| Rk | Team | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Payroll | Top Batter | Top Pitcher | Playoffs |
| 1 | New York Yankees ** | 98 | 56 | .636 | -- | 669 | 542 | Joe McCarthy | Yankee Stadium | 618,330 | $0 | Charlie Keller (4) | Spud Chandler (1) | Won World Series (Cardinals) |
| 2 | Washington Senators I | 84 | 69 | .549 | 13.5 | 666 | 595 | Ossie Bluege | Griffith Stadium | 574,694 | $0 | George Case (6) | Early Wynn (10) | |
| 3 | Cleveland Indians | 82 | 71 | .536 | 15.5 | 600 | 577 | Lou Boudreau | Cleveland Municipal Stadi | 438,894 | $0 | Oris Hockett (12) | Jim Bagby (5) | |
| 4 | Chicago White Sox | 82 | 72 | .532 | 16.0 | 573 | 594 | Jimmy Dykes | Comiskey Park | 508,962 | $0 | Luke Appling (1) | Orval Grove (21) | |
| 5 | Detroit Tigers | 78 | 76 | .506 | 20.0 | 632 | 560 | Steve O'Neill | Briggs Stadium | 606,287 | $0 | Dick Wakefield (2) | Dizzy Trout (2) | |
| 6 | St. Louis Browns | 72 | 80 | .474 | 25.0 | 595 | 604 | Luke Sewell | Sportsman's Park | 214,392 | $0 | Chet Laabs (8) | Bob Muncrief (15) | |
| 7 | Boston Red Sox | 68 | 84 | .447 | 29.0 | 563 | 607 | Joe Cronin | Fenway Park | 358,275 | $0 | Bobby Doerr (7) | Tex Hughson (3) | |
| 8 | Philadelphia Athletics | 49 | 105 | .318 | 49.0 | 497 | 717 | Connie Mack | Shibe Park | 376,735 | $0 | Irv Hall (28) | Jesse Flores (9) |