Top scorers
| Scorer | Goals | Team |
|---|---|---|
 Pálmi Jónsson | 16 | FH |
| Sigurður Hallvarðsson | 15 | Þróttur R. |
| Heimir Karlsson | 11 | Víðir |
| Eyjólfur Sverrisson | 10 | Tindastóll |
| Jón Þórir Jónsson | 10 | Breiðablik |
The 1988 season of 1. deild karla was the 34th season of second-tier football in Iceland. [1]
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Promotion or relegation |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | FH (C, P) | 18 | 14 | 2 | 2 | 47 | 20 | +27 | 44 | Promoted to 1989 Úrvalsdeild |
| 2 | Fylkir (P) | 18 | 9 | 6 | 3 | 39 | 30 | +9 | 33 | |
| 3 | Víðir | 18 | 8 | 3 | 7 | 38 | 31 | +7 | 27 | |
| 4 | ÍR | 18 | 8 | 2 | 8 | 31 | 35 | −4 | 26 | |
| 5 | Selfoss | 18 | 7 | 4 | 7 | 27 | 26 | +1 | 25 | |
| 6 | Tindastóll | 18 | 7 | 2 | 9 | 27 | 31 | −4 | 23 | |
| 7 | Breiðablik | 18 | 6 | 5 | 7 | 27 | 33 | −6 | 23 | |
| 8 | ÍBV | 18 | 6 | 2 | 10 | 29 | 36 | −7 | 20 | |
| 9 | KS (R) | 18 | 5 | 4 | 9 | 38 | 46 | −8 | 19 | Relegated to 1989 2. deild |
| 10 | Þróttur R. (R) | 18 | 2 | 6 | 10 | 27 | 42 | −15 | 12 |
| Scorer | Goals | Team |
|---|---|---|
| Pálmi Jónsson | 16 | FH |
| Sigurður Hallvarðsson | 15 | Þróttur R. |
| Heimir Karlsson | 11 | Víðir |
| Eyjólfur Sverrisson | 10 | Tindastóll |
| Jón Þórir Jónsson | 10 | Breiðablik |
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