Blues boss Stevie Farrell was voted Manager of the Month and experienced striker Darryl Duffy was named Player of the Month.
The Stair Park side beat Cowdenbeath, Edinburgh City and Brechin City in League 2 and also caused an upset by defeating Hamilton Accies in the Betfred Cup.
Duffy, 36, joined Stranraer from Stirling Albion in the summer and scored in four November matches in a row – against Edinburgh City and Brechin City in League 2 and Hamilton Accies and Ayr United in the Betfred Cup.
