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 7.31% year-over-year — a sign of continued demand for this model year.

There are 3,048 listings available, which suggests a healthy amount of inventory for shoppers to compare.

If you find a listing below $28,727.76, 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 satisfaction with this model year.

Owners consistently praise the performance, the driving experience, and the styling, and many also call out the sound system and convertible feature as standout positives. The overview also shows why it fits a wide range of buyers: you get a sports car with rear-wheel-drive character and multiple powertrain choices, so you can shop for something more accessible or more performance-focused. With 32.9% of listings priced as good or great deals, you also have a decent chance to find value if you shop carefully.

Is the 2023 Ford Mustang reliable?

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

The owner feedback points to a car people feel good about living with, especially when it comes to performance and overall enjoyment. That said, the model-year overview also highlights maintenance-sensitive areas, so reliability depends heavily on how well the previous owner cared for it. For used buyers, the main long-term ownership risk is ending up with a car that has been driven hard or poorly maintained.

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

Accident-free inventory is solid at 87.8% — 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 damage. Pay close attention to overall condition, because this model year’s appeal depends heavily on how it was driven and maintained. A clean-looking car is not enough; you want proof that the mechanical and cosmetic condition matches the asking price.

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

This is a moderate market, so you can buy now if the right car shows up, but selective shoppers still have room to wait for a better deal.

• Deal availability: 32.9% of listings are priced as good or great deals.
• Inventory: There are 3,048 listings available.
• Price trend: Prices are up 7.31% year-over-year.
• Clean inventory: 87.8% of listings are accident-free.

If you find a listing below $28,727.76, 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 $32,802 sits slightly above last year's $30,567.

That upward move suggests the market is still willing to pay for this model year, which can help support resale value if you buy well and keep the car in strong condition. The price trend also shows that demand has remained steady enough to push values higher rather than soften. For a future seller, that means a clean, well-documented Mustang should remain easier to move than a neglected one.

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:

• 32.9% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.8% — always verify the vehicle history report.
• Price trend: Prices are up 7.31% year-over-year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $37,760, the 2024 costs more than the current year's $32,802 average.
• It adds a more modern interior and upgraded technology.

The bottom line: You should start with the 2023 if you want strong owner satisfaction, solid inventory, and a lower average price. If you care more about newer tech and are willing to pay more, the 2024 is the better upgrade path. For price-sensitive buyers, the 2023 is the smarter first stop because it keeps the Mustang formula intact while leaving more room in your budget.

These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.