The 1923 Vanderbilt Commodores football team represented Vanderbilt University in the sport of college football during the 1923 Southern Conference football season. The team's head coach was Dan McGugin, who served his 19th year in that capacity. The Commodores played six home games at Dudley Field in Nashville, Tennessee. Vanderbilt finished the season with a record of 5–2–1 overall and 3–0–1 in SoCon play, outscoring opponents 137–33. The team suffered its losses to the national champion Michigan Wolverines and the undefeated Texas Longhorns.