The 2023–24 Rice Owls men's basketball team represented Rice University during the 2023–24 NCAA Division I men's basketball season. The team, led by seventh-year head coach Scott Pera, played their home games at Tudor Fieldhouse in Houston, Texas as first-year members of the American Athletic Conference. The team finished the season 11–21, 5–12 in AAC play to finish in a five-way tie for 10th place. As the No. 12 seed in the AAC tournament, they lost in the first round to Wichita State.
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