| Rank | BIB | Name | Year | Club | Time | |
|---|---|---|---|---|---|---|
| 1 | Birkir Gunnlaugsson | 1995 | 00:02:37 | |||
| 2 | Hlynur Ólason | 2001 | ÍR - Sportís | 00:02:38 | +00:01 | |
| 3 | Þórólfur Þórsson | 1976 | ÍR - NIKE | 00:02:57 | +00:20 | |
| 4 | Guðlaugur Ari Jónsson | 1994 | 00:03:11 | +00:34 | ||
| 5 | Sigurður Karlsson | 1990 | 00:03:13 | +00:36 | ||
| 6 | Arnar Gunnarsson | 1991 | Fimbul.is | 00:03:14 | +00:37 | |
| 7 | Jón Örlygsson | 1974 | Víkingur | 00:03:21 | +00:44 | |
| 8 | Benedikt Jónsson | 1991 | 00:03:24 | +00:47 | ||
| 9 | Stefán Kári Smárason | 2003 | Breiðablik | 00:03:28 | +00:51 | |
| 10 | Kristleifur Heiðar Helgason | 2007 | 00:03:32 | +00:55 | ||
| 11 | Hjalti Kolbeinsson | 1983 | CCP Running Club | 00:03:38 | +01:01 | |
| 12 | Kristinn Snær Smárason | 2008 | 00:03:49 | +01:12 | ||
| 13 | Gylfi Þór Ólafsson | 2007 | 00:04:19 | +01:42 | ||
| 14 | Þröstur Magnússon | 2007 | 00:04:19 | +01:42 | ||
| 15 | Ólafur Stefán Ólafsson | 2010 | 00:04:52 | +02:15 | ||
| 16 | Valdimar Stefán Hólmsteinsson | 1958 | 00:07:36 | +04:59 | ||
| 17 | Hólmsteinn Þór Valdimarsson | 1986 | 00:07:36 | +04:59 |