| Country: | Iceland |
| Previous Election: | 1991 |
| Next Election: | 1999 |
| Seats For Election: | All 63 seats in the Althing |
| Turnout: | 87.38% |
| Leader1: | Davíð Oddsson |
| Party1: | Independence Party (Iceland) |
| Last Election1: | 26 |
| Seats1: | 25 |
| Percentage1: | 37.07 |
| Leader2: | Halldór Ásgrímsson |
| Party2: | Progressive Party (Iceland) |
| Last Election2: | 13 |
| Seats2: | 15 |
| Percentage2: | 23.32 |
| Leader3: | Ólafur Ragnar Grímsson |
| Party3: | People's Alliance (Iceland) |
| Last Election3: | 9 |
| Seats3: | 9 |
| Percentage3: | 14.30 |
| Party4: | Social Democratic Party (Iceland) |
| Last Election4: | 10 |
| Seats4: | 7 |
| Percentage4: | 11.42 |
| Leader5: | Jóhanna Sigurðardóttir |
| Party5: | National Awakening |
| Last Election5: | new |
| Seats5: | 4 |
| Percentage5: | 7.15 |
| Party6: | Women's List |
| Last Election6: | 5 |
| Seats6: | 3 |
| Percentage6: | 4.87 |
| Prime Minister | |
| Posttitle: | Prime Minister after election |
| Before Election: | Davíð Oddsson |
| Before Party: | Independence Party (Iceland) |
| After Election: | Davíð Oddsson |
| After Party: | Independence Party (Iceland) |
Parliamentary elections were held in Iceland on 8 April 1995.[1] They were the first elections after the Althing became a unicameral parliament in 1991.[2] The Independence Party remained the largest party, winning 25 of the 63 seats.[2] The coalition government of the Independence Party and Progressive Party remained in office, with Davíð Oddsson continuing as Prime Minister.
Compared to prior elections where eight seats were to be allocated to the constituencies before the election in order to reflect population and one seat could be allocated after the election, all seats were allocated before the election to constituencies.[3]