The 1985–86 Richmond Spiders men's basketball team represented the University of Richmond in National Collegiate Athletic Association (NCAA) Division I college basketball during the 1985–86 season.
Richmond competed as a member of the Colonial Athletic Association (CAA; formerly known as the ECAC South Conference) under head basketball coach Dick Tarrant and played its home games at the Robins Center.
Richmond finished second behind Navy in the CAA regular-season standings with a 12–2 conference record, and lost in the semifinal round of the CAA tournament.
The Spiders received an at-large bid to the 1986 NCAA tournament.
6 seed Saint Joseph's, 60–59, in the opening round.