| Nextseason: | 2004–05 |
The 2003–04 Scottish Third Division was won by Stranraer who, along with Stirling Albion, gained promotion to the Second Division. East Stirlingshire finished bottom.
| Scorer | Goals | Team | |
|---|---|---|---|
| Michael Moore | 24 | Stranraer | |
| 21 | Stirling Albion | ||
| 18 | Stranraer | ||
| Martin Johnston | Peterhead | ||
| Paul McManus | Albion Rovers | ||
| 17 | Gretna | ||
| Martin Bavidge | 16 | Peterhead | |
| Alex Bone | 15 | Elgin City | |
| Scott Michie | 13 | Montrose | |
| Dene Shields | 12 | Cowdenbeath |
The average attendance for Scottish Third Division clubs for season 2003/04 are shown below:
| Club | Average | |
|---|---|---|
| 754 | ||
| 579 | ||
| 526 | ||
| 516 | ||
| 513 | ||
| 465 | ||
| 361 | ||
| 348 | ||
| 306 | ||
| 278 |