The season started on October 5, 2017 and ended on April 28, 2018.

KR won its fifth title in a row by defeating Tindastóll 3–1 in the Finals.

The participating teams first played a conventional round-robin schedule with every team playing each opponent once home and once away for a total of 22 games.

[1] The playoffs are played between the eight first qualified teams with a 1-1-1-1-1 format, playing seeded teams games 1, 3 and 5 at home.

Source: KKÍ Icelandic teams returned to European competitions nine years after their last participation.