The 1981 season of 1. deild karla was the 27th season of second-tier football in Iceland.

League table

Top scorers ScorerGoalsTeam Ólí Þór Magnússon10Keflavík Olgeir Sigurðsson9Völsungur Ómar Björnsson9Reynir S. Steinar Jóhannsson9Keflavík Ómar Egilsson8Fylkir Ragnar Margeirsson8Keflavík References