| Competition: | Úrvalsdeild |
| Season: | 2006 |
| Dates: | 14 May – 23 September 2006 |
| Winners: | FH |
| Relegated: | ÍBV |
| Continentalcup1: | Champions League |
| Continentalcup1 Qualifiers: | FH |
| Continentalcup2: | UEFA Cup |
| Continentalcup3: | Intertoto Cup |
| Continentalcup3 Qualifiers: | Valur |
| League Topscorer: | Marel Baldvinsson (11) |
| Matches: | 90 |
| Total Goals: | 250 |
| Prevseason: | 2005 |
| Nextseason: | 2007 |
The 2006 season of Úrvalsdeild was the 95th season of league football in Iceland. FH defended their title making them the fifth club in Icelandic football history to win the championship three years running. ÍBV were relegated for the first time in 16 years and Grindavík suffered relegation for the first time in the club's history. An attendance record was set this season as 98,026 people saw the 90 matches, an average of 1,089.17 people per match.
Each team played every opponent once home and away for a total of 18 matches.
The player who has scored the most goals at the end of each tournament receives the Icelandic Golden Boot.
| Rank | Player | Club | Goals |
|---|---|---|---|
| 1 |  Marel Baldvinsson | Breiðablik | 11 |
| 2 | Björgólfur Hideaki Takefusa | 10 | |
| Jóhann Þórhallsson | Grindavík | ||
| 4 | Viktor Bjarki Arnarsson | Víkingur R. | 8 |
| Tryggvi Guðmundsson | FH | ||
| 6 | Stefán Örn Arnarson | Keflavík | 6 |
| Sævar Þór Gíslason | Fylkir | ||
| Guðmundur Steinarsson | Keflavík | ||
| Pálmi Rafn Pálmason | Valur | ||
These two teams were promoted from 1. deild karla at the start of the season:
These two teams will be promoted from 1. deild karla at the start of next season:
These two teams were relegated to 1. deild karla at the end of the season: