The 2023–24 season was the 126th season in the existence of the Sportklub Rapid and the club's 75th consecutive season in the top flight of Austrian football.

In addition to the domestic league, Rapid participated in this season's edition of the Austrian Cup and entered international football in the third qualifying round to the UEFA Europa Conference League after coming 4th in the previous Bundesliga season.

Rapid again finished 4th in the Austrian Bundesliga and reached the final of the Austria Cup.

Internationally, they were knocked out by eventual finalists ACF Fiorentina in the play-off round of the Europa Conference League.

Win Draw Loss Fixtures Source: Soccerway Source: Austrian Football Bundesliga