Summary

• With 149 currently listed for sale near Knoxville, TN and an average price of $46,995.00, 59.1% of 2023 Lexus IS models for sale on CarGurus are rated as good or great deals.

• Favorably reviewed: Owners rated the 2023 Lexus IS 4.8 / 5 stars.

• 100.0% of 2023 Lexus IS models on CarGurus are accident free.

Why it stands out

The 2023 Lexus IS stands out as a compact luxury sedan that leans hard into driver appeal. Lexus positions the IS as a fun-to-drive sports sedan and an entry-level model in its lineup, and that formula helps explain why it attracts younger buyers with its comparatively low price point and compact proportions. It is also described as ideal for young professionals or for drivers who rarely bring passengers, which fits its personality well.

For 2023, the IS benefits from the third generation’s broader mix of comfort, technology, and safety equipment. The generation’s 2021 refresh brought Apple CarPlay and Android Auto, a touchscreen display update, and standard features such as NuLuxe synthetic leather seats, an eight-inch infotainment screen, passive entry, push-button start, dual automatic climate controls, and 18-inch wheels. Standard Lexus Safety System+ adds automatic emergency braking, pedestrian detection, lane departure warning, adaptive cruise control, automatic high beams, and lane-trace assist, while blind spot monitoring and rear cross-traffic alert are also standard. That combination gives the 2023 Lexus IS a strong blend of everyday usability and modern convenience.

Its strengths are balanced by a few familiar compromises. The IS is praised for being fun to drive and for offering easy-to-use technology and standard advanced safety features, but it also has not much cargo space, cramped back seats, and poor fuel economy. Owners also tend to like its sporty design, smooth performance, luxurious interior, and handling, though some note that the sound system could be better.

Other model years to consider

• 2024 Lexus IS

  • Average price: $47,247.00
  • Good/great deal percentage: 56.1%
  • Total listings: 148

• 2016 Lexus IS

  • Average price: $24,995.00
  • Good/great deal percentage: 34.1%
  • User rating: 4.9 / 5
  • Total listings: 85

• 2015 Lexus IS

  • Average price: $16,990.00
  • Good/great deal percentage: 36.0%
  • User rating: 4.6 / 5
  • Total listings: 89

This analysis is based on CarGurus' proprietary market data from August 6, 2026, CarGurus experts' opinions, and generative AI.