| Year: | 1987 |
| Team: | Stephen F. Austin Lumberjacks |
| Sport: | football |
| Conference: | Southland Conference |
| Short Conf: | Southland |
| Record: | 3–7–1 |
| Conf Record: | 1–5 |
| Head Coach: | Jim Hess |
| Hc Year: | 6th |
| Stadium: | Homer Bryce Stadium |
The 1987 Stephen F. Austin Lumberjacks football team was an American football team that represented Stephen F. Austin State University as a member of the Southland Conference during the 1987 NCAA Division I-AA football season. In their sixth year under head coach Jim Hess, the team compiled an overall record of 3–7–1, with a mark of 1–5 in conference play, and finished tied for sixth in the Southland.