The 1927 Brownlow Medal was the fourth year the award was presented to the player adjudged the fairest and best player during the Victorian Football League (VFL) home and away season. Syd Coventry of the Collingwood Football Club won the medal by polling seven votes during the 1927 VFL season.

Leading votegetters Player Votes 1st Syd Coventry () 7 =2nd Dick Taylor () 6 Alex Duncan () =4th Edward 'Carji' Greeves () 5Allan Geddes () =6th George Jerram () 3Greg Stockdale ()Austin Robertson Sr. ()Leo Dwyer ()Tom O'Halloran ()Ernest Utting ()

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