Other Leagues: Major Leagues, NL
Pennant Winner: New York Yankees
AL Most Valuable Player: Yogi Berra
AL Rookie of the Year: Herb Score
| Award | Player | Stats |
|---|---|---|
| Most Valuable Player Award | Yogi Berra | NYY 147 G .272/.349/.470 |
| Rookie of the Year Award | Herb Score | CLE 16-10, 2.85, 245 SO |
| Batting Champion (highest BA as recognized at time) | Al Kaline | DET 152 G .340/.421/.546 |
| ERA Pitching Champion (lowest ERA as recognized at time) | Billy Pierce | CHW 15-10 (3 SV), 1.97, 157 SO |
| TSN Pitcher of the Year | Whitey Ford | NYY 18-7 (2 SV), 2.63, 137 SO |
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