The 2014–15 Indiana State Sycamores basketball team represented Indiana State University during the 2014–15 NCAA Division I men's basketball season.

The Sycamores, led by fifth year head coach Greg Lansing, played their home games at the Hulman Center and were members of the Missouri Valley Conference.

They finished the season 15–16, 11–7 in MVC play to finish in a tie for third place.

They lost in the quarterfinals of the Missouri Valley tournament to Loyola–Chicago.

They advanced to the championship game of the Missouri Valley Conference tournament where they lost to Wichita State.