| Competition: | Scottish Division One |
| Season: | 1928–29 |
| Winners: | Rangers |
| Relegated: | Third Lanark Raith Rovers |
| Prevseason: | 1927–28 |
| Nextseason: | 1929–30 |
The 1928–29 Scottish Division One season of Association football was won by Rangers by sixteen points over nearest rival Celtic. Third Lanark and Raith Rovers finished 19th and 20th respectively and were relegated to the 1929–30 Scottish Division Two.