| Year: | 1948 |
| Team: | Troy State Red Wave |
| Sport: | football |
| Conference: | Alabama Intercollegiate Conference |
| Short Conf: | AIC |
| Record: | 6–5 |
| Conf Record: | 3–1 |
| Head Coach: | Fred McCollum |
| Hc Year: | 2nd |
| Stadium: | Pace Field |
| Bowl: | Paper Bowl |
| Bowl Result: | L 0–19 vs. Jacksonville State |
The 1948 Troy State Red Wave football team represented Troy State Teachers College (now known as Troy University) as a member of the Alabama Intercollegiate Conference (AIC) during the 1948 college football season. Led by second-year head coach Fred McCollum, the Red Wave compiled an overall record of 6–5, with a mark of 3–1 in conference play, and lost to Jacksonville State in the Paper Bowl.