The 1968–69 New York Knicks season was the 23rd season for the team in the National Basketball Association (NBA). The Knicks finished third in the Eastern Division with a 54–28 regular season record, and qualified for the NBA Playoffs for the third straight year. In the first round of the playoffs, New York defeated the Baltimore Bullets in a four-game sweep to earn a berth in the Eastern Division Finals. The Knicks lost the division finals to the eventual NBA champion Boston Celtics in six games.Willis Reed scored a team-best 21.1 points per game for the Knicks; Walt Frazier led the team with 7.9 assists per game and Reed averaged 14.5 rebounds per game.

The Knicks selected Bill Hosket, Jr. in the opening round of the 1968 NBA draft, and made a significant trade early in the season, acquiring Dave DeBusschere from the Detroit Pistons in exchange for Walt Bellamy and Butch Komives. Author Harvey Araton called him "the player who would complete the championship puzzle in New York." After a 5–11 start to the season, New York went on a long winning streak, winning all but 2 of 19 games in one stretch that included 13 straight home wins. After a two-game losing streak, the Knicks won 11 consecutive games from January 25 to February 15 to bring their record to 44–21. The Knicks had two four-game winning streaks during the rest of the season, and ended with a 54–28 record. This mark placed them third in the Eastern Conference; only the Bullets and Philadelphia 76ers had superior records. New York saw an increase in attendance during the regular season; after having six sellouts in their entire history, the Knicks played to capacity crowds in 14 games at Madison Square Garden.

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