See main article: Preston City Council elections.
Elections to Preston Borough Council were held on 7 May 1998. One third of the council was up for election and the Labour party kept overall control of the council.
After the election, the composition of the council was:
| Party | Seats | ± | ||
|---|---|---|---|---|
| 30 | +2 | |||
| 13 | +1 | |||
| 13 | 0 | |||
| 1 | +1 | |||