The 1978–79 Iona Gaels men's basketball team represented Iona College during the 1978–79 NCAA Division I men's basketball season.
The Gaels, led fourth-year by head coach Jim Valvano, played their home games at the Hynes Athletic Center.
The Gaels received a bid to the 1979 NCAA tournament.
8 seed in the East region, the Gaels were defeated by No.
9 seed and eventual Final Four participant Penn in the opening round.