The Draperstown Railway was an Irish gauge () in County Londonderry, Northern Ireland.
The line was authorised by the (41 & 42 Vict. c. clxxviii) and built between 1881 and 1883, a short single-track branch line in length, to connect Magherafelt and Draperstown. The engineer was John Lanyon, and the contractors were J & W Grainger.
It was operated by the Belfast and Northern Counties Railway and taken over by them in July 1895 under the Belfast and Northern Counties Railway Act 1895 (58 & 59 Vict. c. civ).
Passenger services were withdrawn in 1930 and the line was finally closed in 1950.
The following stations were on the route: