Fourteen teams participated in the 2014–15 Cypriot Third Division.
The team with the most points at the end of the season crowned champions.
Teams promoted to 2014–15 Cypriot Second Division Teams relegated from 2013–14 Cypriot Second Division 1Onisillos Sotira were dissolved after the end of the 2013–14 season due to financial problems.
Teams promoted from 2013–14 Cypriot Fourth Division 1Enosi Neon Ypsona merged with Digenis Akritas Ipsona to form ENY-Digenis Ipsona.
Teams relegated to 2014–15 Cypriot Fourth Division