The 1964–65 SM-sarja season was the 34th season of the SM-sarja, the top level of ice hockey in Finland. 10 teams participated in the league, and Karhut Pori won the championship.
| Club | GP | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 18 | 10 | 4 | 4 | 71:44 | 24 | ||
| 2. | 18 | 10 | 4 | 4 | 70:44 | 24 | ||
| 3. | 18 | 10 | 0 | 8 | 64:43 | 20 | ||
| 4. | 18 | 9 | 2 | 7 | 51:63 | 20 | ||
| 5. | 18 | 9 | 1 | 8 | 79:61 | 19 | ||
| 6. | 18 | 8 | 2 | 8 | 43:52 | 18 | ||
| 7. | 18 | 7 | 3 | 8 | 61:61 | 17 | ||
| 8. | 18 | 6 | 4 | 8 | 65:72 | 16 | ||
| 9. | 18 | 6 | 1 | 11 | 52:98 | 13 | ||
| 10. | 18 | 4 | 1 | 13 | 49:67 | 9 |