The 2015–16 Austin Peay Governors basketball team represented Austin Peay State University during the 2015–16 NCAA Division I men's basketball season.

The Governors, led by 26th year head coach Dave Loos, played their home games at the Dunn Center and were members of the West Division of the Ohio Valley Conference.

As an 8 seed, they defeated Tennessee Tech, Tennessee State, Belmont and UT Martin to become champions of the OVC tournament.

They earned the conference's automatic bid to the NCAA tournament.

As a result, the failed to qualify of the OVC tournament.