Used Toyota RAV4 Hybrid for Sale nearMemphis, TN
Shop with transparent pricing.
Only show listings that include dealer fees- Year:
- 2023
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Blue
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 80,217
- Stock #:
- 25690CX
- VIN:
- JTME6RFV8PD540372


Sponsored by Chuck Hutton Toyota
2023 Toyota RAV4 Hybrid
XSE AWD
80,217 mi
$35,850
- Year:
- 2025
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Black
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 12,505
- Stock #:
- T094128C
- VIN:
- 4T3RWRFV4SU185603

Sponsored Listing
2025 Toyota RAV4 Hybrid
XLE AWD
12,505 mi
$36,850
- Year:
- 2023
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Pearl
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 26,133
- Stock #:
- PU106664A
- VIN:
- 4T3B6RFV2PU106664

Sponsored Listing
2023 Toyota RAV4 Hybrid
XLE Premium AWD
26,133 mi
$39,791
- Year:
- 2022
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Magnetic Gray Metallic
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 39,470
- Stock #:
- NU065570A
- VIN:
- 4T3T6RFV4NU065570

2022 Toyota RAV4 Hybrid
SE AWD
39,470 mi
$33,384
- Year:
- 2017
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Silver
- Combined gas mileage:
- 32 MPG
- Fuel type:
- Hybrid
- Interior color:
- Gray
- Transmission:
- Automatic
- Mileage:
- 37,198
- Stock #:
- 70153694
- VIN:
- JTMDJREV8HD146111

2017 Toyota RAV4 Hybrid
Limited AWD
37,198 mi
$29,197
- Year:
- 2022
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- White
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 43,931
- Stock #:
- B5510
- VIN:
- JTM16RFV4ND070370

-$1,000
2022 Toyota RAV4 Hybrid
SE AWD
43,931 mi
$31,413
$30,413
- Year:
- 2021
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- White
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 57,000
- Stock #:
- W003585
- VIN:
- 2T3E6RFV5MW003585

2021 Toyota RAV4 Hybrid
XSE AWD
57,000 mi
$30,626
- Year:
- 2024
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Silver Sky Metallic
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 40,801
- Stock #:
- 485PT
- VIN:
- 2T3RWRFV8RW227930

2024 Toyota RAV4 Hybrid
XLE AWD
40,801 mi
$31,822
- Year:
- 2023
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Midnight Black Metallic
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Nutmeg
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 74,334
- Stock #:
- PU098900T
- VIN:
- 4T3RWRFV3PU098900

2023 Toyota RAV4 Hybrid
XLE AWD
74,334 mi
$31,165
- Year:
- 2023
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Midnight Black Metallic
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 74,438
- Stock #:
- 6114B
- VIN:
- 4T3MWRFV1PU097528

-$587
2023 Toyota RAV4 Hybrid
LE AWD
74,438 mi
$25,507
$24,920
- Year:
- 2020
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Midnight Black
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 55,234
- Stock #:
- H3060A
- VIN:
- JTMEWRFV1LJ047273

2020 Toyota RAV4 Hybrid
XSE AWD
55,234 mi
$31,149
- Year:
- 2023
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Blue
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 17,420
- Stock #:
- 29046440
- VIN:
- JTMB6RFV8PD104740

-$1,000
2023 Toyota RAV4 Hybrid
XLE Premium AWD
17,420 mi
$38,397
$37,397
- Year:
- 2018
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Silver Sky Metallic
- Combined gas mileage:
- 32 MPG
- Fuel type:
- Hybrid
- Interior color:
- Ash
- Mileage:
- 25,571
- Stock #:
- 260439A
- VIN:
- JTMDJREV0JD177228

2018 Toyota RAV4 Hybrid
Limited AWD
25,571 mi
$27,936
Recommended model year:
2024 Toyota RAV4 Hybrid
Shop 2024 Toyota RAV4 Hybrid »With 135 currently listed for sale near Memphis, TN and an average price of $43,994.00, 92.6% of 2024 Toyota RAV4 Hybrids for sale on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2024 Toyota RAV4 Hybrid 5 / 5 stars.
100.0% of 2024 RAV4 Hybrid models on CarGurus are accident free.
- Year:
- 2023
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Midnight Black Metallic
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 56,132
- Stock #:
- N0679A
- VIN:
- 2T3E6RFV3PW041045

2023 Toyota RAV4 Hybrid
XSE AWD
56,132 mi
$35,801
- Year:
- 2024
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Black
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 68,333
- Stock #:
- 26104
- VIN:
- 2T3LWRFV2RW202656

