| Rank | Artist | Title |
| 1 | Wilco | Sky Blue Sky |
| 2 | Radiohead | In Rainbows |
| 3 | Bruce Springsteen | Magic |
| 4 | Spoon | Ga Ga Ga Ga Ga |
| 5 | Arcade Fire | Neon Bible |
| 6 | Amy Winehouse | Back to Black |
| 7 | Robert Plant and Alison Krauss | Raising Sand |
| 8 | The Shins | Wincing the Night Away |
| 9 | Josh Ritter | The Historical Conquests of Josh Ritter |
| 10 | Feist | The Reminder |
| 11 | Ryan Adams | Easy Tiger |
| 12 | Lily Allen | Alright, Still |
| 13 | The White Stripes | Icky Thump |
| 14 | Brandi Carlile | The Story |
| 15 | Patti Griffin | Children Running Through |
| 16 | Modest Mouse | We Were Dead Before the Ship Even Sank |
| 17 | The National | Boxer |
| 18 | Iron and Wine | The Sheperd's Dog |
| 19 | Grace Potter & The Nocturnals | This Is Somewhere |
| 20 | Bright Eyes | Cassadaga |
| 21 | LCD Soundsystem | Sound of Silver |
| 22 | The Fratellis | Costello Music |
| 23 | Steve Earle | Washington Square Serenade |
| 24 | Fountains of Wayne | Traffic and Weather |
| 25 | Rilo Kiley | Under the Blacklight |
| 26 | Sea Wolf | Leaves in the River |
| 27 | Andrew Bird | Armchair Apocrypha |
| 28 | Neil Young | Chrome Dreams II |
| 29 | Paul McCartney | Memory Almost Full |
| 30 | Kings of Leon | Because of the Times |
| 31 | Dr. Dog | We All Belong |
| 32 | Tegan and Sara | The Con |
| 33 | New Pornographers | Challengers |
| 34 | Mark Ronson | Version |
| 35 | Peter Bjorn & John | Writer's Block |
| 36 | Glen Hansard & Marketa Irglova | Once Soundtrack |
| 37 | Lucinda Williams | West |
| 38 | Cat Empire | Two Shoes |
| 39 | Band of Horses | Cease to Begin |
| 40 | John Butler Trio | Grand National |
| 41 | KT Tunstall | Drastic Fantastic |
| 42 | Okkervil River | The Stage Names |
| 43 | Hoots & Hellmouth | Hoots & Hellmouth |
| 44 | Joni Mitchell | Shine |
| 45 | Ben Harper | Lifeline |
| 46 | Richard Thompson | Sweet Warrior |
| 47 | Teddy Thompson | Up Front and Down Low |
| 48 | John Fogerty | Revival |
| 49 | The Good, The Bad & The Queen | The Good, The Bad & The Queen |
| 50 | Suzanne Vega | Beauty & Crime |
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XPN Year In Review
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