How much does the 2023 Toyota Highlander cost?

Prices have softened 4.01% compared to this time last year, making it a favorable time to shop this model year.

There are 4,068 listings available, which suggests solid inventory for shoppers comparing prices and trims.

If you find a listing below $34,325.15, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Toyota Highlander a good car?

Yes — the 4.75/5 user rating points to strong owner satisfaction for this model year.

The 2023 Highlander is described as a reliable and spacious midsize SUV with a comfortable ride, a roomy interior, and strong safety ratings. It also offers practical utility for families and individuals, with up to 84.3 cubic feet of cargo space when the seats are folded down.

For shoppers who want a family-focused SUV that emphasizes comfort, safety, and everyday usefulness over excitement, this model year fits that use case well. 34.2% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 Toyota Highlander reliable?

Owners rate it 4.75/5, a strong signal of long-term satisfaction.

The 2023 Highlander is presented as a reliable SUV with a practical, family-friendly focus and a reputation for safety and comfort. Its overall appeal comes from being a well-rounded vehicle that prioritizes everyday dependability and usability.

For used buyers, that kind of reputation can reduce long-term ownership risk, especially if you verify condition and maintenance history before you buy.

What should I look for when buying a used 2023 Toyota Highlander?

Accident-free inventory is solid at 85.3% — always verify the vehicle history report.

You should prioritize a history report first, then inspect the vehicle closely for signs of prior damage, uneven wear, or poor repairs. Focus on overall condition, especially if you are comparing multiple listings at similar prices.

Because this model is often bought for family use, pay extra attention to interior wear, cargo-area condition, and how well the vehicle has been maintained.

Is now a good time to buy a used 2023 Toyota Highlander?

This looks like a moderate market, so you can be selective if you shop carefully.

• Deal availability: 34.2% of listings are priced as good or great deals.
• Inventory: There are 4,068 listings available.
• Price trend: Prices have softened 4.01% compared with last year.
• Clean inventory: 85.3% of listings are accident-free.

If you find a listing below $34,325.15, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Toyota Highlander's resale value?

The current average of $35,627 sits slightly below last year's $37,116.

That price movement suggests the market has eased a bit, which can help you buy more confidently now if you're planning to keep the vehicle for several years. For a future seller, a softer entry price can also mean less downside if the model remains in demand.

The Highlander's practical appeal, spaciousness, and safety-focused reputation should help support buyer interest over time. Vehicles with strong owner satisfaction ratings, like this model year's 4.75/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Toyota Highlander 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:

• 34.2% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85.3% — always verify the vehicle history report.
• Price trend: Prices have softened 4.01% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $33,016, the 2022 costs less than the current year's $35,627 average.
• It offers a well-rounded family-hauling package with strong basics.

The bottom line: You should start with the 2023 if you want the newer model year and are comfortable paying more for it. If your priority is value, the 2022 is the better path because it costs less while still delivering the Highlander's core family-friendly strengths.

These recommendations are based on CarGurus' proprietary market data from August 14, 2026, CarGurus experts' opinions, and generative AI.