| Nextseason: | 1998–99 |
The 1997–98 Scottish Second Division was won by Stranraer who, along with second placed Clydebank, were promoted to the First Division. Stenhousemuir and Brechin City were relegated to the Third Division.
| width=30 | P | width=200 | Name | width=30 | Goals |
|---|---|---|---|---|---|
| 1 | Iain Stewart (Inverness CT) | 16 | |||
| 2 | Graham Harvey (Livingston) | 15 | |||
| = | Ian Little (Stenhousemuir) | 15 | |||
| 4 | Martin McLauchan (Forfar Athletic) | 14 | |||
| 5 | Colin McDonald (Clydebank) | 13 | |||
| = | B Thomson (Inverness CT) | 13 | |||
| 7 |  Ben Honeyman (Forfar Athletic) | 12 | |||
| 8 | Tommy Bryce (Queen of the South) | 11 | |||
| = | Matthew Dyer (East Fife) | 11 | |||
| = | Gordon Young (Stranraer) | 11 | |||