The 2006 Armenian First League season started on 1 May 2006. The last matches were played on 24 October 2006. Pyunik-2 became the league champions, but because they are a reserve team they were unable to promote to the Armenian Premier League. As a result, the second placed team Lernayin Artsakh was given promotion. Due to Banants-2 and Ararat-2 finishing in third and fourth position, the fifth placed team FC Dinamo Yerevan played in the promotion/relegation play-off, which was lost in the end.