Other Leagues: Major Leagues, NL
Pennant Winner: New York Yankees
AL Most Valuable Player: Yogi Berra
AL Rookie of the Year: Gil McDougald
| Award | Player | Stats |
|---|---|---|
| Most Valuable Player Award | Yogi Berra | NYY 141 G .294/.350/.492 |
| Rookie of the Year Award | Gil McDougald | NYY 131 G .306/.396/.488 |
| Batting Champion (highest BA as recognized at time) | Ferris Fain | PHA 117 G .344/.451/.471 |
| ERA Pitching Champion (lowest ERA as recognized at time) | Saul Rogovin | TOT 12-8, 2.78, 82 SO |
| TSN Pitcher of the Year | Bob Feller | CLE 22-8, 3.50, 111 SO |
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