Football League Third Division 1968/69
| Pos | Club | Pld | W | D | L | F | A | GA | Pts | Notes |
| 1st | Watford | 46 | 27 | 10 | 9 | 74 | 34 | 2.176 | 64 | ▲Champions |
| 2nd | Swindon Town | 46 | 27 | 10 | 9 | 71 | 35 | 2.029 | 64 | ▲Runners Up |
| 3rd | Luton Town | 46 | 25 | 11 | 10 | 74 | 38 | 1.947 | 61 | - |
| 4th | Bournemouth & Boscambe Athletic | 46 | 21 | 9 | 16 | 60 | 45 | 1.333 | 51 | - |
| 5th | Plymouth Argyle | 46 | 17 | 15 | 14 | 53 | 49 | 1.082 | 49 | - |
| 6th | Torquay United | 46 | 18 | 12 | 16 | 54 | 46 | 1.174 | 48 | - |
| 7th | Tranmere Rovers | 46 | 19 | 10 | 17 | 70 | 68 | 1.029 | 48 | - |
| 8th | Southport | 46 | 17 | 13 | 16 | 71 | 64 | 1.109 | 47 | - |
| 9th | Stockport County | 46 | 16 | 14 | 16 | 67 | 68 | 0.985 | 46 | - |
| 10th | Barnsley | 46 | 16 | 14 | 16 | 58 | 63 | 0.921 | 46 | - |
| 11th | Rotherham United | 46 | 16 | 13 | 17 | 56 | 50 | 1.120 | 45 | - |
| 12th | Brighton & Hove Albion | 46 | 16 | 13 | 17 | 72 | 65 | 1.108 | 45 | - |
| 13th | Walsall | 46 | 14 | 16 | 16 | 50 | 49 | 1.020 | 44 | - |
| 14th | Reading | 46 | 15 | 13 | 18 | 67 | 66 | 1.015 | 43 | - |
| 15th | Mansfield Town | 46 | 16 | 11 | 19 | 58 | 62 | 0.935 | 43 | - |
| 16th | Bristol Rovers | 46 | 16 | 11 | 19 | 63 | 71 | 0.887 | 43 | - |
| 17th | Shrewsbury Town | 46 | 16 | 11 | 19 | 51 | 67 | 0.761 | 43 | - |
| 18th | Orient | 46 | 14 | 14 | 18 | 51 | 58 | 0.879 | 42 | - |
| 19th | Barrow | 46 | 17 | 8 | 21 | 58 | 75 | 0.747 | 42 | - |
| 20th | Gillingham | 46 | 13 | 15 | 18 | 54 | 63 | 0.857 | 41 | - |
| 21st | Northampton Town | 46 | 14 | 12 | 20 | 54 | 61 | 0.885 | 40 | ▼Relegated |
| 22nd | Hartlepool | 46 | 10 | 19 | 17 | 40 | 70 | 0.571 | 39 | ▼Relegated |
| 23rd | Crewe Alexandra | 46 | 13 | 9 | 24 | 52 | 76 | 0.684 | 35 | ▼Relegated |
| 24th | Oldham Athletic | 46 | 13 | 9 | 24 | 50 | 83 | 0.602 | 35 | ▼Relegated |
-
|
End of Season Notes |
| ▼Bury were Relegated from the Football League Second Division |
| ▼Fulham were Relegated from the Football League Second Division |
| ▲Watford were Promoted to the Football League Second Division |
| ▲Swindon Town were Promoted to the Football League Second Division |
| ▼Northampton Town were Relegated to the Football League Fourth Division |
| ▼Hartlepool were Relegated to the Football League Fourth Division |
| ▼Crewe Alexandra were Relegated to the Football League Fourth Division |
| ▼Oldham Athletic Relegated to the Football League Fourth Division |
| ▲Doncaster Rovers were Promoted from the Football League Fourth Division |
| ▲Halifax Town were Promoted from the Football League Fourth Division |
| ▲Rochdale were Promoted from the Football League Fourth Division |
| ▲Bradford City were Promoted from the Football League Fourth Division |