1935 Országos Bajnokság I (men's water polo) was the 29th water polo championship in Hungary. There were eight teams who played one-round match for the title.
| Team | M | W | D | L | G+ | G− | P | |
|---|---|---|---|---|---|---|---|---|
| 1. | Újpesti TE | 7 | 6 | 0 | 1 | 39 | 8 | 12 |
| 2. | MAC | 7 | 5 | 0 | 2 | 17 | 9 | 10 |
| 3. | MTK | 7 | 4 | 1 | 2 | 23 | 15 | 9 |
| 4. | III. ker. TVE | 7 | 3 | 2 | 2 | 19 | 11 | 8 |
| 5. | BEAC | 7 | 3 | 1 | 3 | 23 | 25 | 7 |
| 6. | Szegedi UE | 7 | 3 | 0 | 4 | 25 | 23 | 6 |
| 7. | Ferencvárosi TC | 7 | 2 | 0 | 5 | 9 | 31 | 4 |
| 8. | MOVE Eger SE | 7 | 0 | 0 | 7 | 7 | 40 | 0 |
* M: Matches W: Win D: Drawn L: Lost G+: Goals earned G−: Goals got P: Point
Budapest: 1. BSE 16, 2. NSC 10, 3. MUE 7, 4. BBTE 7, 5. VAC 0 point.
Eastern Division: Szolnoki MÁV 10, 2. Orosházi UE 9, 3. Egri TE 5, 4. Jászapáti Összetartás SE 0 point.
Western Division: 1. Tatabányai SC 6, 2. Győri UE 5, 3. Pécsi AC 1 point.
Final: 1. BSE, 2. Tatabányai SC, 3. Szolnoki MÁV.