| Competition: | Primera División |
| Season: | 1938 |
| Winners: | Independiente (3rd title) |
| Promoted: | Almagro |
| Relegated: | Almagro Talleres (BA) |
| Continentalcup1: | 1938 Copa Aldao |
| Continentalcup1 Qualifiers: | Independiente |
| League Topscorer: | Arsenio Erico (Independiente) (43 goals) |
| Prevseason: | 1937 |
| Nextseason: | 1939 |
The 1938 Argentine Primera División was the 47th season of top-flight football in Argentina. The season began on April 3 and ended on December 18.[1]
There were 17 teams in the tournament, and Independiente won the championship.