| Season: | 1992–93 |
| League Topscorer: | 20 - S.Matviiv (Dnipro) |
| Nextseason: | 1993–94 |
The 1992–93 Ukrainian Second League was the second season of 3rd level professional football in Ukraine. The League was reorganized into a single group for the next several seasons. The season started on August 17, 1992, and finished on July 3, 1993.
Due to competition reorganization there were no teams promoted from a lower tier. The Second League was created by combining 10 less fortunate teams that previously played in the First League with 8 better teams that previously played in the Transition League. The other 10 less fortunate teams of the last season Transition League were moved to the newly established lower tier also named Transition League where they will compete with better amateur teams.
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Debut for all teams previously playing in the First League
| Khimik Zhytomyr | Khimik Stadium | A 10th | |
| Tavriya Kherson | Krystal Stadium | B 10th | |
| Halychyna Drohobych | Kranivnyk Stadium | A 11th | |
| Azovets Mariupol | Novator Stadium Azovstal Stadium | B 11th | |
| Dnipro Cherkasy | Central City Stadium | A 12th | |
| Shakhtar-2/Metalurh | Stadion imeni Frunze Avtoshkla Stadium Metalurh Stadium | B 12th | |
| Chaika Sevastopol | Chaika Stadium | A 13th | |
| Vahonobudivnyk Stakhanov | Peremoha Stadium | B 13th | |
| ZS-Oriana/CSK ZSU | SKA/CSK ZSU Stadium | A 14th | |
| Chornomorets-2 Odesa | IZhBK Lokomotyv Stadium, Oleksandrivka SKA Stadium, Odesa | B 14th |
| Dnister Zalishchyky | Dnister Stadium | A 1st | |
| Bazhanovets Makiivka | Avanhard Stadium | B 1st | |
| Hazovyk Komarno | Hazovyk Stadium | A 2nd | |
| Tytan Armyansk | Khimik Stadium | B 2nd | |
| Yavir Krasnopillia | Kolos Stadium | A 3rd | |
| Meliorator Kakhovka | Avanhard Stadium Olimpiyskiy Stadium | B 3rd | |
| Zirka Kirovohrad | Zirka Stadium | A 4th | |
| Druzhba Osypenko | Torpedo Stadium Olimpiets Stadium, Prymorsk Enerhiya Stadium | B 4th |
| Club | Head coach | Replaced coach | |
|---|---|---|---|
 Anatoliy Lebid Viktor Maslov | |||
| Anatoliy Demyanenko[1] | Oleh Feshchukov Viktor Ishchenko | ||
| Vitaliy Sidnyov | |||
| Stepan Yurchyshyn | |||
| Valeriy Dushkov | |||
| Scorer | Goals (Pen.) | Team | |
|---|---|---|---|
| 1 | Stepan Matviiv | 20 (8) | Dnipro Cherkasy |
| 2 | Vasyl Herasymchuk | 15 (5) | Chaika Sevastopol |
| 3 | Oleh Vietrov | 13 (6) | Bazhanovets Makiivka |
| 4 | Vasyl Karpin | 12 | |
| Vladyslav Suchko | 12 (1) | Meliorator Kakhovka | |
| Volodymyr Shyshkov | 12 (2) | Khimik Zhytomyr | |
| Hryhoriy Lazarko | 12 (5) | Yavir Krasnopillia |