1968–69 Segunda División

The 1968–69 Segunda División season saw 20 teams participate in the second flight Spanish league. Sevilla, Celta and Mallorca were promoted to Primera División. Mestalla, Cádiz, Indautxu, Jerez Industrial, Alavés and Alcoyano were relegated to Tercera División.

Key to colors in league table:
Promoted to Primera División
Relegation playoff
Relegated to Tercera División

Position	Club	Played	Points	Wins	Draws	Losses	Goals for	Goals against	Goal Difference
1	Sevilla FC	38	53	22	9	7	56	30	+26
2	RC Celta de Vigo	38	52	24	4	10	63	28	+35
3	RCD Mallorca	38	50	22	6	10	62	37	+25
4	Club Ferrol	38	47	19	9	10	55	39	+16
5	Real Gijón CF	38	42	16	10	12	60	46	+14
6	CF Calvo Sotelo	38	42	15	12	11	47	41	+6
7	Real Betis Balompié	38	41	14	13	11	69	51	+18
8	Real Murcia CF	38	40	15	10	13	52	48	+4
9	AD Rayo Vallecano	38	40	14	12	12	51	44	+7
10	Real Valladolid	38	39	15	9	14	61	48	+13
11	Real Oviedo CF	38	38	16	6	16	45	45	0
12	Burgos CF	38	38	14	10	14	47	53	-6
13	CD Alcoyano	38	35	12	11	15	51	55	-4
14	Deportivo Alavés	38	35	15	5	18	47	62	-15
15	Onteniente CF	38	34	15	4	19	47	54	-7
16	CD Ilicitano	38	32	12	8	18	50	58	-8
17	CD Mestalla	38	30	11	8	19	53	62	-9
18	Cádiz CF	38	30	13	4	21	44	65	-21
19	SD Indauchu	38	24	9	6	23	40	79	-39
20	Jerez Industrial CF	38	18	6	6	26	36	91	-55

Relegation playoff