The 2004–05 season was Rákospalotai Egyetértés Atlétikai Club's or shortly REAC's 58th competitive season, 6th consecutive season in the Nemzeti Bajnokság II and 92nd year in existence as a football club.
In addition to the domestic league, Rákospalota participated in this season's editions of the Magyar Kupa.
[1] On 21 May, the club's promotion to the Nemzeti Bajnokság I was confirmed when Vác drawed Mosonmagyaróvár with 3 rounds to go.
[2] The players listed had league appearances and stayed until the end of the season.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.