Template:Icelandic parliamentary election, 1987
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| Parties | Votes | % | Seats | +/- |
|---|---|---|---|---|
| Independence Party | 41,490 | 27.2 | 18 | -5 |
| Progressive Party | 28,902 | 18.9 | 13 | -1 |
| Social Democratic Party | 23,265 | 15.2 | 10 | +4 |
| People's Alliance | 20,387 | 13.3 | 8 | -2 |
| Citizens' Party | 16,588 | 10.9 | 7 | +7 |
| Women's List | 15,470 | 10.1 | 6 | +3 |
| Association for Equality and Social Justice | 1,893 | 1.2 | 1 | +1 |
| Social Democratic Alliance | 246 | 0.2 | 0 | 0 |
| Others | 4,481 | 2.9 | 0 | 0 |
| Total (Turnout 90.1%) | 152,722 | 100 | 63 | |
| Source:Election Resources on the Internet | ||||
