The 2011–12 New Mexico Lobos men's basketball team represented the University of New Mexico as a member of the Mountain West Conference. The Lobos are coached by fifth-year head coach Steve Alford and play their home games at The Pit in Albuquerque, New Mexico. They finished with a record of 28-7 overall, 10-4 in Mountain West play. They were co-champions of the 2012 Mountain West Regular Season Champions with San Diego State and won the 2012 Mountain West Conference men's basketball tournament. They earned a 5th seed in the west of the 2012 NCAA Division I men's basketball tournament. They lost in the third round to Louisville.