| Competition: | Cypriot Second Division |
| Season: | 1991–92 |
| Winners: | Ethnikos Achna (2nd title) |
| Matches: | 182 |
| Total Goals: | 609 |
| Prevseason: | 1990–91 |
| Nextseason: | 1992–93 |
The 1991–92 Cypriot Second Division was the 37th season of the Cypriot second-level football league. Ethnikos Achna won their 2nd title.
Fourteen teams participated in the 1991–92 Cypriot Second Division. All teams played against each other twice, once at their home and once away. The team with the most points at the end of the season crowned champions. The first two teams were promoted to 1992–93 Cypriot First Division. The last two teams were relegated to the 1992–93 Cypriot Third Division.
The 3rd-placed team faced the 12th-placed team of the 1991–92 Cypriot First Division, in a two-legged relegation play-off for one spot in the 1992–93 Cypriot First Division. The 12th-placed team faced the 3rd-placed team of the 1991–92 Cypriot Third Division, in a two-legged relegation play-off for one spot in the 1992–93 Cypriot Second Division.
Teams promoted to 1991–92 Cypriot First Division
Teams relegated from 1990–91 Cypriot First Division
Teams promoted from 1990–91 Cypriot Third Division
Teams relegated to 1991–92 Cypriot Third Division
The 3rd-placed team, APEP Pitsilia, faced the 12th-placed team of the 1991–92 Cypriot First Division, Olympiakos Nicosia, in a two-legged relegation play-off for one spot in the 1992–93 Cypriot First Division. Olympiakos Nicosia won both matches and secured their place in the 1992–93 Cypriot First Division.
The 12th-placed team, Ethnikos Assia, faced the 3rd-placed team of the 1991–92 Cypriot Third Division, Adonis Idaliou, in a two-legged relegation play-off for one spot in the 1992–93 Cypriot Second Division. Ethnikos Assia won the playoff and secured their place in the 1992–93 Cypriot Second Division.