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The 2005 season of 1. deild karla was the 51st season of second-tier football in Iceland.

League table

Pos	Team	Pld	W	D	L	GF	GA	GD	Pts	Promotion or relegation
1	Breiðablik (C, P)	18	13	5	0	32	13	+19	44	Promoted to 2006 Úrvalsdeild
2	Víkingur R. (P)	18	10	7	1	41	9	+32	37	Promoted to 2006 Úrvalsdeild
3	KA	18	10	4	4	40	20	+20	34
4	Fjölnir	18	7	1	10	29	34	−5	22
5	Víkingur Ó.	18	6	4	8	15	30	−15	22
6	Þór A.	18	6	3	9	25	34	−9	21
7	HK	18	4	8	6	18	21	−3	20
8	Haukar	18	4	5	9	23	33	−10	17
9	Völsungur (R)	18	4	4	10	17	25	−8	16	Relegated to 2006 2. deild
10	KS (R)	18	2	7	9	14	35	−21	13	Relegated to 2006 2. deild

Source: rsssf.com
Rules for classification: 1) points; 2) goal difference; 3) number of goals scored.
(C) Champions; (P) Promoted; (R) Relegated