1937–38 Scottish Division Two
| Season | 1937–38 |
|---|---|
| Champions | Raith Rovers |
| Promoted | Raith Rovers Albion Rovers |
← 1936–37 1938–39 → | |
The 1937–38 Scottish Second Division was won by Raith Rovers who, along with second placed Albion Rovers, were promoted to the First Division. Brechin City finished bottom.