Football League Third Division South 1923/24
| Pos | Club | Pld | W | D | L | F | A | GA | Pts | Notes |
| 1st | Portsmouth | 42 | 24 | 11 | 7 | 87 | 30 | 2.900 | 59 | ▲Champions |
| 2nd | Plymouth Argyle | 42 | 23 | 9 | 10 | 70 | 34 | 2.059 | 55 | Runners Up |
| 3rd | Millwall | 42 | 22 | 10 | 10 | 64 | 38 | 1.684 | 54 | - |
| 4th | Swansea Town | 42 | 22 | 8 | 12 | 60 | 48 | 1.250 | 52 | - |
| 5th | Brighton & Hove Albion | 42 | 21 | 9 | 12 | 68 | 37 | 1.838 | 51 | - |
| 6th | Swindon Town | 42 | 17 | 13 | 12 | 58 | 44 | 1.318 | 47 | - |
| 7th | Luton Town | 42 | 16 | 14 | 12 | 50 | 44 | 1.136 | 46 | - |
| 8th | Northampton Town | 42 | 17 | 11 | 14 | 64 | 47 | 1.362 | 45 | - |
| 9th | Bristol Rovers | 42 | 15 | 13 | 14 | 52 | 46 | 1.130 | 43 | - |
| 10th | Newport County | 42 | 17 | 9 | 16 | 56 | 64 | 0.875 | 43 | - |
| 11th | Norwich City | 42 | 16 | 8 | 18 | 60 | 59 | 1.017 | 40 | - |
| 12th | Aberdare Athletic | 42 | 12 | 14 | 16 | 45 | 58 | 0.776 | 38 | - |
| 13th | Merthyr Town | 42 | 11 | 16 | 15 | 45 | 65 | 0.692 | 38 | - |
| 14th | Charlton Atheltic | 42 | 11 | 15 | 16 | 38 | 45 | 0.844 | 37 | - |
| 15th | Gillingham | 42 | 12 | 13 | 17 | 43 | 58 | 0.741 | 37 | - |
| 16th | Exeter City | 42 | 15 | 7 | 20 | 37 | 52 | 0.712 | 37 | - |
| 17th | Brentford | 42 | 14 | 8 | 20 | 54 | 71 | 0.761 | 36 | - |
| 18th | Reading | 42 | 13 | 9 | 20 | 51 | 57 | 0.895 | 35 | - |
| 19th | Southend United | 42 | 12 | 10 | 20 | 53 | 64 | 0.651 | 34 | - |
| 20th | Watford | 42 | 9 | 15 | 18 | 45 | 54 | 0.833 | 33 | - |
| 21st | Bournemouth & Boscambe Athletic | 42 | 11 | 11 | 20 | 40 | 65 | 0.615 | 33 | Re Elected |
| 22nd | Queens Park Rangers | 42 | 11 | 9 | 22 | 37 | 77 | 0.481 | 31 | Re Elected |
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Election for League Membership |
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| The bottom two clubs were required to seek re-election to the League. They were both Re Elected to the League unopposed | ||
| Votes | Club | End Result |
| n/a | Bournemouth & Boscambe Athletic | Re Elected to the League |
| n/a | Queens Park Rangers | Re Elected to the League |
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End of Season Notes |
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▼Bristol City were Relegated from the Football League Second Division |
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▲Portsmouth were Promoted to the Football League Second Division |
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- Bournemouth & Boscambe Athletic were Re-Elected to the League |
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- Queens Park Rangers were Re-Elected to the League |