The 2002-03 Scottish Third Division was won by Greenock Morton who, along with second placed East Fife, gained promotion to the Second Division. East Stirlingshire finished bottom.
| P | Team | Pld | W | D | L | GF | GA | GD | Pts | Promotion |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Greenock Morton | 36 | 21 | 9 | 6 | 67 | 33 | 34 | 72 | Promoted to Second Division 2003-04 |
| 2 | East Fife | 36 | 20 | 11 | 5 | 73 | 37 | 36 | 71 | |
| 3 | Albion Rovers | 36 | 20 | 10 | 6 | 62 | 36 | 26 | 70 | |
| 4 | Peterhead | 36 | 20 | 8 | 8 | 76 | 37 | 39 | 68 | |
| 5 | Stirling Albion | 36 | 15 | 11 | 10 | 50 | 44 | 6 | 56 | |
| 6 | Gretna | 36 | 11 | 12 | 13 | 50 | 50 | 0 | 45 | |
| 7 | Montrose | 36 | 7 | 12 | 17 | 35 | 61 | -26 | 33 | |
| 8 | Queen's Park | 36 | 7 | 11 | 18 | 39 | 51 | -12 | 32 | |
| 9 | Elgin City | 36 | 5 | 13 | 18 | 33 | 63 | -30 | 28 | |
| 10 | East Stirlingshire | 36 | 2 | 7 | 27 | 32 | 105 | -73 | 13 |
The average attendances for Scottish Third Division clubs for season 2002/03 are shown below:
| Club | Average |
|---|---|
| Greenock Morton | 2,333 |
| East Fife | 759 |
| Queen's Park | 719 |
| Peterhead | 712 |
| Stirling Albion | 658 |
| Albion Rovers | 491 |
| Elgin City | 484 |
| Gretna | 419 |
| Montrose | 376 |
| East Stirlingshire | 324 |
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