The 1923 Nebraska Cornhuskers football team was an American football team that represented the University of Nebraska in the Missouri Valley Conference (MVC) during the 1923 college football season. In its third season under head coach Fred Dawson, the team compiled a 4–2–2 record, won the MVC championship, and outscored opponents by a total of 112 to 71. The team played its home games at Memorial Stadium in Lincoln, Nebraska.

The 1923 college football season saw several teams finish their seasons unbeaten and untied. As such, numerous schools claim a national championship for the 1923 season. Illinois and Michigan, both members of what is now the Big Ten Conference, finished with records of 8–0 and were selected as national champion by multiple selectors. Illinois featured break-out star Red Grange. Ivy League teams Yale and Cornell also had undefeated seasons. Cornell was selected as national champion by one selector.