1948 Országos Bajnokság I (men's water polo) was the 42nd water polo championship in Hungary. Ten teams played one-round match for the title.

* M: Matches W: Win D: Drawn L: Lost G+: Goals earned G−: Goals got P: Point

1. Csepeli MTK 20, 2. Előre 19 (1), 3. MTE 18, 4. Neményi 15, 5. BEAC 14 (2), III. ker. TVE 10 (1), BRE 9, TASE 9, Postás 4 (1), MÁVAG 4 (1), VAC 2 (1), Tipográfia 0 point. In parentheses number of matches is missed.

• Gyarmati Dezső: Aranykor (Hérodotosz Könyvkiadó és Értékesítő Bt., Budapest, 2002.)

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