The 1986 season of 1. deild karla was the 32nd season of second-tier football in Iceland.

League table

Top scorers ScorerGoalsTeam Tryggvi Gunnarsson28KA Andri Marteinsson17Víkingur R. Sigurður Hallvarðsson13Þróttur R. Jón Gunnar Bergs12Selfoss Sigfús Kárason12Þróttur R.

References