| Rk | Team | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Payroll | Top Batter | Top Pitcher | Playoffs |
| 1 | New York Yankees ** | 103 | 51 | .669 | -- | 801 | 507 | Joe McCarthy | Yankee Stadium | 922,011 | $0 | Joe DiMaggio (2) | Tiny Bonham (2) | Lost World Series (Cardinals) |
| 2 | Boston Red Sox | 93 | 59 | .612 | 9.0 | 761 | 594 | Joe Cronin | Fenway Park | 730,340 | $0 | Ted Williams (1) | Tex Hughson (1) | |
| 3 | St. Louis Browns | 82 | 69 | .543 | 19.5 | 730 | 637 | Luke Sewell | Sportsman's Park | 255,617 | $0 | Don Gutteridge (11) | Johnny Niggeling (5) | |
| 4 | Cleveland Indians | 75 | 79 | .487 | 28.0 | 590 | 659 | Lou Boudreau | Cleveland Municipal Stadi | 459,447 | $0 | Jeff Heath (10) | Jim Bagby (3) | |
| 5 | Detroit Tigers | 73 | 81 | .474 | 30.0 | 589 | 587 | Del Baker | Briggs Stadium | 580,087 | $0 | Barney McCosky (18) | Hal Newhouser (7) | |
| 6 | Chicago White Sox | 66 | 82 | .446 | 34.0 | 538 | 609 | Jimmy Dykes | Comiskey Park | 425,734 | $0 | Don Kolloway (26) | Ted Lyons (9) | |
| 7 | Washington Senators I | 62 | 89 | .411 | 39.5 | 653 | 817 | Bucky Harris | Griffith Stadium | 403,493 | $0 | Stan Spence (6) | Bobo Newsom (16) | |
| 8 | Philadelphia Athletics | 55 | 99 | .357 | 48.0 | 549 | 801 | Connie Mack | Shibe Park | 423,487 | $0 | Bob Johnson (7) | Phil Marchildon (4) |