| Competition: | Montenegrin First League |
| Season: | 2011–12 |
| Winners: | Budućnost 2nd title |
| Relegated: | Bokelj Berane Dečić |
| Continentalcup1: | Champions League |
| Continentalcup1 Qualifiers: | Budućnost |
| Continentalcup2: | Europa League |
| Continentalcup2 Qualifiers: | Rudar Zeta Čelik (via cup) |
| Matches: | 198 |
| Total Goals: | 497 |
| League Topscorer: | Admir Adrović (22 goals) |
| Biggest Home Win: | Budućnost 6–0 Mladost (5 May 2012) |
| Biggest Away Win: | Bokelj 0–5 Mogren (26 May 2012) |
| Highest Scoring: | Rudar 6–2 Bokelj (30 May 2012) |
| Longest Wins: | 10 games Budućnost |
| Longest Unbeaten: | 21 games Rudar |
| Longest Losses: | 12 games Bokelj Sutjeska |
| Prevseason: | 2010–11 |
| Nextseason: | 2012–13 |
The 2011–12 Montenegrin First League was the sixth season of the top-tier football in Montenegro. The season began on 6 August 2011 and ended on 30 May 2012, with a winter break beginning on 8 December 2011. Mogren are the defending champions.
Bar were directly relegated to the Montenegrin Second League after finishing 12th at the end of last season; the club returned to the second level after just one year. Their place was taken by 2010–11 Second League champions Bokelj, who returned to the top league of Montenegro after an absence of three seasons.
10th-placed Mornar and 11th-placed Sutjeska had to compete in two-legged relegation play-offs. Sutjeska kept their place in the First League by beating Second League runners-up Jedinstvo Bijelo Polje 1–0 on aggregate. On the other hand, Mornar were relegated after losing to Second League third-placed team FK Berane on away goals; the two-leg affair ended 1–1. Berane thus made their immediate return to the league, while Mornar were relegated after two seasons in the top flight.
| Team | City | Stadium | Capacity | Coach |
|---|---|---|---|---|
| Berane | Berane | Gradski Stadion Berane | 9,000 |  Slobodan Đukić |
| Bokelj | Kotor | Stadion pod Vrmcem | 3,000 | Slobodan Drašković |
| Budućnost | Podgorica | Stadion Pod Goricom | 12,000 | Miodrag Radulović |
| Dečić | Tuzi | Stadion Tuško Polje | 1,000 | Božidar Vuković |
| Grbalj | Radanovići | 1,000 | Aleksandar Nedović | |
| Lovćen | Cetinje | Stadion Obilića Poljana | 1,000 | Radovan Kavaja |
| Mladost | Podgorica | Stadion Cvijetni Brijeg | 1,000 | Miodrag Vukotić |
| Mogren | Budva | Stadion Lugovi | 2,000 | Branislav Milačić |
| Petrovac | Petrovac | Stadion Pod Malim Brdom | 1,000 | Milorad Malovrazić |
| Rudar | Pljevlja | Gradski stadion Pljevlja | 7,000 | Dragan Radojičić |
| Sutjeska | Nikšić | Stadion kraj Bistrice | 11,000 | Saša Petrović |
| Zeta | Golubovci | Stadion Trešnjica | 4,000 | Rade Vešović |
The schedule consisted of three rounds. During the first two rounds, each team played each other once home and away for a total of 22 matches. The pairings of the third round were then set according to the standings after the first two rounds, giving every team a third game against each opponent for a total of 33 games per team.
Key numbers for pairing determination (number marks position after 22 games):
| Rounds | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 23rd | 24th | 25th | 26th | 27th | 28th | 29th | 30th | 31st | 32nd | 33rd | |
| 1 – 12 2 – 11 3 – 10 4 – 9 5 – 8 6 – 7 | 1 – 2 8 – 6 9 – 5 10 – 4 11 – 3 12 – 7 | 2 – 12 3 – 1 4 – 11 5 – 10 6 – 9 7 – 8 | 1 – 4 2 – 3 9 – 7 10 – 6 11 – 5 12 – 8 | 3 – 12 4 – 2 5 – 1 6 – 11 7 – 10 8 – 9 | 1 – 6 2 – 5 3 – 4 10 – 8 11 – 7 12 – 9 | 4 – 12 5 – 3 6 – 2 7 – 1 8 – 11 9 – 10 | 1 – 8 2 – 7 3 – 6 4 – 5 11 – 9 12 – 10 | 5 – 12 6 – 4 7 – 3 8 – 2 9 – 1 10 – 11 | 1 – 10 2 – 9 3 – 8 4 – 7 5 – 6 12 – 11 | 6 – 12 7 – 5 8 – 4 9 – 3 10 – 2 11 – 1 | |
The 10th-placed team (against the 3rd-placed team of the Second League) and the 11th-placed team (against the runners-up of the Second League) will both compete in two-legged relegation play-offs after the end of the season.
Jedinstvo won 2–0 on aggregate.----Mornar won 5–1 on aggregate.
| Rank | Scorer | Club | Goals[1] |
|---|---|---|---|
| 1 | Admir Adrović | Budućnost | 22 |
| 2 | Žarko Korać | Zeta | 21 |
| 3 |  Ivica Jovanović | Rudar | 18 |
| 4 | Dragan Bošković | Budućnost | 17 |
| 5 | Srđan Radonjić | Budućnost | 14 |
| Nikola Vujović | Mogren | ||
| 7 | Nenad Jovanović | Petrovac | 12 |
| 8 | Luka Đorđević | Mogren | 10 |
| Đorđe Šušnjar | Sutjeska | ||
| 10 | Igor Ivanović | Rudar | 9 |
| Božo Marković | Sutjeska | ||
| Nenad Stojanović | Rudar |