The 1934 VFL season was the 38th season of the Victorian Football League (VFL), the highest-level senior Australian rules football competition in Victoria.

The season featured twelve clubs and ran from 5 May to 13 October, comprising an 18-match home-and-away season followed by a four-week finals series featuring the top four clubs.

Richmond won the minor premiership by finishing atop the home-and-away ladder with a 15–3 win–loss record.

Essendon's Dick Reynolds won the Brownlow Medal as the league's best and fairest player, and South Melbourne's Bob Pratt won his second consecutive leading goalkicker medal as the league's leading goalkicker; Pratt's 150 goals for the season (including finals) is a league record that has only been equalled once, in 1971.

Once the 18 round home-and-away season had finished, the 1934 VFL Premiers were determined by the specific format and conventions of the Page–McIntyre system.