1987 Ohio Valley Conference men's basketball tournament

The 1987 Ohio Valley Conference men's basketball tournament was the final event of the 1986–87 season in the Ohio Valley Conference. The tournament was held March 5–7, 1987, at the Murphy Center in Murfreesboro, Tennessee.

Austin Peay defeated in the championship game, 71–68, to win their third OVC men's basketball tournament.

The Governors received an automatic bid to the 1987 NCAA tournament as the No. 14 seed in the Southeast region.