Division 2 Södra 1928–29 was part of the 1928–29 Swedish football season.
| Team | Pld | W | D | L | GF | GA | GD | Pts | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stattena IF | 18 | 12 | 3 | 3 | 45 | – | 22 | +23 | 27 |
| 2 | Redbergslids IK | 18 | 12 | 1 | 5 | 47 | – | 25 | +22 | 25 |
| 3 | Halmstads BK | 18 | 11 | 1 | 6 | 46 | – | 29 | +17 | 23 |
| 4 | Malmö FF | 18 | 8 | 2 | 8 | 42 | – | 41 | +1 | 18 |
| 5 | Kalmar FF | 18 | 6 | 4 | 8 | 42 | – | 44 | -2 | 16 |
| 6 | IFK Uddevalla | 18 | 7 | 1 | 10 | 29 | – | 43 | -14 | 15 |
| 7 | Fässbergs IF | 18 | 7 | 0 | 11 | 36 | – | 42 | -8 | 14 |
| 8 | Krokslätts FF | 18 | 6 | 2 | 10 | 29 | – | 40 | -11 | 14 |
| 9 | IS Halmia | 18 | 5 | 4 | 9 | 23 | – | 34 | -11 | 14 |
| 10 | Jonsereds IF | 18 | 6 | 2 | 10 | 30 | – | 49 | -19 | 14 |
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