| Rank | Artist | Recording | Label |
| 1 | SHINS | Port Of Morrow | Columbia |
| 2 | ANDREW BIRD | Break It Yourself | Mom And Pop |
| 3 | BEAR IN HEAVEN | I Love You, It’s Cool | Hometapes-Dead Oceans |
| 4 | THE MEN | Open Your Heart | Sacred Bones |
| 5 | TENNIS | Young And Old | Fat Possum |
| 6 | DELTA SPIRIT | Delta Spirit | Rounder |
| 7 | HUNX | Hairdresser Blues | Hardly Art |
| 8 | GRIMES | Visions | 4AD |
| 9 | SLEIGH BELLS | Reign Of Terror | Mom And Pop |
| 10 | TANLINES | Mixed Emotions | True Panther |
| 11 | WHITE RABBITS | Milk Famous | TBD |
| 12 | MAGNETIC FIELDS | Love At The Bottom Of The Sea | Merge |
| 13 | CHOIR OF YOUNG BELIEVERS | Rhine Gold | Ghostly |
| 14 | OBERHOFER | Time Capsules II | Glassnote |
| 15 | SHARON VAN ETTEN | Tramp | Jagjaguwar |
| 16 | DR. DOG | Be The Void | Anti |
| 17 | FRANKIE ROSE | Interstellar | Slumberland |
| 18 | TRUST | TRST | Arts And Crafts |
| 19 | LA SERA | Sees The Light | Hardly Art |
| 20 | YUKON BLONDE | Tiger Talk | dine alone |
| 21 | MEMORYHOUSE | The Slideshow Effect | Sub Pop |
| 22 | LITTLE BARRIE | King Of The Waves | Tummy Touch |
| 23 | YELLOW OSTRICH | Strange Land | Barsuk |
| 24 | THEESATISFACTION | AwE NaturalE | Sub Pop |
| 25 | SAID THE WHALE | Little Mountain | Hidden Pony |
| 26 | SARAH JAFFE | The Body Wins | Kirtland |
| 27 | BLACK KEYS | El Camino | Nonesuch |
| 28 | FANFARLO | Rooms Filled With Light | Canvasback |
| 29 | BRETON | Other People’s Problems | FatCat |
| 30 | XIU XIU | Always | Polyvinyl |
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Osprey Radio Top 30
April 18, 2012
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