Arkansas Highway 127 is the name of multiple state highways in Arkansas.

Arkansas Highway 127 is a state highway of 4.13 miles (6.65 km) in Madison County. It begins at a junction of Madison County Routes 3225 and 3345, and runs north to terminate at AR 23 in Aurora. The route was built in 1985.

Arkansas Highway 127 is a state highway of 4.92 miles (7.92 km) in Madison County. It runs northwest from US 412 near Old Alabam to AR 23 in Forum near Withrow Springs State Park.

Arkansas Highway 127 is a state highway of 8.33 miles (13.41 km) in Benton and Madison Counties. It runs east from AR 12 at Lookout near Hobbs State Park to terminate at AR 12 northeast of Clifty.

Arkansas Highway 127 is a state highway of 6.07 miles (9.77 km) in Benton County. It runs north from Lost Bridge Village to US 62 in Garfield.

Arkansas Highway 127 Spur is a short spur in Benton County that runs for 0.25 miles (0.40 km). It begins at Highway 127 near Lost Bridge State Park, southeast of Garfield and ends at Benton County Road 1717. The spur route was built in 1970.