| Rk | Team | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Payroll | Top Batter | Top Pitcher | Playoffs |
| 1 | New York Yankees ** | 106 | 45 | .702 | -- | 967 | 556 | Joe McCarthy | Yankee Stadium | 859,785 | $0 | Red Rolfe (6) | Red Ruffing (3) | Won World Series (Reds) |
| 2 | Boston Red Sox | 89 | 62 | .589 | 17.0 | 890 | 795 | Joe Cronin | Fenway Park | 573,070 | $0 | Ted Williams (1) | Lefty Grove (6) | |
| 3 | Cleveland Indians | 87 | 67 | .565 | 20.5 | 797 | 700 | Ossie Vitt | Cleveland Municipal Stadi | 563,926 | $0 | Ken Keltner (12) | Bob Feller (1) | |
| 4 | Chicago White Sox | 85 | 69 | .552 | 22.5 | 755 | 737 | Jimmy Dykes | Comiskey Park | 594,104 | $0 | Gee Walker (11) | Johnny Rigney (7) | |
| 5 | Detroit Tigers | 81 | 73 | .526 | 26.5 | 849 | 762 | Del Baker | Briggs Stadium | 836,279 | $0 | Hank Greenberg (3) | Bobo Newsom (2) | |
| 6 | Washington Senators I | 65 | 87 | .428 | 41.5 | 702 | 797 | Bucky Harris | Griffith Stadium | 339,257 | $0 | Buddy Lewis (15) | Dutch Leonard (4) | |
| 7 | Philadelphia Athletics | 55 | 97 | .362 | 51.5 | 711 | 1022 | Earle Mack, Connie Mack | Shibe Park | 395,022 | $0 | Bob Johnson (5) | Lynn Nelson (17) | |
| 8 | St. Louis Browns | 43 | 111 | .279 | 64.5 | 733 | 1035 | Fred Haney | Sportsman's Park | 109,159 | $0 | George McQuinn (4) | Bobo Newsom (2) |