| Year: | 1954 |
| Team: | Hawaii Rainbows |
| Sport: | football |
| Conference: | Independent |
| Record: | 4–4 |
| Head Coach: | Hank Vasconcellos |
| Hc Year: | 3rd |
| Stadium: | Honolulu Stadium |
The 1954 Hawaii Rainbows football team represented the University of Hawaiʻi at Mānoa as an independent during the 1954 college football season. In their third season under head coach Hank Vasconcellos, the Rainbows compiled a 4–4 record.[1]