During the 1920s, as other neighbouring clubs mostly played friendlies, FK Berane participated in official competitions of Montenegro.

First significant success after World War II, the team made on season 1948–59, with their first-ever performance in Montenegrin Republic League.

The most significant success in the decade came in 1955, when the team gained promotion to the Yugoslav Second League, where they spent only a single season.

In the beginning of the sixties, the club was presented as FK Ivangrad, but they didn't achieve any significant results until the start of the 1980s.

Their home game against FK Zeta, who was their biggest rival during the season, was attended by 10,000 spectators, which was the all-time record of the Montenegrin Republic League.

The best result in the Montenegrin Cup came at edition 2007–08, when they played against FK Budućnost, but didn't succeed to reach the final game (0–0, 0–4).

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Last renovation was completed in 2018, when the stadium got the modern stand with seats, roofs, dressing rooms and offices under UEFA standards.