The 2006 season of Úrvalsdeild was the 95th season of league football in Iceland. FH defended their title making them the fifth club in Icelandic football history to win the championship three years running. ÍBV were relegated for the first time in 16 years and Grindavík suffered relegation for the first time in the club's history. An attendance record was set this season as 98,026 people saw the 90 matches, an average of 1,089.17 people per match.

This article does not cite any sources. (June 2019)

Each team played every opponent once home and away for a total of 18 matches.

The player who has scored the most goals at the end of each tournament receives the Icelandic Golden Boot.

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#	Nat	Player	Team	Goals	Penalties	Matches played
1		Marel Baldvinsson	Breiðablik	11	4	13
2		Björgólfur Hideaki Takefusa	KR	10	1	13
2		Jóhann Þórhallsson	Grindavík	10	1	17
4		Viktor Bjarki Arnarsson	Víkingur R.	8	2	17
4		Tryggvi Guðmundsson	FH	8	1	16
6		Stefán Örn Arnarson	Keflavík	6	0	13
6		Sævar Þór Gíslason	Fylkir	6	3	17
6		Guðmundur Steinarsson	Keflavík	6	1	16
6		Pálmi Rafn Pálmason	Valur	6	0	18
10		Grétar Ólafur Hjartarson	KR	5	0	16
10		Bjarni Guðjónsson	ÍA	5	1	16
10		Garðar Bergmann Gunnlaugsson	Valur	5	0	10
10		Christian Christiansen	Fylkir	5	0	15
10		Matthías Guðmundsson	Valur	5	0	16
10		Óskar Örn Hauksson	Grindavík	5	0	17
10		Páll Einarsson	Fylkir	5	0	17

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These two teams were promoted from 1. deild karla at the start of the season:

• Breiðablik
• Víkingur

These two teams will be promoted from 1. deild karla at the start of next season:

• Handknattleiksfélag Kópavogs (HK)
• Fram

These two teams were relegated to 1. deild karla at the end of the season:

• ÍBV
• Grindavík