The 1994 Russian First League was the 3rd edition of Russian First Division. It was the first season after conversion from 3 zones in the First League into one zone of 22 teams.
| Team | Head coach |
|---|---|
| FC Chernomorets Novorossiysk | Oleg Dolmatov |
| FC Rostselmash Rostov-on-Don | Enver Yulgushov |
| FC Baltika Kaliningrad | Anatoli Ivanov |
| FC Sokol Saratov | Aleksandr Koreshkov |
| FC Shinnik Yaroslavl | Igor Volchok |
| FC Neftekhimik Nizhnekamsk | Gennadi Sarychev |
| FC Zarya Leninsk-Kuznetsky | Sergei Vasyutin |
| FC Druzhba Maykop | Soferbi Yeshugov |
| FC Lokomotiv Chita | Aleksandr Kovalyov |
| FC Asmaral Moscow | Valentin Ivanov (until August) Vladimir Belousov (from August) |
| FC Uralan Elista | Viktor Lidzhiyev |
| FC Luch Vladivostok | Igor Sayenko |
| FC Zenit St. Petersburg | Vyacheslav Melnikov |
| FC Zvezda Irkutsk | Sergei Muratov |
| FC Okean Nakhodka | Ishtvan Sekech |
| FC Irtysh Omsk | Artyom Amirdzhanov |
| FC Smena-Saturn St. Petersburg | Oleg Tereshonkov |
| FC Avtodor Vladikavkaz | Igor Tsakoyev |
| FC Torpedo Vladimir | Yuri Pyanov |
| FC Erzu Grozny | Vait Talgayev |
| FC Zvezda Perm | Viktor Slesarev |
| FC Tekhinvest-M Moskovsky | Aleksandr Novikov |
| Rank | Player | Team | Goals |
|---|---|---|---|
| 1 |  Dmitri Silin | Baltika | 35 |
| 2 | Aleksandr Maslov | Rostselmash | 32 |
| 3 | Sergei Burdin | Chernomorets | 30 |
| 4 | Dmitri Vyazmikin | Torpedo (Vld) | 24 |
| 5 | Sergei Toporov | Zarya | 21 |
 Valeriy Yablochkin | Shinnik | ||
| 7 | Khazret Dyshekov | Chernomorets | 19 |
| 8 | Lev Matveyev | Zvezda (P) | 17 |
| 9 | Leonid Markevich | Sokol | 16 |
| Yevgeni Yastrebinskiy | Uralan |