The 1996–1997 Úrvalsdeild kvenna was the 40th season of the top-tier women's basketball league in Iceland. The season started on 5 October 1996 and ended on 27 March 1997. Grindavík won its 1st title after sweeping defending champions Keflavík 2–0 in the semi-finals and KR 3–0 in the Finals.