The railway network has always acted as one of the most favored modes of transportation owing to its ability to haul heavy loads at an economical price point. For the rapid growth of the economy and industries, the need for an increase in train speed instigates the need for advanced infrastructure facilities such as slab tracks in place of ballasted tracks. The primary idea of incorporating a slab track is its ability to withstand high axle load with limited deformation. Hence, it becomes essential to understand the behavior of these slab tracks under high-speed rail loads. However, creating real-life models of rail sections and testing them will be a costly affair. Hence, researchers and field engineers’ resort to analyzing through computational methods such as the finite element method. In the present study, an attempt has been made to compare the performance of slab and ballasted track placed under two different conditions (i.e., Slab and Ballasted track on ground and embankment). The above cases were modeled in PLAXIS 3D and analyzed for their performance under dynamic conditions. The dynamic responses such as displacement, velocity, and acceleration of the track are analyzed. It has been observed that the vertical displacement in ballasted track is about 3 times as that of slab track, and it depends on the stiffness properties of the track and soil below the track. The performance of the ballasted track is more influenced by the properties of soil just below the track as compared to the slab track.