Used 2023 Lexus IS for Sale nearMemphis, TN
Shop with transparent pricing.
Only show listings that include dealer fees- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Atomic Silver
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 66,338
- Stock #:
- P5063985
- VIN:
- JTHGZ1B23P5063985
Sponsored by AutoNation Honda 385
2023 Lexus IS
350 F SPORT RWD
66,338 mi
$38,998
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Gray
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Dual Clutch
- Mileage:
- 59,449
- Stock #:
- H6332
- VIN:
- JTHGZ1B2XP5064308
-$2,263
Sponsored Listing
2023 Lexus IS
350 F SPORT RWD
59,449 mi
$41,159
$38,896
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Gray
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 74,958
- Stock #:
- 70128260
- VIN:
- JTHGZ1B24P5059038
-$1,000
2023 Lexus IS
350 F SPORT RWD
74,958 mi
$38,397
$37,397
- Year:
- 2022
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Black (Caviar)
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- White
- Transmission:
- 8-Speed Automatic
- Mileage:
- 56,338
- Stock #:
- C7382
- VIN:
- JTHGZ1B22N5054272
-$988
2022 Lexus IS
350 F Sport RWD
56,338 mi
$39,602
$38,614
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Atomic Silver
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 66,338
- Stock #:
- P5063985
- VIN:
- JTHGZ1B23P5063985
2023 Lexus IS
350 F SPORT RWD
66,338 mi
$38,998
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- White
- Combined gas mileage:
- 22 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 30,494
- Stock #:
- 70140443
- VIN:
- JTHGZ1E22P5032948
2023 Lexus IS
350 F SPORT AWD
30,494 mi
$43,897
- Year:
- 2024
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Red
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 5,763
- Stock #:
- 28974981
- VIN:
- JTHGZ1B22R5077010
2024 Lexus IS
350 F Sport RWD
5,763 mi
$45,147
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Iridium
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 67,636
- Stock #:
- 26179
- VIN:
- JTHGZ1B24P5063834
2023 Lexus IS
350 F SPORT RWD
67,636 mi
$35,902
- Year:
- 2022
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Grecian Water
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 65,695
- Stock #:
- 44431
- VIN:
- JTHGZ1B27N5049374
2022 Lexus IS
350 F Sport RWD
65,695 mi
$37,484
- Year:
- 2022
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Ultra White
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black w/Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 75,045
- Stock #:
- H14801A
- VIN:
- JTHGZ1B20N5050091
2022 Lexus IS
350 F Sport RWD
75,045 mi
$37,557
- Year:
- 2022
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 260 hp 3.5L V6
- Exterior color:
- Eminent White Pearl
- Combined gas mileage:
- 22 MPG
- Fuel type:
- Gasoline
- Interior color:
- Glazed Caramel
- Transmission:
- 6-Speed Automatic
- Mileage:
- 48,123
- Stock #:
- PE048604
- VIN:
- JTHD81F24N5048604
2022 Lexus IS
300 AWD
48,123 mi
$34,751
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Exterior color:
- Cloudburst Gray
- Interior color:
- Circuit Red
- Transmission:
- 6-Speed Automatic
- Mileage:
- 42,697
- Stock #:
- 028585CP
- VIN:
- JTHGZ1E25P5028585
-$1,000
2023 Lexus IS
350 F SPORT 3 AWD
42,697 mi
$42,751
$41,751
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Iridium
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Circuit Red
- Transmission:
- 8-Speed Automatic
- Mileage:
- 40,148
- Stock #:
- 7326
- VIN:
- JTHGZ1B29P5060721
2023 Lexus IS
350 F SPORT RWD
40,148 mi
$42,826
CarGurus Analysis:
2023 Lexus IS
With 107 currently listed for sale near Memphis, TN and an average price of $38,391.00, 50.5% 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.
