The 2014–15 First League of the Republika Srpska was the twentieth season of the First League of the Republika Srpska, the second tier football league of Bosnia and Herzegovina, since its original establishment and the thirteenth as a second tier league. It will begin on 18 August 2014 and end on 6 June 2015; a winter break where no matches are played will be in effect between 8 November 2014 and 13 March 2015. FK Drina Zvornik were the last champions, having won their one championship title in the 2013–14 season and earning a promotion to Premier League of Bosnia and Herzegovina.
Fourteen clubs are participating in this session, ten returning from the previous session, one relegated from Premier League of Bosnia and Herzegovina, two promoted from two regional Second League of the Republika Srpska.