Academy Awards
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1951 | Academy of Motion Picture Arts and Sciences | Best Musical Score | Saul Chaplin | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Cinematography | Alfred Gilks | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Art Direction | Cedric Gibbons | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Art Direction | Preston Ames | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Art Direction | Edwin B. Willis | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Musical Score | Johnny Green | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Picture | Arthur Freed | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Costume Design | Irene Sharaff | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Costume Design | Orry-Kelly | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Art Direction | Won | |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Cinematography | John Alton | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Director | Vincente Minnelli | Nominated |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Editing | Adrienne Fazan | Nominated |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Color Costume Design | Walter Plunkett | Won |
| 1951 | Academy of Motion Picture Arts and Sciences | Best Story and Screenplay | Alan Jay Lerner | Won |
American Film Institute
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1998 | American Film Institute | 100 Greatest American Movies | Won |
Directors Guild of America
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1951 | Directors Guild of America | Best Director | Vincente Minnelli | Nominated |
Golden Globes
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1951 | Hollywood Foreign Press Association | Best Director | Vincente Minnelli | Nominated |
| 1951 | Hollywood Foreign Press Association | Best Picture - Musical or Comedy | Won | |
| 1951 | Hollywood Foreign Press Association | Best Performance by an Actor in a Motion Picture - Musical or Comedy | Gene Kelly | Nominated |
