Skip to main content

2023 Lexus IS 300

MSRP range: $39,435 - $41,435 Price range reflects Base MSRP for various trim levels, not including options or fees.


Is the Lexus IS 300 a good car?

The Edmunds experts tested the 2023 IS 300 both on the road and at the track. What about cargo capacity? When you're thinking about carrying stuff in your new car, keep in mind that the IS 300 has 10.8 cubic feet of trunk space. And then there's safety and reliability. Edmunds has all the latest NHTSA and IIHS crash-test scores, plus industry-leading expert and consumer reviews to help you understand what it's like to own and maintain a Lexus IS 300. Learn more

What's new in the 2023 Lexus IS 300?

According to Edmunds’ car experts, here’s what’s new for the 2023 Lexus IS 300:

  • The IS 300 won't have significant changes for 2023
  • Part of the third Lexus IS generation introduced for 2014
Learn more

Is the Lexus IS 300 reliable?

To determine whether the Lexus IS 300 is reliable, read Edmunds' authentic consumer reviews, which come from real owners and reveal what it's like to live with the IS 300. Look for specific complaints that keep popping up in the reviews, and be sure to compare the IS 300's average consumer rating to that of competing vehicles. Learn more

Is the 2023 Lexus IS 300 a good car?

There's a lot to consider if you're wondering whether the 2023 Lexus IS 300 is a good car. Safety scores, fuel economy, cargo capacity and feature availability should all be factors in determining whether the 2023 IS 300 is a good car for you. Check back soon for the official Edmunds Rating from our expert testing team Learn more

How much should I pay for a 2023 Lexus IS 300?

The least-expensive 2023 Lexus IS 300 is the 2023 Lexus IS 300 4dr Sedan (2.0L 4cyl Turbo 8A). Including destination charge, it arrives with a Manufacturer's Suggested Retail Price (MSRP) of about $39,435.

Other versions include:

  • 4dr Sedan (2.0L 4cyl Turbo 8A) which starts at $39,435
  • 4dr Sedan AWD (3.5L 6cyl 6A) which starts at $41,435
Learn more

What are the different models of Lexus IS 300?

If you're interested in the Lexus IS 300, the next question is, which IS 300 model is right for you? IS 300 variants include 4dr Sedan (2.0L 4cyl Turbo 8A), and 4dr Sedan AWD (3.5L 6cyl 6A). For a full list of IS 300 models, check out Edmunds’ Features & Specs page. Learn more

More about the 2023 Lexus IS 300

2023 Lexus IS 300 Overview

The 2023 Lexus IS 300 is offered in the following submodels: IS 300 Sedan. Available styles include 4dr Sedan (2.0L 4cyl Turbo 8A), and 4dr Sedan AWD (3.5L 6cyl 6A). The 2023 Lexus IS 300 comes with rear wheel drive, and all wheel drive. Available transmissions include: 8-speed shiftable automatic, 6-speed shiftable automatic.

What do people think of the 2023 Lexus IS 300?

Consumer ratings and reviews are also available for the 2023 Lexus IS 300 and all its trim types. Overall, Edmunds users rate the 2023 IS 300 4.6 on a scale of 1 to 5 stars. Edmunds consumer reviews allow users to sift through aggregated consumer reviews to understand what other drivers are saying about any vehicle in our database. Detailed rating breakdowns (including performance, comfort, value, interior, exterior design, build quality, and reliability) are available as well to provide shoppers with a comprehensive understanding of why customers like the 2023 IS 300.


  • Smooth and comfortable ride on bumpy roads
  • Cabin is well isolated from noise
  • Offers more features for the money than German rivals


  • Subpar fuel economy with all-wheel-drive powertrain
  • Rear seats can be a tight fit for adults

Edmunds Expert Reviews

Edmunds experts have compiled a robust series of ratings and reviews for the 2023 Lexus IS 300 and all model years in our database. Our rich content includes expert reviews and recommendations for the 2023 IS 300 featuring deep dives into trim levels and features, performance, mpg, safety, interior, and driving. Edmunds also offers expert ratings, road test and performance data, long-term road tests, first-drive reviews, video reviews and more.

