The 1997–98 Ukrainian Second League was the seventh season of 3rd level professional football in Ukraine. The competition commenced on 31 July 1997 and ended on 29 June 1998.
| Scorer | Team | Goals (Pen.) | |
|---|---|---|---|
| 1 | Yuriy Bakhovskyi | Veres Rivne | 16 |
| 2 | Pavlo Onysko | Karpaty-2 Lviv | 14 (1) |
| Viktor Danylychyn | Krystal Chortkiv | 14 (3) | |
| 4 | Vasyl Bondarchuk | 12 | |
| Volodymyr Ivakhnyuk | FC Kalush | 12 (1) |
|}
Zirka-2 Kirovohrad won on walkover after Kharchovyk Popivka withdrew from the play-offs.
Tysmenytsia won 4–1 on aggregate.Shakhtar Horlivka won on walkover after Hirnyk Pavlohrad did not arrive.