The 1929 Primera División was the 14th season of top-flight Peruvian football.

Alianza Lima was disqualified after 7 games; their record was deleted but they were admitted for 1930.

The 1928 season was reduced from 19 to 13 teams and was played in a single league table instead of two.

Santa Catalina, Lawn Tennis, Asociación Alianza, Alberto Secada, Jorge Washington, Alianza Callao, José Alaya and Unión were relegated by placing last in their respective groups.

Sporting Tabaco and Hidroaviación were promoted in their place.