Recent advances in rectal cancer surgery and treatment as well as new developments in magnetic resonance imaging (MRI) technique have led to extensive research in the field of preoperative imaging of rectal cancer and to an abundant literature. Pelvic MRI has indeed become an important part of the decision-making process for patients with rectal cancer. The aim of this article is to give current guidelines in terms of which imaging method to perform and also to review the role of imaging, with emphasis on MRI, not only for tumor primary staging but also for reevaluation of the tumor after neoadjuvant therapy, highlighting the role of new so-called “functional MR techniques”. Future trends are also discussed.