The 1991–92 NCAA Division I men's basketball season began in November 1991 and ended with the Final Four at the Hubert H. Humphrey Metrodome in Minneapolis, Minnesota on April 6, 1992.

[6] A total of 12 college teams played as Division I independents.

The Big 5 did not revive its full round-robin schedule until the 1999–2000 season.

# signifies Michigan's final two games, in the 1992 Final Four, were vacated on November 7, 2002, as part of the settlement of the University of Michigan basketball scandal.

A number of teams changed coaches during the season and after it ended.