The 2023–24 New Mexico Lobos men's basketball team represented the University of New Mexico during the 2023–24 NCAA Division I men's basketball season.

The Lobos, led by third-year head coach Richard Pitino, are members of the Mountain West Conference.

They played their home games at The Pit in Albuquerque, New Mexico.

The New Mexico Lobos men's basketball team drew an average home attendance of 13,042 in 16 games in 2023-24.

They would make it into the 2023 National Invitation Tournament, capturing the 2nd seed in the Rutgers bracket, but would go on to lose to Utah Valley, 83–69 at The Pit.