| Country: | Åland |
| Previous Election: | 1983 |
| Next Election: | 1991 |
| Election Date: | 18 October 1987 |
| Seats For Election: | All 30 seats in the Parliament of Åland |
| Majority Seats: | 16 |
| Turnout: | 64.34% (0.07 pp) |
| Party1: | Åland Centre |
| Leader1: | Folke Woivalin |
| Last Election1: | 11 |
| Percentage1: | 28.73 |
| Seats1: | 9 |
| Party2: | Liberals for Åland |
| Leader2: | Sune Eriksson |
| Last Election2: | 9 |
| Percentage2: | 23.73 |
| Seats2: | 8 |
| Party3: | Freeminded Co-operation |
| Last Election3: | 5 |
| Percentage3: | 17.25 |
| Seats3: | 5 |
| Party4: | Åland Social Democrats |
| Last Election4: | 5 |
| Percentage4: | 13.97 |
| Seats4: | 4 |
| Party5: | Non-aligned Coalition |
| Last Election5: | new |
| Percentage5: | 7.04 |
| Seats5: | 2 |
| Party6: | Greens on Åland |
| Leader6: | Rauli Lehtinen |
| Last Election6: | new |
| Percentage6: | 6.65 |
| Seats6: | 2 |
| Lantråd | |
| Before Election: | Folke Woivalin |
| Before Party: | Åland Centre |
| After Election: | Sune Eriksson |
| After Party: | Liberals for Åland |
Legislative elections were held in Åland on 18 October 1987 to elect members of the Landstinget. The 30 members were elected for a four-year term by proportional representation.
Three new parties participated in the elections; the conservative Non-aligned Coalition, the separatist Free Åland and the environmentalist Greens on Åland. After the next election in 1991, only the Non-Aligned Rally would still be active.
Following the elections, a change in the constitution provided for the establishment of a majority government.[1] As a result, the Åland Centre, Liberals for Åland and Freeminded Co-operation parties formed a coalition government.[1]