| Competition: | Segunda División |
| Season: | 1968–69 |
| Winners: | Sevilla |
| Promoted: | Sevilla Celta Vigo Mallorca |
| Relegated: | Alcoyano Alavés Mestalla Cádiz Indauchu Jerez Industrial |
| League Topscorer: | Quino (32 goals) |
| Best Goalkeeper: | Rodri (0.71 goals/match) |
| Biggest Home Win: | (22 December 1968) |
| Biggest Away Win: | (18 January 1969) (17 March 1969) |
| Highest Scoring: | (22 December 1968) |
| Matches: | 380 |
| Total Goals: | 1036 |
| Prevseason: | 1967–68 |
| Nextseason: | 1969–70 |
The 1968–69 Segunda División season was the 38th since its establishment and was played between 8 September 1968 and 8 June 1969.
20 teams joined the league, including two relegated from the 1967–68 La Liga and 5 promoted from the 1967–68 Tercera División.
| Goalscorers | Goals | Team |
|---|---|---|
 Quino | 32 | Real Betis |
| 31 | Mestalla | |
| Germán Muiños | 19 | Ferrol |
| Enrique Galán | 17 | Oviedo |
| Antonio Conesa | 15 | Mallorca |
| Goalkeeper | Goals | Matches | Average | Team | |
|---|---|---|---|---|---|
| Rodri | 27 | 38 | Sevilla | ||
| José Bermúdez | 28 | 37 | Celta Vigo | ||
| Juan Zumalabe | 29 | 34 | Ferrol | ||
| Jesús Castro | 21 | 24 | Real Gijón | ||
| Alejandro Samper | 36 | 35 | Rayo Vallecano |