| Year: | 1986–87 |
| Team: | Iowa Hawkeyes |
| Sport: | Basketball |
| Conference: | Big Ten Conference |
| Short Conf: | Big Ten |
| Coachrank: | 7 |
| Aprank: | 6 |
| Record: | 30–5 |
| Conf Record: | 14–4 |
| Hc Year: | 1st |
| Asst Coach3: | Rudy Washington |
| Stadium: | Carver-Hawkeye Arena (Capacity: 15,500) |
| Champion: | Great Alaska Shootout Champions Amana-Hawkeye Classic Champions Anteater Classic Champions |
| Tourney Result: | Elite Eight |
The 1986–87 Iowa Hawkeyes men's basketball team represented the University of Iowa as members of the Big Ten Conference. The team was led by first-year head coach Tom Davis and played their home games at Carver-Hawkeye Arena. They finished the season 30–5 overall and 14–4 in Big Ten play to finish in third place. The Hawkeyes won their first 18 games and ascended to the first #1 ranking in school history in late January. The 30 overall wins and 14 conference wins remain single-season school records. Iowa received an at-large bid to the NCAA tournament as #2 seed in the West Region. After defeating Santa Clara in the first round, UTEP in the second round, and Oklahoma in a thrilling Sweet Sixteen matchup, they lost to
in the West Regional Final, 84–81.
|-!colspan=9 style=| Regular Season|-
|-!colspan=9 style=|NCAA Tournament
See main article: 1986–87 NCAA Division I men's basketball rankings. [2]
See also: 1987 NBA draft.
| 2 | 45 | Boston Celtics | ||
| 3 | 63 | Portland Trail Blazers | ||
| 5 | 111 | Gerry Wright | Detroit Pistons |