| Competition: | Úrvalsdeild |
| Season: | 2004 |
| Dates: | 15 May – 19 September 2004 |
| Winners: | FH |
| Relegated: | Víkingur KA |
| Continentalcup1: | Champions League |
| Continentalcup1 Qualifiers: | FH |
| Continentalcup2: | UEFA Cup |
| Continentalcup3: | Intertoto Cup |
| Continentalcup3 Qualifiers: | ÍA |
| League Topscorer: | Gunnar Heiðar Þorvaldsson (12) |
| Matches: | 90 |
| Total Goals: | 249 |
| Prevseason: | 2003 |
| Nextseason: | 2005 |
The 2004 season of Úrvalsdeild was the 93rd season of league football in Iceland. FH won their first title. KA and recently promoted Víkingur were relegated.
Each team played every opponent once home and away for a total of 18 matches.
| Rank | Player | Club | Goals |
|---|---|---|---|
| 1 |  Gunnar Heiðar Þorvaldsson | ÍBV | 12 |
| 2 | Grétar Ólafur Hjartarson | Grindavík | 11 |
| 3 | Þórarinn Brynjar Kristjánsson | Keflavík | 10 |
| 4 | Allan Borgvardt | FH | 8 |
| 5 | Björgólfur Takefusa | Fylkir | 7 |
| Ríkharður Daðason | Fram | ||
| Arnar Gunnlaugsson | KR |