The 1958 World Series was a rematch of the 1957 Series, with the New York Yankees beating the defending champion Milwaukee Braves in seven games for their 18th title, and their seventh in 10 years. With that victory, the Yankees became only the second team in Major League Baseball history to come back from a 3–1 deficit to win a best-of-seven World Series; the first was the 1925 Pittsburgh Pirates. (The 1903 Boston Red Sox came back from a 3–1 deficit in a best-of-nine affair.) Both teams would meet again in the fall classic thirty-eight years later—by that time, the Braves had moved to Atlanta. As of 2016, this is the most recent World Series featuring the two previous Series winning teams.

This was the first year New Yorkers had only one local team to root for; both the Giants and the Dodgers were now playing their home games more than 3,000 miles (4,800 km) away (in San Francisco and Los Angeles respectively). Both returnees to the Series had no problems repeating as league champions during the regular season. Milwaukee coasted to an eight-game lead over the Pittsburgh Pirates in the National League and the Yanks bested the Chicago White Sox by ten games in the American. With no pennant race in either league, managers Casey Stengel of the Yankees and Fred Haney of the Braves could rest their aces in preparation for an exciting repeat of the 1957 World Series. Both teams would meet again in the 1996 World Series—by that time, the Braves had moved to Atlanta.

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