| Competition: | Peruvian Segunda División |
| Season: | 1946 |
| Dates: | 2 November 1946 – 5 January 1947 |
| Winners: | Ciclista Lima |
| Relegated: | Progresista Apurímac |
| Prevseason: | 1945 |
| Nextseason: | 1947 |
The 1946 Peruvian Segunda División, the second division of Peruvian football (soccer), was played by 8 teams. The tournament winner, Ciclista Lima was promoted to the 1947 Peruvian Primera División.
| Team | City |
|---|---|
| Chorrillos, Lima | |
| Cercado de Lima, Lima | |
| Cercado de Lima, Lima | |
| Callao | |
| Callao | |
| Barranco, Lima | |
| Callao | |
| Callao | |
--------