A model was developed that simulates the binaural response properties of low-frequency inferior colliculus (IC) neurons in response to several types of stimuli. The model incorporates existing models for auditory-nerve fibers, bushy cells in the cochlear nucleus, and cells in medial superior olive (MSO). The IC model neuron receives two inputs, one excitatory from an ipsilateral MSO model cell and one inhibitory from a contralateral MSO model cell. The membrane potential of the IC model neuron (and the other model neurons) is described by Hodgkin–Huxley type equations. Responses of IC neurons are simulated for pure-tone stimuli, binaural beat stimuli, interaural phase-modulated tones, single binaural clicks, and pairs of binaural clicks. The simulation results show most of the observed properties of IC discharge patterns, including the bimodal and unimodal interaural time difference (ITD) functions, sensitivities to direction and rate of change of ITD, ITD-dependent echo suppression, and early and late inhibitions in response to clicks. This study demonstrates that these response properties can be generated by a simple model incorporating ITD-dependent excitation and inhibition from binaural neurons.