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- White
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 26,544
- Stock #:
- 70145548
- VIN:
- JTHGZ1B24P5067558
2023 Lexus IS
350 F SPORT RWD
26,544 mi
$46,197
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 241 hp 2L I4
- Exterior color:
- Red
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 16,474
- Stock #:
- 70182170
- VIN:
- JTHCA1D24P5127244
2023 Lexus IS
300 RWD
16,474 mi
$36,447
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Gray
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Dual Clutch
- Mileage:
- 59,449
- Stock #:
- H6332
- VIN:
- JTHGZ1B2XP5064308
-$2,263
2023 Lexus IS
350 F SPORT RWD
59,449 mi
$41,159
$38,896
- Year:
- 2024
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Ultra White
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 35,686
- Stock #:
- 1LC8060
- VIN:
- JTHBZ1B28R5078060
2024 Lexus IS
350 F Sport Design RWD
35,686 mi
$42,690
- Year:
- 2024
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Gray
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 19,002
- Stock #:
- 081504
- VIN:
- JTHBZ1B20R5081504
2024 Lexus IS
350 F Sport Design RWD
19,002 mi
$45,023
- Year:
- 2024
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 241 hp 2L I4
- Exterior color:
- Black (Caviar)
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Rioja Red
- Transmission:
- 8-Speed Automatic
- Mileage:
- 22,904
- Stock #:
- 131102
- VIN:
- JTHBA1D26R5131102
2024 Lexus IS
300 F Sport Design RWD
22,904 mi
$39,728
- Year:
- 2024
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Ultra White
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Rioja Red w/ Black Metallic Trim
- Transmission:
- 8-Speed Automatic
- Mileage:
- 8,693
- Stock #:
- 081764
- VIN:
- JTHBZ1B24R5081764
2024 Lexus IS
350 F Sport Design RWD
8,693 mi
$46,581
- Year:
- 2024
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Exterior color:
- Pearl
- Interior color:
- Black
- Transmission:
- 6-Speed Automatic
- Mileage:
- 20,000
- Stock #:
- 4260
- VIN:
- JTHD81F24R5054165
2024 Lexus IS
300 Ultra Luxury AWD
20,000 mi
$49,352
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 241 hp 2L I4
- Exterior color:
- Silver
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 51,771
- Stock #:
- 28600730
- VIN:
- JTHDA1D20P5125043
-$1,000
2023 Lexus IS
300 RWD
51,771 mi
$33,197
$32,197
- Year:
- 2023
- Make:
- Lexus
- Model:
- IS
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 311 hp 3.5L V6
- Exterior color:
- Gray
- Combined gas mileage:
- 24 MPG
- Fuel type:
- Gasoline
- Interior color:
- Circuit Red
- Transmission:
- 8-Speed Automatic
- Mileage:
- 62,002
- Stock #:
- 7656
- VIN:
- JTHGZ1B26P5068274
2023 Lexus IS
350 F SPORT RWD
62,002 mi
$40,124
CarGurus Analysis: 2023 Lexus IS
Summary
With 107 currently listed for sale near Memphis, TN and an average price of $38,391.00, 50.5% 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
- Average price: $13,909.00
- Good/great deal percentage: 32.9%
- User rating: 4.78 / 5
- Total listings: 79
- Average price: $22,387.00
- Good/great deal percentage: 33.8%
- User rating: 4.9 / 5
- Total listings: 77
- Average price: $21,998.00
- Good/great deal percentage: 36.9%
- User rating: 4.5 / 5
- Total listings: 65
This analysis is based on CarGurus' proprietary market data from August 11, 2026, CarGurus experts' opinions, and generative AI.
4.8 Overall rating
Filter by rating
William A
Reviewed a 2023 Lexus 350 F SPORT RWD on Sep 24, 2024
Perfect sporty looking and driving car with longevity in mind!
Joseph V
Reviewed a 2023 Lexus 350 F SPORT AWD on Jan 27, 2025
Car is immaculate, runs smooth, beautiful interior, love the body exterior
Joey C
Reviewed a 2023 Lexus IS on Dec 22, 2025
This car is exactly what I’d hoped for. Though it’s not the fastest, it’s super high quality, turns heads, is reliable, and sounds great.
