The 1961–62 Iowa State Cyclones men's basketball team represented Iowa State University during the 1961–62 NCAA Division I men's basketball season. The Cyclones were coached by Glen Anderson, who was in his third season with the Cyclones. They played their home games at the Iowa State Armory in Ames, Iowa. They finished the season 13–12, 8–6 in Big Eight play to finish in third place.