, the 2024 is the upgrade path to consider.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.