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The 1994–95 Meistriliiga was the fourth season of the Meistriliiga, Estonia's premier football league. Flora won their second title.

Preliminary round

Pos	Team	Pld	W	D	L	GF	GA	GD	Pts	Qualification
1	Flora	14	10	4	0	32	4	+28	34	Qualification for Championship Tournament
2	Lantana-Marlekor	14	10	3	1	44	7	+37	33
3	Narva Trans	14	7	5	2	23	9	+14	26
4	Tallinna Sadam	14	7	4	3	29	11	+18	25
5	Eesti Põlevkivi Jõhvi	14	5	3	6	25	16	+9	18
6	Norma	14	3	1	10	9	51	−42	10
7	PJK Kalev	14	2	1	11	12	35	−23	7	Qualification for Meistriliiga Transition Tournament
8	DAG	14	1	1	12	6	47	−41	4	Qualification for Meistriliiga Transition Tournament

Source: ^{[citation needed]}

Home \ Away	FLO	NOR	LAN	TRS	SAD	JEP	DAG	PJK
Flora		12–0	0–0	2–1	2–2	0–0	2–0	3–0
Norma	0–3		0–3	0–3	2–2	0–4	2–0	1–2
Lantana-Marlekor	0–2	10–0		0–0	1–0	4–1	11–0	5–1
Narva Trans	1–1	1–0	0–1		0–0	2–0	+:-	6–1
Tallinna Sadam	0–2	6–0	1–1	0–1		2–0	3–0	3–1
Eesti Põlevkivi Jõhvi	0–1	4–0	0–1	2–2	1–2		3–0	1–1
DAG	0–2	1–2	1–5	2–2	0–5	0–6		2–0
PJK Kalev	-:+	0–2	1–2	0–4	0–3	1–3	4–0

Source: ^{[citation needed]}
Legend: Blue = home team win; Yellow = draw; Red = away team win.

The points obtained during the preliminary round were carried over halved and rounded up.

Pos	Team	Pld	W	D	L	GF	GA	GD	BP	Pts	Qualification or relegation
1	Flora (C)	10	7	3	0	27	6	+21	17	41	Qualification for UEFA Cup preliminary round
2	Lantana-Marlekor	10	7	2	1	26	9	+17	17	40	Qualification for Cup Winners' Cup qualifying round
3	Narva Trans	10	4	1	5	9	15	−6	13	26
4	Tallinna Sadam	10	4	0	6	11	14	−3	13	25
5	Eesti Põlevkivi Jõhvi	10	4	0	6	17	24	−7	9	21
6	Norma (R)	10	1	0	9	6	28	−22	5	8	Qualification for relegation play-offs^[a]

Source: ^{[citation needed]}
(C) Champions; (R) Relegated
Notes:

^ By the decision of FIFA, the Estonian FA was forced to take FC Tevalte Tallinn (disqualified one round before the end of the 1993/94 season because of match-fixing without proof) back to the Estonian FA and give the club a place in the Meistriliiga 1995-96 season. Therefore extra Relegation play-off was arranged between the sixth team of the final round and the second team of the Premier Division Promotion Tournament.

Home \ Away	FLO	LAN	TRS	SAD	JEP	NOR
Flora		1–1	3–0	2–0	6–0	4–2
Lantana-Marlekor	1–1		1–4	2–1	4–1	4–0
Narva Trans	1–1	0–3		0–1	2–1	0–1
Tallinna Sadam	0–3	0–5	0–1		4–0	2–0
Eesti Põlevkivi Jõhvi	0–3	1–3	4–0	1–0		4–1
Norma	1–3	0–2	0–1	0–3	1–5

Source: ^{[citation needed]}
Legend: Blue = home team win; Yellow = draw; Red = away team win.

Pos	Team	Pld	W	D	L	GF	GA	GD	Pts	Qualification or relegation
1	Tervis (P)	10	7	1	2	32	8	+24	22	Promotion to Meistriliiga & Qualification for UEFA Intertoto Cup group stage
2	PJK Kalev	10	6	0	4	35	24	+11	18	Qualification for relegation play-offs
3	TJK	10	6	0	4	20	20	0	18	Relegation to Esiliiga
4	Dünamo	10	4	3	3	43	16	+27	15
5	Lelle	10	3	1	6	8	44	−36	10
6	DAG (R)	10	0	3	7	8	34	−26	3

Source: ^{[citation needed]}
(P) Promoted; (R) Relegated

1995

Norma	2–3	PJK Kalev

1995

PJK Kalev	0–0	Norma

PJK Kalev won 3–2 on aggregate and retained their Meistriliiga spot for the 1995–96 season. Norma were relegated to the 1995-96 Esiliiga.

Rank	Player	Club	Goals^[1]
1	Serhiy Morozov	Lantana/Marlekor	25
2	Ričardas Zdančius	Flora	12
3	Sergei Afanasyev	Eesti Põlevkivi	11
4	Maksim Gruznov	Lantana/Marlekor	9
	Toomas Krõm	Flora
	Dmitri Ustritski	Tallinna Sadam
7	Juri Braiko	Eesti Põlevkivi	8
	Andrei Krõlov	Tallinna Sadam
	Martin Reim	Flora