| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Crvena zvezda | 20 | 18 | 2 | 0 | 48:5 | 43 | 56 | |
| 2. | Partizan | 20 | 18 | 1 | 1 | 63:14 | 49 | 55 | |
| 3. | FK Obilic | 20 | 17 | 2 | 1 | 41:10 | 31 | 53 | |
| 4. | Radnicki Nis | 20 | 15 | 1 | 4 | 41:15 | 26 | 46 | |
| 5. | Sutjeska | 20 | 14 | 3 | 3 | 33:17 | 16 | 45 | |
| 6. | FK Zeleznik | 20 | 14 | 2 | 4 | 44:24 | 20 | 44 | |
| 7. | Buducnost | 20 | 13 | 3 | 4 | 31:14 | 17 | 42 | |
| 8. | Vojvodina | 20 | 12 | 4 | 4 | 43:18 | 25 | 40 | |
| 9. | Rad Beograd | 20 | 12 | 4 | 4 | 33:17 | 16 | 40 | |
| 10. | Hajduk Beograd | 20 | 12 | 3 | 5 | 37:25 | 12 | 39 | |
| 11. | Milicionar Beograd | 20 | 11 | 5 | 4 | 30:17 | 13 | 38 | |
| 12. | OFK Beograd | 20 | 11 | 5 | 4 | 35:23 | 12 | 38 | |
| 13. | Zemun | 20 | 11 | 5 | 4 | 25:21 | 4 | 38 | |
| 14. | Hajduk Kula | 20 | 11 | 4 | 5 | 27:19 | 8 | 37 | |
| 15. | Mogren | 20 | 11 | 4 | 5 | 30:23 | 7 | 37 | |
| 16. | Smederevo | 20 | 11 | 3 | 6 | 33:21 | 12 | 36 | |
| 17. | Radnicki 1923 | 20 | 9 | 9 | 2 | 23:11 | 12 | 36 | |
| 18. | Proleter Zrenjanin | 20 | 9 | 6 | 5 | 21:13 | 8 | 33 | |
| 19. | Cukaricki | 20 | 8 | 7 | 5 | 24:18 | 6 | 31 | |
| 20. | Sp. Subotica | 20 | 8 | 4 | 8 | 26:32 | -6 | 28 | |
| 21. | Borac 1926 | 20 | 5 | 1 | 14 | 17:35 | -18 | 16 |