2024 Toyota RAV4 Hybrid
LE AWD
68,333 mi
$28,531
- Year:
- 2022
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- White
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Nutmeg
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 53,486
- Stock #:
- 063395
- VIN:
- 4T3RWRFVXNU063395

-$600
2022 Toyota RAV4 Hybrid
XLE AWD
53,486 mi
$31,194
$30,594
- Year:
- 2023
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Pearl
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 26,133
- Stock #:
- PU106664A
- VIN:
- 4T3B6RFV2PU106664

2023 Toyota RAV4 Hybrid
XLE Premium AWD
26,133 mi
$39,791
- Year:
- 2021
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Blue Flame
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 37,902
- Stock #:
- 144227
- VIN:
- 4T3B6RFV2MU033484

2021 Toyota RAV4 Hybrid
XLE Premium AWD
37,902 mi
$31,072
- Year:
- 2025
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Black
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 12,505
- Stock #:
- T094128C
- VIN:
- 4T3RWRFV4SU185603

2025 Toyota RAV4 Hybrid
XLE AWD
12,505 mi
$36,850
- Year:
- 2019
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Gray
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 110,600
- Stock #:
- 06611
- VIN:
- JTMEWRFV1KJ006611

2019 Toyota RAV4 Hybrid
XSE AWD
110,600 mi
$23,207
- Year:
- 2025
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Ice Cap/Midnight Black Metallic
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Black
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 45,196
- Stock #:
- 1FT2821A
- VIN:
- 2T3E6RFV6SW087185

2025 Toyota RAV4 Hybrid
XSE AWD
45,196 mi
$38,650
- Year:
- 2021
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Gray
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Gray
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 39,846
- Stock #:
- 7043
- VIN:
- 2T3B6RFV3MW028777

2021 Toyota RAV4 Hybrid
XLE Premium AWD
39,846 mi
$31,261
- Year:
- 2023
- Make:
- Toyota
- Model:
- RAV4 Hybrid
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 2.5L I4 Hybrid
- Exterior color:
- Midnight Black Metallic
- Combined gas mileage:
- 40 MPG
- Fuel type:
- Hybrid
- Interior color:
- Nutmeg
- Transmission:
- Continuously Variable Transmission
- Mileage:
- 74,334
- Stock #:
- PU098900T
- VIN:
- 4T3RWRFV3PU098900

