Fourteen teams participated in the 1991–92 Cypriot Third Division. All teams played against each other twice, once at their home and once away. The team with the most points at the end of the season crowned champions. The first two teams were promoted to
1992–93 Cypriot Second Division. The last three teams were relegated to the
1992–93 Cypriot Fourth Division. The 3rd-placed team faced the 12th-placed team of the
1992–93 Cypriot Second Division, in a two-legged relegation play-off for one spot in the
1992–93 Cypriot Second Division.
Point system Teams received three points for a win, one point for a draw and zero points for a loss. ==League standings==