The 2020–21 Toledo Rockets men's basketball team represented the University of Toledo during the 2020–21 NCAA Division I men's basketball season.

The Rockets, led by 11th-year head coach Tod Kowalczyk, played their home games at Savage Arena, as members of the West Division of the Mid-American Conference.

In a season limited due to the ongoing COVID-19 pandemic, the Rockets finished the season 21–9, 15–4 in MAC play to win MAC regular season championship.

They defeated Ball State in the first round of the MAC tournament before losing to eventual tournament champions Ohio in the second round.

They received an at-large bid to the National Invitation Tournament where they lost to Richmond in the first round.