The 2004 Philippine Basketball Association (PBA) rookie draft was an event at which teams drafted players from the amateur ranks. It was held on January 18, 2004 at the Glorietta Mall at Makati City. This is the last draft to be held within a calendar year.
San Miguel Beermen passed on this round.
Red Bull Thunder, San Miguel Beermen and Sta. Lucia Realtors passed on this round.
Purefoods Tender Juicy Hotdogs, Shell Turbo Chargers, Barangay Ginebra Kings, Red Bull Thunder, Sta. Lucia Realtors and Talk 'N Text Phone Pals passed on this round.
Draftee's name followed by college. All undrafted players become rookie free agents.
<nowiki>*</nowiki> All players are Filipinos until proven otherwise.