Raine received honorary doctorates from universities in the United Kingdom, France and the United States and won numerous awards and honors, including the Edna St. Vincent Millay Prize from the American Poetry Society (date unknown), and also:
- 1952 Harriet Monroe Memorial Prize
- 1953 Arts Council Award
- 1961 Oscar Blumenthal Prize
- 1970 Cholmondeley Award
- 1972 Smith Literary Award
- 1976 Warton Lecture on English Poetry[14]
- 1992 Queen's Gold Medal for Poetry
- 2000 Order of the British Empire, Commander
- 2000 L'Ordre des Arts et des Lettres, Commandeur
