| Competition: | Peruvian Segunda División |
| Season: | 1968 |
| Winners: | Deportivo Municipal |
| Relegated: | Unión América |
| League Topscorer: | Hugo Sotil (14) |
| Prevseason: | 1967 |
| Nextseason: | 1969 |
The 1968 Peruvian Segunda División, the second division of Peruvian football (soccer), was played by 10 teams. The tournament winner, Deportivo Municipal was promoted to the 1969 Torneo Descentralizado.
| Team | City |
|---|---|
| Callao | |
| Atlético Sicaya | Callao |
| Callao | |
| Cercado de Lima, Lima | |
| Cercado de Lima, Lima | |
| Callao | |
| Independiente Sacachispas | Breña, Lima |
| Juventud Gloria | Cercado de Lima, Lima |
| Racing | San Isidro, Lima |
| Cercado de Lima, Lima | |
