| Rank | BIB | Name | Year | Club | Time | |
|---|---|---|---|---|---|---|
| 1 | Guðni Páll Pálsson | 1987 | ÍR | 00:03:38 | ||
| 2 | Hlynur Ólason | 2001 | ÍR - Sportís | 00:03:39 | +00:01 | |
| 3 | Birkir Gunnlaugsson | 1995 | 00:03:46 | +00:08 | ||
| 4 | Aron Dagur Beck | 2001 | Fjölnir | 00:03:59 | +00:21 | |
| 5 | Þórólfur Þórsson | 1976 | ÍR - NIKE | 00:04:01 | +00:23 | |
| 6 | Sölvi Guðmundsson | 1988 | Breiðablik | 00:04:10 | +00:32 | |
| 7 | Erling Daði Emilsson | 1983 | 00:04:15 | +00:37 | ||
| 8 | Guðlaugur Ari Jónsson | 1994 | 00:04:21 | +00:43 | ||
| 9 | Jón Örlygsson | 1974 | Víkingur | 00:04:38 | +01:00 | |
| 10 | Hjalti Kolbeinsson | 1983 | CCP Running Club | 00:04:38 | +01:00 | |
| 11 | Elvar Gíslason | 2005 | 00:04:42 | +01:04 | ||
| 12 | Stefán Kári Smárason | 2003 | Breiðablik | 00:04:42 | +01:04 | |
| 13 | Helgi Heiðar Stefánsson | 1980 | 00:04:45 | +01:07 | ||
| 14 | Kristleifur Heiðar Helgason | 2007 | 00:04:50 | +01:12 | ||
| 15 | Gísli Gylfason | 1975 | 00:05:42 | +02:04 | ||
| 16 | Dadi Sverrisson | 1978 | 00:05:43 | +02:05 | ||
| 17 | Jóhann Kristinn Indriðason | 1982 | 00:05:45 | +02:07 | ||
| 18 | Karel Ákason | 1993 | 00:05:46 | +02:08 | ||
| 19 | Sigurður Ari Orrason | 2011 | ÍR | 00:05:47 | +02:09 | |
| 20 | Dagur Einar Maack | 2011 | ÍR | 00:05:47 | +02:09 | |
| 21 | Arnþór Reynisson | 1982 | 00:06:01 | +02:23 |