| Season: | 1938–39 |
| Competition: | Maltese First Division |
| Winners: | Sliema Wanderers F.C. (10th title) |
| Matches: | 12 |
| Total Goals: | 35 |
| Prevseason: | 1937–38 |
| Nextseason: | 1939–40 |
The 1938–39 Maltese First Division was the 28th season of top-tier football in Malta. It was contested by 4 teams, and Sliema Wanderers F.C. won the championship.