| Competition: | Cypriot First Division |
| Season: | 1938–39 |
| Prevseason: | 1937–38 |
| Nextseason: | 1939–40 |
The 1938–39 Cypriot First Division was the 5th season of the Cypriot top-level football league.
It was contested by 7 teams, and APOEL F.C. won the championship.