Sponsored Listing
2023 Toyota RAV4 Hybrid
XLE AWD
74,334 mi
$31,165
How much does the Toyota RAV4 Hybrid cost in today's market?
Used Toyota RAV4 Hybrid prices span a wide range depending on model year. Here's what the market looks like right now:
| Model Year | Current Avg. Price | Year-Round Range |
|---|---|---|
| 2025 | $36,955 | $32,457 – $37,040 |
| 2024 | $35,566 | $32,502 – $35,927 |
| 2023 | $34,207 | $31,580 – $34,579 |
| 2022 | $30,840 | $28,393 – $31,150 |
| 2021 | $29,132 | $26,750 – $29,285 |
| 2020 | $27,572 | $25,455 – $28,095 |
| 2019 | $25,399 | $23,319 – $25,666 |
| 2018 | $22,136 | $19,945 – $22,141 |
| 2017 | $19,913 | $18,611 – $20,101 |
| 2016 | $18,326 | $16,804 – $19,365 |
The Toyota RAV4 Hybrid's current nationwide average price is $32,521, and its year-round low is $28,909.06. That puts the model's pricing in a fairly tight band for shoppers tracking used inventory across model years. Recently, prices have eased on the 2024 models, while other recent model years have held firm or risen.
Is the Toyota RAV4 Hybrid a good car?
Yes — the Toyota RAV4 Hybrid is a strong used SUV choice if you want efficiency, practicality, and broad owner approval. The all-generations owner rating is 4.78/5 across every model year in the data.
Owners consistently praise its smooth ride, impressive fuel economy, and spacious interior. They also tend to like the advanced technology and safety features that make daily driving easier. Expert reviews rate the 2020 and 2021 models among the highest across all years.
The main trade-offs across recent expert-tested years are a cabin that can feel less refined than some rivals, cargo space that trails some competitors, and infotainment that is not especially cutting-edge.
35.2% of listings are priced as good or great deals.
Are Toyota RAV4 Hybrid models reliable?
Owners consistently give the Toyota RAV4 Hybrid high marks for comfort, fuel economy, and overall quality. Expert feedback also points to strong build quality and a calm, easygoing driving character that suits everyday use.
- Owners rate the Toyota RAV4 Hybrid between 4.38 and 5.0 out of 5 stars across all model years in the data.
For used buyers, that combination suggests a solid long-term ownership outlook, especially if you choose a well-maintained example with a clean history.
What should I look for when buying a used Toyota RAV4 Hybrid?
Across all model years, accident-free inventory is solid at 85.8% — always verify the vehicle history report.
| Model Year | Accident-Free % |
|---|---|
| 2025 | 90.9% |
| 2024 | 90.3% |
| 2023 | 87.9% |
| 2022 | 85.8% |
| 2021 | 82.9% |
| 2020 | 79.8% |
| 2019 | 72.9% |
| 2018 | 66.4% |
| 2017 | 61.2% |
| 2016 | 62.2% |
Older model years carry meaningfully higher accident rates, so always verify the vehicle history report on pre-2020 models.
Key things to evaluate:
- Safety package: Toyota Safety Sense 2.5 suite
- Infotainment: Wireless Apple CarPlay and Android Auto
- Fuel efficiency: 41 mpg city, 38 mpg on the highway, and 40 mpg in combined driving
Which Toyota RAV4 Hybrid trim should I buy?
The 2023 Toyota RAV4 Hybrid offers...
- LE: This is the entry point, and it gives you the core hybrid setup plus the base equipment that makes the RAV4 Hybrid appealing as a value-focused daily driver.
- XLE: This trim adds a blind-spot monitor with rear cross-traffic alerts, making it a smart step up if you want more everyday confidence.
- Woodland Edition: This version adds taller roof rails and all-terrain tires, along with a more rugged look for shoppers who want a more adventurous appearance.
- Limited: This is the most feature-rich choice, adding front and rear parking proximity sensors with automatic braking when backing up, plus the 11-speaker JBL system and a fully digital instrument panel.
What Toyota RAV4 Hybrid do most buyers choose?
The Toyota RAV4 Hybrid years with the most listings are 2024, 2023, and 2025.
| Model Year | Total Listings | Good + Great Deals % |
|---|---|---|
| 2024 | 4,756 | 35.8% |
| 2023 | 4,076 | 35.6% |
| 2025 | 3,513 | 35.8% |
| 2022 | 3,182 | 35.8% |
| 2021 | 2,367 | 35.5% |
| 2020 | 1,580 | 34.8% |
These higher-volume years tend to be the easiest places to shop because you get more inventory to compare, which can make it simpler to find the right color, trim, and price. They also tend to attract the broadest mix of shoppers, from value seekers to buyers looking for newer features.
What is the Toyota RAV4 Hybrid's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2019 | $25,399 | −1.04% |
| 2024 | $35,566 | −0.54% |
| 2022 | $30,840 | −0.07% |
| 2025 | $36,955 | +0.12% |
| 2020 | $27,572 | +0.69% |
| 2021 | $29,132 | +0.84% |
| 2023 | $34,207 | +1.11% |
| 2018 | $22,136 | +2.09% |
| 2017 | $19,913 | +2.23% |
| 2016 | $18,326 | +2.89% |
The table shows a mixed picture, with several recent years edging down slightly while others are moving up. That means you can still find some softer pricing in the used market, but not every model year is trending the same way. The 2020, 2021, 2022, 2024, and 2025 model years are holding steady, with prices close to flat year-over-year.
The 2016, 2017, and 2018 model years have held their value best, with prices flat to rising year-over-year.
Is the Toyota RAV4 Hybrid safe?
- 2023: 7/10
- 2021: 8/10
- 2020: 9/10
- 2019: 9/10
- 2016: 8/10
Toyota Safety Sense 2.5 is standard across all 2023 RAV4 Hybrid models.
For the safest used buy, the 2019 and 2020 models both post the highest confirmed score of 9/10.
Should I buy a used Toyota RAV4 Hybrid now or wait for the next model?
Buy now if:
- Price trend: The 2024 model is at −0.54% versus a year ago, and the 2022 model is at −0.07%.
- Deal availability: The 2024 model has 35.8% good and great deals, and the 2022 model has 35.8%.
- Sweet-spot year: The 2024 model has the most listings at a current average price of $35,566. The Toyota RAV4 Hybrid offers a practical, spacious cabin that makes it easy to live with every day.
