The 1982–83 Iowa Hawkeyes men's basketball team represented the University of Iowa as members of the Big Ten Conference. The team was led by head coach Lute Olson, coaching in his 9th and final season at the school, and played their home games at the Iowa Field House and Carver–Hawkeye Arena (opened January 1983). They finished the season 21-10 overall and 10–8 in Big Ten play. The Hawkeyes received an at-large bid to the NCAA Tournament as #7 seed in the Midwest Regional. After wins over Utah State and #2 seed Missouri, Iowa fell 55-54 to #3 seed Villanova in the Sweet Sixteen.