| Competition: | Peruvian Primera División |
| Season: | 1929 |
| Dates: | 7 July 1929 – 23 February 1930 |
| Winners: | Federación Universitaria |
| Relegated: | Jorge Chávez (C) Alianza Chorrillos |
| League Topscorer: |  Carlos Cilloniz (8) |
| Prevseason: | 1928 |
| Nextseason: | 1930 |
The 1929 Primera División was the 14th season of top-flight Peruvian football. A total of 13 teams competed in this league, with Federación Universitaria winning its first league title. Alianza Lima was disqualified after 7 games; their record was deleted but they were admitted for 1930.
The 1928 season was reduced from 19 to 13 teams and was played in a single league table instead of two. Thus, the championship group stage was removed. Two teams were relegated instead of eight.
Santa Catalina, Lawn Tennis, Asociación Alianza, Alberto Secada, Jorge Washington, Alianza Callao, José Alaya and Unión were relegated by placing last in their respective groups. Sporting Tabaco and Hidroaviación were promoted in their place.
| Team | City |
|---|---|
| Alianza Chorrillos | |
| Pueblo Libre, Lima | |
| Sportivo Unión | |
Teams play each other once, either home or away. All matches were played in Lima.