Consider waiting if:
- Powertrain/efficiency: The RAV4 Hybrid is powered by a 2.5-liter four-cylinder engine paired with an electric motor/generator, and combined they produce 219 horsepower and accelerate the RAV4 to 60 mph in a respectable 7.5 seconds.
- Tech: Wireless Apple CarPlay and Android Auto are standard on all RAV4 models, and the infotainment system is capable of over-the-air software updates.
- Safety: All 2023 RAV4 Hybrid models come standard with Toyota's Safety Sense 2.5 suite of safety features.
- Starting price: Prices for the 2023 RAV4 Hybrid start at a manufacturer's suggested retail price (MSRP) of $32,560.
If you're buying used today, the 2024 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for 2026 inventory to mature.
These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.
4.8 Overall rating
Customers say
The Toyota RAV4 Hybrid has received positive feedback from owners across various model years. Commonly praised features include its smooth ride, impressive fuel economy, and spacious interior. Many drivers appreciate the advanced technology and safety features that enhance the driving experience. However, some common criticisms include a stiff ride in certain models, occasional noise from the hybrid system, and a desire for more customizable options. Overall, the RAV4 Hybrid stands out as a reliable and practical choice for an SUV.
AI generated from the text of customer reviews.
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What people say
Jenia C
Reviewed a 2017 Toyota Limited AWD on Jun 3, 2025
The RAV4 Hybrid offers a comfortable and generally quiet ride, with the exception of some coarse engine noise during high-speed acceleration
Warren S
Reviewed a 2025 Toyota RAV4 Hybrid on Apr 12, 2025
Awesome car. Good gas mileage, comfortable, well made. Highly recommend
Mallory W
Reviewed a 2023 Toyota Limited AWD on Apr 2, 2026
Great value . Love the hybrid motor and leather interior. Has great technology to help with driving
Tony T
Reviewed a 2023 Toyota RAV4 Hybrid on Nov 6, 2024
He car is exactly what we were looking for, it has all of the features we were hoping for and more, its gently used, and it is a great deal.
Toyota RAV4 Hybrid Trims
| Trim type | MSRP |
|---|---|
| XSE AWD | $38,510 |
| Limited AWD | $41,155 |
| SE AWD | $35,545 |
| XLE Premium AWD | $37,250 |
| Woodland Edition AWD | $36,070 |
| XLE AWD | $34,360 |
| LE AWD | $32,850 |
Toyota RAV4 Hybrid Price Trends
CarGurus tracks the prices of millions of used car listings every year. See how the average price of Toyota RAV4 Hybrid prices has changed over time.
See more price trendsToyota RAV4 Hybrid Pricing Analysis: Memphis, TN Market Report
Pricing Analysis by Model Year
Key Insights
- Significant New-Car Premium: The 2024 Toyota RAV4 Hybrid is priced at $43,994, approximately 38.5% above its MSRP, indicating strong demand for the latest model.
- Depreciation Trends: The 2020 model shows a notable depreciation of ~7.4% vs MSRP, while the 2016 model has depreciated significantly, with an average price of $19,094, reflecting a ~32.5% drop from its original MSRP.
- Best Value Year: The 2022 model is currently priced at $28,566, which is about 3.5% below MSRP, making it a potentially attractive option for buyers seeking value.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2025 Toyota RAV4 Hybrid | $32,850 | $38,863 | +18.3% |
| 2024 Toyota RAV4 Hybrid | $31,725 | $43,994 | +38.5% |
| 2023 Toyota RAV4 Hybrid | $31,225 | $36,359 | +16.4% |
| 2022 Toyota RAV4 Hybrid | $29,575 | $28,566 | -3.5% |
| 2021 Toyota RAV4 Hybrid | $28,900 | $28,746 | -0.5% |
| 2020 Toyota RAV4 Hybrid | $28,350 | $26,245 | -7.4% |
| 2016 Toyota RAV4 Hybrid | $28,370 | $19,094 | -32.5% |
Pricing in Nearby Cities
Market Area: Greater Memphis Region
Key Insights
- Highest Prices in Jonesboro: The city of Jonesboro, AR has the highest average price at $39,325, likely due to limited inventory and higher demand.
- Lowest Prices in Jackson: Jackson, TN offers the most competitive pricing at $30,276, suggesting a more price-sensitive market with higher inventory turnover.
- Inventory Variability: Cities like Tupelo, MS and Greenville, MS show moderate pricing around $28,815 and $30,375, indicating stable demand and inventory levels.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Jonesboro, AR | 275 | $39,325 |
| Greenwood, MS | 249 | $35,900 |
| Little Rock, AR | 299 | $31,262 |
| Pine Bluff, AR | 280 | $30,894 |
| Jackson, TN | 315 | $30,276 |
| Tupelo, MS | 284 | $28,815 |
| Greenville, MS | 244 | $30,375 |
| Conway, AR | 295 | $31,211 |
| Florence, AL | 300 | $30,988 |
| Monticello, AR | 243 | $30,375 |
Pricing by Trim Packages
Key Insights
- AWD Trims Dominate Listings: The XLE AWD trim leads with 102 listings, reflecting strong demand for all-wheel-drive options in the region.
- Price Range Across Trims: The Limited AWD trim, priced at $41,155, represents the higher end of the market, while the LE AWD trim at $32,850 offers a more budget-friendly option.
- Feature-Rich Premium Trims: The XSE AWD trim, priced at $38,510, includes advanced features that justify its higher price point compared to base trims.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| XLE AWD | 102 | $34,360 | AWD | 2.5L 219 hp I4 Hybrid |
| LE AWD | 58 | $32,850 | AWD | 2.5L 219 hp I4 Hybrid |
| XSE AWD | 67 | $38,510 | AWD | 2.5L 219 hp I4 Hybrid |
| Limited AWD | 48 | $41,155 | AWD | 2.5L 219 hp I4 Hybrid |
| XLE Premium AWD | 37 | $37,250 | AWD | 2.5L 219 hp I4 Hybrid |
| SE AWD | 22 | $35,545 | AWD | 2.5L 219 hp I4 Hybrid |
| Woodland Edition AWD | 12 | $36,070 | AWD | 2.5L 219 hp I4 Hybrid |
These recommendations are based on CarGurus' proprietary market data from August 20, 2026, CarGurus experts' opinions, and generative AI.
CarGurus recommends the 2024 Toyota RAV4 Hybrid

