On June 28, 2017, Paul was traded to the Houston Rockets in exchange for Patrick Beverley, Sam Dekker, Montrezl Harrell, Darrun Hilliard, DeAndre Liggins, Lou Williams, Kyle Wiltjer, a future first round pick, and cash considerations.  In his debut for the Rockets in their season opener on October 17, 2017, Paul had four points on 2-for-9 shooting in a 122–121 win over the Golden State Warriors.  Paul sat on the bench down the stretch while the Rockets made their final push, and it was later revealed he was playing through a knee injury.  He subsequently missed the next 14 games. He returned to the lineup on November 16 and had 11 points and 10 assists in a 142–116 win over the Phoenix Suns.  On December 13, he recorded a then season-high 31 points, 11 assists, and seven rebounds in a 108–96 win over the Charlotte Hornets.  Two days later, he had 28 points, eight assists, and seven steals to lead the Rockets to their 12th straight victory, a 124–109 win over the San Antonio Spurs. Paul became the first player in NBA history to post 28 points, eight assists, and seven steals in a game against the Spurs. In the previous 10 years, that stat line had been achieved just 10 times—six of those 10 recorded by Paul.  He was subsequently named Western Conference Player of the Week for games played from Monday, December 11 through Sunday, December 17. It was his 13th career Player of the Week honor and his first since January 2016.  On January 10, Paul took 29 shots and finished with a then season-high 37 points in a 121–112 win over the Portland Trail Blazers.  On January 18, against the Minnesota Timberwolves, Paul earned his 1,958th steal, passing Derek Harper to move into 13th place on the NBA's career steals list.  On January 26, he scored a season-high 38 points in a 115–113 loss to the New Orleans Pelicans.  On February 3, he recorded 22 points and 11 assists in a 120–88 win over the Cleveland Cavaliers. During the game, Paul passed Andre Miller (8,624) for ninth place on the career assists list.  On February 23, in a 120–102 win over the Timberwolves, Paul passed Allen Iverson for 12th on the NBA's career steals list with 1,984.  The Rockets finished the regular season as the No. 1 seed for the first time in franchise history, with a franchise-best 65–17 record.