The 1954 Toledo Rockets football team was an American football team that represented Toledo University in the Mid-American Conference (MAC) during the 1954 college football season. In their first season under head coach Forrest England, the Rockets compiled a 6–2–1 record (3–2 against MAC opponents), finished in fourth place in the MAC, and outscored their opponents by a combined total of 205 to 113. The team's statistical leaders included Jerry Nowak with 393 passing yards, Mel Triplett with 803 rushing yards, and Dick Basich with 255 receiving yards.