1980–81 Úrvalsdeild kvenna (basketball)

The 1980–81 Icelandic women's national basketball tournament was the 24th season of the women's tournament in Iceland. The season started on 2 November 1980 and ended on 22 February 1981. KR won its third title in a row and fourth overall by finishing with the best record in the league. Linda Jónsdóttir finished as the top scorer with 192 points.

Competition format
The participating teams played each opponent four times for a total of eight games. The team with the best record was crowned national champions.