The 1997 Russian Third League was the 4th and, so far, final time competition on the fourth level of Russian football was professional. In 1998 Russian Third League was disbanded and the Amateur Football League moved back to fourth level of the Russian football pyramid. All the 1997 Russian Third League teams that were not promoted to the Second Division moved to the Amateur Football League (unless otherwise noted below). There were 5 zones with 88 teams starting the competition (6 were excluded before the end of the season).
FC Alania-d Vladikavkaz were excluded from the league after playing 35 games and gaining 43 points. Opponents were awarded a 3–0 win in the remaining games.
FC Iriston Vladikavkaz and FC Dynamo-Imamat Makhachkala were awarded 1 home win each.
FC Torpedo Georgiyevsk played their first professional season.
FC Anzhi-2 Kaspiysk renamed to FC Anzhi-d and moved to Makhachkala. They did not participate in national-level competitions in 1998.
FC Dynamo-d Stavropol, PFC Spartak-d Nalchik and FC Olimp Kislovodsk did not participate in national-level competitions in 1998.
FC Alania-d Vladikavkaz last played professionally in 1995 as FC Spartak-Alania-d Vladikavkaz.
FC Lokomotiv Yelets were excluded from the league after playing 15 games and gaining 34 points. Opponents were awarded a 3–0 win in the remaining games.
FC Energiya-d Kamyshin were excluded from the league after playing 15 games and gaining 9 points. Opponents were awarded a 3–0 win in the remaining games.
FC Fakel-d Voronezh was excluded from the league after playing 17 games and gaining 7 points. Opponents were awarded a 3–0 win in the remaining games.
FC Rassvet Troitskoye promoted from the Amateur Football League. They did not participate in the national-level competitions in 1998.
FC Spartak-Bratskiy Yuzhny, FC Niva Slavyansk-na-Kubani, FC Volgodonsk and FC Kuban-d Krasnodar did not participate in the national-level competitions in 1998.
FC Dynamo Mikhailovka renamed to FC Rotor-2.
FC Energiya-d Kamyshin last played professionally in 1992 as FC Tekstilshchik-d Kamyshin. They did not participate in the national-level competitions in 1998.
FC Fakel-d Voronezh played their first professional season. They did not participate in the national-level competitions in 1998.
FC Torpedo-ZIL Moscow played their first professional season.
FC Roda Moscow and FC Chertanovo Moscow did not participate in the national-level competitions in 1998.
FC Mashinostroitel Sergiyev Posad moved to Moscow and renamed to FC Sportakademklub.
FC Avangard-Kortek Kolomna renamed to FC Kolomna.
FC MEPhI Moscow promoted from the Amateur Football League, where it played in 1996 as FSh MEPhI. They did not participate in the national-level competitions in 1998.
FC Dynamo-2 Moscow did not participate in the national-level competitions in 1998 (FC Dynamo-d Moscow was renamed to FC Dynamo-2 in 1998).
FC Spartak Rybnoye were excluded from the league after playing 18 games and gaining 14 points. All their results were discarded. That was their first professional season. They did not participate in the national-level competitions in 1998.
FC Industriya Borovsk were excluded from the league after playing 19 games and gaining 20 points. Opponents were awarded 3-0 wins in the remaining games. They did not participate in the national-level competitions in 1998.
FC Khimik Dzerzhinsk awarded one home loss.
FC Torpedo-Viktoriya Nizhny Novgorod played their first professional season.
FC Lokomotiv Kaluga promoted from the Amateur Football League, where they played in 1996 as FC Smena-PRMZ Kaluga.
FC Metiznik Magnitogorsk, FC Elektron Vyatskiye Polyany, and FC KAMAZ-Chally-d Naberezhnye Chelny did not participate in the national-level competitions in 1998.