The 1982–83 Úrvalsdeild karla was the 32nd season of the Úrvalsdeild karla, the top tier men's basketball league on Iceland.

The season started on 1 October 1982 and ended on 21 March 1983.

Valur won its second title by posting the best record in the league with a win against Keflavík in the last day of the season.

[1][2] The participating teams first played a conventional round-robin schedule with every team playing each opponent twice "home" and twice "away" for a total of 20 games.

The top team won the national championship whilst the bottom team was relegated to Division I.