Top scorers
| Scorer | Goals | Team |
|---|---|---|
 Róbert Arnþórsson | 16 | Leiknir R. |
| Steindór Elísson | 13 | Leiknir R. |
| Bjarni Sveinbjörnsson | 11 | Dalvík |
| Sævar Þór Gíslason | 11 | Selfoss |
| Guðmundur Gunnarsson | 9 | Ægir |
The 1995 season of 2. deild karla was the 30th season of third-tier football in Iceland.
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Promotion or relegation |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Völsungur (C, P) | 18 | 12 | 5 | 1 | 37 | 14 | +23 | 41 | Promoted to 1996 1. deild karla |
| 2 | Leiknir R. (P) | 18 | 12 | 2 | 4 | 49 | 24 | +25 | 38 | |
| 3 | Þróttur N. | 18 | 11 | 0 | 7 | 35 | 52 | −17 | 33 | |
| 4 | Selfoss | 18 | 9 | 1 | 8 | 38 | 41 | −3 | 28 | |
| 5 | Dalvík | 18 | 6 | 9 | 3 | 32 | 22 | +10 | 27 | |
| 6 | Fjölnir | 18 | 7 | 3 | 8 | 34 | 28 | +6 | 24 | |
| 7 | Ægir | 18 | 7 | 2 | 9 | 30 | 35 | −5 | 23 | |
| 8 | Höttur | 18 | 5 | 2 | 11 | 21 | 32 | −11 | 17 | |
| 9 | Haukar | 18 | 4 | 1 | 13 | 23 | 59 | −36 | 13 | Relegated to 1996 3. deild karla |
| 10 | BÍ (R) | 18 | 3 | 3 | 12 | 25 | 47 | −22 | 12 |
| Scorer | Goals | Team |
|---|---|---|
| Róbert Arnþórsson | 16 | Leiknir R. |
| Steindór Elísson | 13 | Leiknir R. |
| Bjarni Sveinbjörnsson | 11 | Dalvík |
| Sævar Þór Gíslason | 11 | Selfoss |
| Guðmundur Gunnarsson | 9 | Ægir |
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