The 1995 Russian First League was the 4th edition of Russian First Division. It was the first season when 3 points were awarded for a win.
| Team | Head coach |
|---|---|
| FC Baltika Kaliningrad | Leonid Tkachenko |
| FC Lada Togliatti | Viktor Antikhovich |
| FC Zenit St. Petersburg | Pavel Sadyrin |
| FC Zvezda Irkutsk | Sergei Muratov |
| FC Shinnik Yaroslavl | Igor Volchok |
| FC Luch Vladivostok | Lev Burchalkin |
| FC Neftekhimik Nizhnekamsk | Gennadi Sarychev |
| FC Lokomotiv Chita | Aleksandr Kovalyov |
| FC Dynamo Stavropol | Boris Stukalov |
| FC Sokol-PZhD Saratov | Aleksandr Koreshkov |
| FC Chkalovets Novosibirsk | Leonid Shevchenko |
| FC Zarya Leninsk-Kuznetsky | Sergei Vasyutin |
| FC Fakel Voronezh | Sergei Savchenkov |
| FC Torpedo Arzamas | Vladimir Dergach (until May) Valeri Tikhonov (from June) |
| FC Uralan Elista | Viktor Lidzhiyev |
| FC Torpedo Volzhsky | Oleg Dudarin (until May) Vladimir Dergach (from June) |
| FC Okean Nakhodka | Ishtvan Sekech |
| FC Druzhba Maykop | Soferbi Yeshugov |
| FC Saturn-1991 St. Petersburg | Leonid Ostroushko (until June) Oleg Tereshonkov (from June) |
| FC Irtysh Omsk | Vladimir Arays (until June) Aleksandr Ivchenko (from June) |
| FC Kolos Krasnodar | Valeriy Yaremchenko (until August) Leonid Pakhomov (from August) |
| FC Asmaral Moscow | Vladimir Mikhaylov |
| Rank | Player | Team | Goals |
|---|---|---|---|
| 1 |  Sergei Bulatov | Baltika | 29 |
| 2 | Sergei Toporov | Zarya | 28 |
| 3 | Mikhail Potylchak | Torpedo (Vlzh) | 21 |
| 4 | Vladimir Kulik | Zenit | 19 |
| 5 | Eduard Bogdanov | Uralan Elista | 18 |
| Nail Galimov | Lokomotiv (Ch) | ||
| Rustyam Fakhrutdinov | Neftekhimik | ||
 Karapet Mikaelyan | Zvezda | ||
| 9 | Ayrat Akhmetgaliyev | Neftekhimik | 16 |
| Oleg Rydny | Dynamo (St) | ||
| Aleksandr Selenkov | Luch |