The 2017–18 Rice Owls men's basketball team represented Rice University during the 2017–18 NCAA Division I men's basketball season.

The Owls, led by first-year head coach Scott Pera, played their home games at Tudor Fieldhouse in Houston, Texas as members of Conference USA.

They finished the season 7–24, 4–14 in C-USA play to finish in 13th place and failed to qualify for the C-USA tournament.

They defeated Southern Miss in the first round of the C-USA tournament before losing in the quarterfinals to UTEP.

They received an invitation to the College Basketball Invitational where they defeated San Francisco in the first round before losing in the quarterfinals to Utah Valley.