Our Review Process

This review was written by a member of Edmunds' editorial team of expert car reviewers. Our team drives every car you can buy. We put the vehicles through rigorous testing, evaluating how they drive and comparing them in detail to their competitors.

We're also regular people like you, so we pay attention to all the different ways people use their cars every day. We want to know if there's enough room for our families and our weekend gear and whether or not our favorite drink fits in the cupholder. Our editors want to help you make the best decision on a car that fits your life.

What's a good price for a New 2023 Lexus IS 300?

2023 Lexus IS 300 4dr Sedan (2.0L 4cyl Turbo 8A)

The 2023 Lexus IS 300 4dr Sedan (2.0L 4cyl Turbo 8A) can be purchased for less than the Manufacturer’s Suggested Retail Price (aka MSRP) of $40,585. The average price paid for a new 2023 Lexus IS 300 4dr Sedan (2.0L 4cyl Turbo 8A) is trending $722 below the manufacturer’s MSRP.

Edmunds members save an average of $722 by getting upfront special offers. The estimated special offer price in your area is $39,863.

The average savings for the 2023 Lexus IS 300 4dr Sedan (2.0L 4cyl Turbo 8A) is 1.8% below the MSRP.

Available Inventory:

We are showing 2 2023 Lexus IS 300 4dr Sedan (2.0L 4cyl Turbo 8A) vehicle(s) available in the in the Ashburn area.

Which 2023 Lexus IS 300S are available in my area?

Shop Edmunds' car, SUV, and truck listings of over 6 million vehicles to find a cheap new, used, or certified pre-owned (CPO) 2023 Lexus IS 300 for sale near. There are currently 2 new 2023 IS 300S listed for sale in your area, with list prices as low as $48,460 and mileage as low as 5 miles. Simply research the type of car you're interested in and then select a car from our massive database to find cheap vehicles for sale near you. Once you have identified a used vehicle you're interested in, check the AutoCheck vehicle history reports, read dealer reviews, and find out what other owners paid for the 2023 Lexus IS 300.

Can't find a new 2023 Lexus IS 300s you want in your area? Consider a broader search.

Find a new Lexus for sale.

Why trust Edmunds?

Edmunds has deep data on over 6 million new, used, and certified pre-owned vehicles, including rich, trim-level features and specs information like: MSRP, average price paid, warranty information (basic, drivetrain, and maintenance), features (upholstery, bluetooth, navigation, heated seating, cooled seating, cruise control, parking assistance, keyless ignition, satellite radio, folding rears seats ,run flat tires, wheel type, tire size, wheel tire, sunroof, etc.), vehicle specifications (engine cylinder count, drivetrain, engine power, engine torque, engine displacement, transmission), fuel economy (city, highway, combined, fuel capacity, range), vehicle dimensions (length, width, seating capacity, cargo space), car safety, true cost to own. Edmunds also provides tools to allow shopper to compare vehicles to similar models of their choosing by warranty, interior features, exterior features, specifications, fuel economy, vehicle dimensions, consumer rating, edmunds rating, and color.

What is the MPG of a 2023 Lexus IS 300?

2023 Lexus IS 300 4dr Sedan (2.0L 4cyl Turbo 8A), 8-speed shiftable automatic, premium unleaded (required)
25 MPG compined MPG,
21 city MPG/31 highway MPG

2023 Lexus IS 300 4dr Sedan AWD (3.5L 6cyl 6A), 6-speed shiftable automatic, premium unleaded (required)
22 MPG compined MPG,
19 city MPG/26 highway MPG

EPA Est. MPG25
Transmission8-speed shiftable automatic
Drive Trainrear wheel drive
Displacement2.0 L
Passenger Volume101.0 cu.ft.
Wheelbase110.2 in.
Length185.4 in.
Height56.5 in.
Curb Weight3715 lbs.

Should I lease or buy a 2023 Lexus IS 300?

Is it better to lease or buy a car? Ask most people and they'll probably tell you that car buying is the way to go. And from a financial perspective, it's true, provided you're willing to make higher monthly payments, pay off the loan in full and keep the car for a few years. Leasing, on the other hand, can be a less expensive option on a month-to-month basis. It's also good if you're someone who likes to drive a new car every three years or so.

Check out Lexus lease specials