| Country: | Kingdom of Iceland |
| Previous Election: | 1914 |
| Election Date: | 5 August 1916 |
| Next Election: | October 1916 |
| Seats For Election: | 6 of the 14 seats in the Upper House of Althing |
| Turnout: | 24.28% |
| First Election: | yes |
| Leader1: | Jón Magnússon |
| Party1: | Home Rule Party (Iceland) |
| Seats1: | 3 |
| Percentage1: | 33.45 |
| Leader2: | Einar Arnórsson |
| Party2: | Independence – Þversum |
| Seats2: | 2 |
| Percentage2: | 22.94 |
| Party3: | Independent Farmers |
| Seats3: | 1 |
| Percentage3: | 22.13 |
| Minister for Iceland | |
| Posttitle: | Prime Minister after August and October elections |
| Before Election: | Einar Arnórsson |
| Before Party: | Independence - Þversum |
| After Party: | Home Rule Party (Iceland) |
Parliamentary elections were held in Iceland on 5 August 1916,[1] the first elections held after women's suffrage was introduced. Following reforms to the Althing the previous year, the six seats in the Upper House appointed by the monarch were abolished, and replaced with six elected seats. The seats were elected by proportional representation at the national level, using the D'Hondt method.[2] The remaining eight seats were elected along with the Lower House in October.