League Awards
| Award | Player | Stats |
|---|---|---|
| Most Valuable Player Award | Mickey Mantle | NYY 150 G .353/.464/.705 |
| Cy Young Award | Don Newcombe (ML) | BRO 27-7, 3.06, 139 SO |
| Rookie of the Year Award | Luis Aparicio | CHW 152 G .266/.311/.341 |
| Triple Crown | Mickey Mantle | NYY 150 G .353/.464/.705 |
| Batting Champion (highest BA as recognized at time) | Mickey Mantle | NYY 150 G .353/.464/.705 |
| ERA Pitching Champion (lowest ERA as recognized at time) | Whitey Ford | NYY 19-6 (1 SV), 2.47, 141 SO |
| TSN Pitcher of the Year | Billy Pierce | CHW 20-9 (1 SV), 3.32, 192 SO |
League All-Stars