Summary
With 135 currently listed for sale near Memphis, TN and an average price of $43,994.00, 92.6% of 2024 Toyota RAV4 Hybrids for sale on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2024 Toyota RAV4 Hybrid 5 / 5 stars.
100.0% of 2024 RAV4 Hybrid models on CarGurus are accident free.
Why it stands out
The 2024 Toyota RAV4 Hybrid stands out because it blends Toyota’s SUV know-how with hybrid efficiency in a package that has become one of the brand’s most established compact crossovers. By this generation, the RAV4 Hybrid had grown slightly larger than its predecessor and adopted a tougher, more angular look. It also uses a hybrid setup built around a 2.5-litre inline four-cylinder engine, an electric motor for each axle, and a CVT automatic transmission, with on-demand all-wheel drive that only sends power to the rear wheels when extra traction is needed.
For buyers, the appeal is in the mix of performance, economy, and equipment. The hybrid system produces 219 horsepower, which is an increase of 25 horsepower over the first-generation model, while combined fuel economy is 39 mpg. Toyota also made this generation its most technologically advanced RAV4 to date, adding a larger touchscreen, Amazon Alexa and Google Assistant capability, and, for the first time, Android Auto and Apple CarPlay compatibility. Standard driver assistance includes automatic braking with pedestrian detection, radar cruise control, Lane Departure Alert with Steering Assist, Road Sign Assist, and Lane Tracing Assist.
The 2024 model also benefits from a broad trim range that includes well-equipped versions and more distinctive choices. The lineup includes Hybrid LE, Hybrid XLE, Hybrid XLE Premium, Hybrid SE, Hybrid XSE, and Hybrid Limited, and the Woodland Edition adds a more rugged look with TRD-tuned suspension, integrated fog lights, bronze-coloured alloy wheels, raised black roof rails with cross bars, and Falken all-terrain tires. Its main drawbacks are that the infotainment system is not cutting-edge and the cargo area is smaller than some rivals’, but the overall formula remains appealing for shoppers who want a practical, efficient compact SUV with a strong reputation for reliability.
Other model years to consider
- Average price: $36,325.00
- Good/great deal percentage: 89.1%
- User rating: 5 / 5
- Total listings: 147
- Average price: $39,311.00
- Good/great deal percentage: 97.0%
- User rating: 5 / 5
- Total listings: 99
- Average price: $28,746.00
- Good/great deal percentage: 78.3%
- User rating: 4.82 / 5
- Total listings: 120
These recommendations are based on CarGurus' proprietary market data from August 18, 2026, CarGurus experts' opinions, and generative AI.
Recent expert test drives

2019 Toyota RAV4 Hybrid
- Expert review9/10
- MSRP$27,850-$35,850
- Avg. price$25,350
- User rating4.375

2023 Toyota RAV4 Hybrid
- Expert review6/10
- MSRP$31,225-$39,530
- Avg. price$34,166
- User rating5

2020 Toyota RAV4 Hybrid
- Expert review9/10
- MSRP$28,350-$36,880
- Avg. price$27,301
- User rating4.8
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