PAEEK FC won their 2nd title.
Fourteen teams participated in the 2002–03 Cypriot Third Division.
The team with the most points at the end of the season crowned champions.
The first three teams were promoted to the 2003–04 Cypriot Second Division and the last three teams were relegated to the 2003–04 Cypriot Fourth Division.
Teams promoted to 2002–03 Cypriot Second Division Teams relegated from 2001–02 Cypriot Second Division Teams promoted from 2001–02 Cypriot Fourth Division Teams relegated to 2002–03 Cypriot Fourth Division