The 1986–87 Cypriot Fourth Division was the second season of the Cypriot fourth-level football league. The championship was split into three geographical groups, representing the Districts of Cyprus. The winners were:
- Nicosia-Keryneia Group: Libanos Kormakiti
- Larnaca-Famagusta Group: Achyronas Liopetriou
- Limassol-Paphos Group: AEZ Zakakiou
The three winners were promoted to the 1987–88 Cypriot Third Division. Ten teams were relegated to regional leagues.
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