The 1987–88 Norwegian 1. Divisjon season was the 49th season of ice hockey in Norway. Ten teams participated in the league, and Valerenga Ishockey won the championship.
| Club | GP | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 36 | 30 | 1 | 5 | 223:122 | 61 | ||
| 2. | 36 | 23 | 2 | 11 | 177:124 | 48 | ||
| 3. | 36 | 23 | 0 | 13 | 200:129 | 46 | ||
| 4. | 36 | 20 | 2 | 14 | 174:134 | 42 | ||
| 5. | 36 | 20 | 1 | 15 | 156:122 | 41 | ||
| 6. | 36 | 18 | 0 | 18 | 177:181 | 36 | ||
| 7. | 36 | 14 | 2 | 20 | 165:189 | 30 | ||
| 8. | 36 | 13 | 1 | 22 | 150:199 | 27 | ||
| 9. | 36 | 11 | 2 | 23 | 137:184 | 24 | ||
| 10. | 36 | 2 | 1 | 33 | 105:280 | 5 |