| Season: | 1986 |
| Nextseason: | 1987 |
Statistics of the Úrvalsdeild league for the 1986 season are as follows:
It was contested by 10 teams, and Fram won the championship. Fram's Guðmundur Torfason was the top scorer with 19 goals
Each team played every opponent once home and away for a total of 18 matches.