Richard B
Reviewed a 2023 Lexus IS on Nov 16, 2023
Great car comfortable, sporty, great handling, good value for the price point.
2023 Lexus IS Trims
| Trim type | MSRP |
|---|---|
| 350 F SPORT Design AWD | $45,160 |
| 300 AWD | $42,085 |
| 350 F SPORT Design RWD | $43,160 |
| 350 F SPORT AWD | $46,410 |
| 500 F SPORT Performance Premium RWD | $62,770 |
| 350 F SPORT 3 AWD | -- |
| 300 RWD | $40,085 |
| 350 F SPORT RWD | $44,410 |
2023 Lexus IS Price Trends
CarGurus tracks the prices of millions of used car listings every year. See how the average price of 2023 Lexus IS prices has changed over time.
See more price trends2023 Lexus IS Pricing Analysis: Memphis, TN Market Report
Pricing by Nearby Locations
Market Area: Memphis, TN
Key Insights
- Highest Prices in Pine Bluff: The market in Pine Bluff, AR ($35,650) shows the highest average price, likely due to limited inventory and higher demand.
- Competitive Pricing in Conway: Conway, AR ($35,175) offers a slightly lower average price, indicating a more competitive market with similar inventory levels.
- Stable Inventory Across Cities: All three cities have similar inventory levels (99-100 listings), suggesting a balanced supply across the region.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Pine Bluff, AR | 99 | $35,650 |
| Little Rock, AR | 99 | $35,175 |
| Conway, AR | 100 | $35,175 |
Pricing by Trim Packages
Key Insights
- RWD Trims Lead Inventory: The 300 RWD (57 listings) is the most common trim, indicating strong demand for rear-wheel drive options.
- Premium Pricing for Performance: The 500 F SPORT Performance Premium RWD ($62,770 MSRP) represents the highest price point, reflecting its luxury features and performance capabilities.
- AWD Options in Demand: The 300 AWD (35 listings) shows a solid presence, catering to buyers seeking all-weather capability.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| 300 RWD | 57 | $40,085 | RWD | 2.0L 241 hp I4 |
| 350 F SPORT RWD | 41 | $44,410 | RWD | 3.5L 311 hp V6 |
| 300 AWD | 35 | $42,085 | AWD | 3.5L 260 hp V6 |
| 350 F SPORT Design RWD | 10 | $43,160 | RWD | 3.5L 311 hp V6 |
| 350 F SPORT AWD | 10 | $46,410 | AWD | 3.5L 311 hp V6 |
| 500 F SPORT Performance Premium RWD | 3 | $62,770 | RWD | 5.0L 472 hp V8 |
Pricing Analysis by Model Year
Key Insights
- Significant Depreciation for Older Models: The 2014 Lexus IS shows the steepest decline, priced at $14,261, which is approximately 60.5% below its original MSRP.
- Best Value in Recent Models: The 2019 Lexus IS retains a higher value with a current average price of $27,498, reflecting a depreciation of only 28.3%.
- Older Models Present Opportunities: Buyers looking for value can find older models like the 2016 Lexus IS at a competitive price of $22,387, which is a reasonable option for budget-conscious shoppers.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2019 Lexus IS | $38,560 | $27,498 | -28.3% |
| 2018 Lexus IS | $38,210 | $18,025 | -52.9% |
| 2017 Lexus IS | $37,825 | $21,998 | -41.8% |
| 2016 Lexus IS | $37,325 | $22,387 | -40.0% |
| 2014 Lexus IS | $36,100 | $14,261 | -60.5% |
These recommendations are based on CarGurus' proprietary market data from August 13, 2026, CarGurus experts' opinions, and generative AI.
FAQs
How much does the 2023 Lexus IS cost in Memphis, TN?
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