The 23-year-old's previous contract at Gresty Road was due to expire at the end of the season.
Davis made his first-team debut in 2010 after coming through the club's youth system.
Crewe are currently in 20th place in the League One table, two points above the relegation zone.
They return to league action on Saturday with the visit of MK Dons.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Port Vale | 14 | 9 | 3 | 2 | 23 | 15 | 8 | 30 |
| 2 | Walsall | 13 | 8 | 2 | 3 | 26 | 14 | 12 | 26 |
| 3 | Notts County | 14 | 7 | 5 | 2 | 22 | 12 | 10 | 26 |
| 4 | Doncaster RoversDoncaster | 14 | 8 | 2 | 4 | 20 | 16 | 4 | 26 |
| 5 | Crewe AlexandraCrewe | 13 | 7 | 3 | 3 | 16 | 12 | 4 | 24 |
| 6 | Chesterfield | 14 | 5 | 7 | 2 | 28 | 15 | 13 | 22 |
| 7 | Bradford CityBradford | 14 | 6 | 4 | 4 | 20 | 15 | 5 | 22 |
| 8 | MK Dons | 14 | 6 | 3 | 5 | 21 | 16 | 5 | 21 |
| 9 | BarrowBarrow | 14 | 6 | 3 | 5 | 15 | 11 | 4 | 21 |
| 10 | Grimsby Town | 14 | 7 | 0 | 7 | 18 | 25 | -7 | 21 |
| 11 | Gillingham | 14 | 6 | 2 | 6 | 15 | 12 | 3 | 20 |
| 12 | Salford City | 14 | 5 | 5 | 4 | 14 | 16 | -2 | 20 |
| 13 | AFC Wimbledon | 11 | 6 | 1 | 4 | 18 | 9 | 9 | 19 |
| 14 | Newport CountyNewport | 14 | 6 | 1 | 7 | 18 | 24 | -6 | 19 |
| 15 | Fleetwood TownFleetwood | 13 | 4 | 6 | 3 | 19 | 15 | 4 | 18 |
| 16 | Cheltenham TownCheltenham | 14 | 5 | 2 | 7 | 18 | 21 | -3 | 17 |
| 17 | Harrogate TownHarrogate | 14 | 4 | 3 | 7 | 11 | 19 | -8 | 15 |
| 18 | Bromley | 13 | 3 | 5 | 5 | 15 | 17 | -2 | 14 |
| 19 | Tranmere RoversTranmere | 13 | 3 | 5 | 5 | 8 | 16 | -8 | 14 |
| 20 | Accrington StanleyAccrington | 13 | 3 | 4 | 6 | 15 | 22 | -7 | 13 |
| 21 | Colchester UnitedColchester | 13 | 2 | 6 | 5 | 16 | 20 | -4 | 12 |
| 22 | Swindon TownSwindon | 14 | 2 | 6 | 6 | 15 | 20 | -5 | 12 |
| 23 | Carlisle UnitedCarlisle | 14 | 2 | 2 | 10 | 12 | 28 | -16 | 8 |
| 24 | Morecambe | 14 | 1 | 4 | 9 | 12 | 25 | -13 | 7 |
| > League Two Full Table | |||||||||
