Interleukin (IL)-13 is a key cytokine associated with the asthmatic phenotype. It signals via its cognate receptor, a complex of IL-13 receptor ␣1 chain (IL-13R␣1) with IL-4R␣; however, a second protein, IL-13R␣2, also binds IL-13. To determine the binding contributions of the individual components of the IL-13 receptor to IL-13, we have employed surface plasmon resonance and equilibrium binding assays to investigate the ligand binding characteristics of shIL-13R␣1, shIL-13R␣2, and IL-4R␣. shIL-13R␣1 bound IL-13 with moderate affinity (K D ؍ 37.8 ؎ 1.8 nM, n ؍ 10), whereas no binding was observed for hIL-4R␣. In contrast, shIL-13R␣2 produced a high affinity interaction with IL-13 (K D ؍ 2.49 ؎ 0.94 nM n ؍ 10). IL-13R␣2 exhibited the binding characteristics of a negative regulator with a fast association rate and an exceptional slow dissociation rate. Although IL-13 interacted weakly with IL-4R␣ on its own (K D > 50 M), the presence of hIL-4R␣ significantly increased the affinity of shIL-13R␣1 for IL-13 but had no effect on the binding affinity of IL-13R␣2. Detailed kinetic analyses of the binding properties of the heteromeric complexes suggested a sequential mechanism for the binding of IL-13 to its signaling receptor, in which IL-13 first binds to IL-13R␣1 and this then recruits IL-4R␣ to stabilize a high affinity interaction.