| Rank | Artist | Recording | Label |
| 1 | BLACK KEYS | El Camino | Nonesuch |
| 2 | REAL ESTATE | Days | Domino |
| 3 | LOS CAMPESINOS! | Hello Sadness | Arts And Crafts |
| 4 | THEE OH SEES | Carrion Crawler/The Dream [EP] | In The Red |
| 5 | M83 | Hurry Up, We’re Dreaming | Mute |
| 6 | ATLAS SOUND | Parallax | 4AD |
| 7 | DAVID LYNCH | Crazy Clown Time | Sunday Best-Pias |
| 8 | TY SEGALL | Singles 2007-2010 | Goner |
| 9 | GUIDED BY VOICES | Let’s Go Eat The Factory | GBV |
| 10 | PHANTOGRAM | Nightlife | Barsuk |
| 11 | ENVY CORPS | It Culls You | Tempo Club |
| 12 | PORCELAIN RAFT | Strange Weekend | Secretly Canadian |
| 13 | TOM WAITS | Bad As Me | Anti |
| 14 | PAPER SCISSORS | In Loving Memory | Source |
| 15 | DEER TICK | Divine Providence | Partisan |
| 16 | KABBS | The Kabbs | Self-Released |
| 17 | SUMMER CAMP | Welcome To Condale | Moshi Moshi |
| 18 | WILCO | The Whole Love | Anti |
| 19 | ROBERT SCHWARTZMAN | Double Capricorn | Robert Schwartzman |
| 20 | DARKNESS FALLS | Alive In Us | HFN |
| 21 | PTERODACTYL | Spills Out | Brah |
| 22 | GOTYE | Making Mirrors | Universal Republic |
| 23 | DUKE SPIRIT | Bruiser | Shangri-La |
| 24 | CLOUD NOTHINGS | Attack On Memory | Carpark |
| 25 | GOSPEL MUSIC | How To Get To Heaven From Jacksonville, FL | Kill Rock Stars |
| 26 | LAURA GIBSON | La Grande | Barsuk |
| 27 | FEIST | Metals | Interscope |
| 28 | TYCHO | Dive | Ghostly |
| 29 | THE DO | Both Ways Open Jaws | Six Degrees |
| 30 | KATHLEEN EDWARDS | Voyageur | Rounder |
Osprey Radio Top 30
January 24, 2012
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