|Champions||FC Vorwärts Berlin|
|Relegated||FC Rot-Weiss Erfurt 1. FC Magdeburg|
|European Cup||FC Vorwärts Berlin|
|European Cup Winners' Cup||BSG Chemie Leipzig|
|Inter-Cities Fairs Cup||1. FC Lokomotive Leipzig|
|Goals scored||485 (2.66 per match)|
|Top goalscorer||Henning Frenzel (22)|
On the strength of the 1965–66 title Vorwärts qualified for the 1966–67 European Cup where the club was knocked out by Górnik Zabrze in the first round. Seventh-placed club BSG Chemie Leipzig qualified for the 1966–67 European Cup Winners' Cup as the seasons FDGB-Pokal winner and was knocked out by Standard Liège in the second round. Third-placed 1. FC Lokomotive Leipzig qualified for the 1966–67 Inter-Cities Fairs Cup where it was knocked out in the quarter finals by Kilmarnock F.C..
In December 1965 and January 1966 East German football saw a major restructuring with the introduction of Football Clubs as separate entities from the Sports Clubs. With one exception this only affected clubs playing in the Oberliga that season. As a result ASK Vorwärts Berlin became FC Vorwärts Berlin, SC Motor Jena became FC Carl Zeiss Jena, SC Leipzig became 1. FC Lokomotive Leipzig, SC Empor Rostock became FC Hansa Rostock, SC Karl-Marx-Stadt became FC Karl-Marx-Stadt, SC Dynamo Berlin became Berliner FC Dynamo, SC Chemie Halle became Hallescher FC Chemie, SC Turbine Erfurt became FC Rot-Weiss Erfurt and SC Aufbau Magdeburg became SC Magdeburg and then 1. FC Magdeburg. Outside the Oberliga only one club, DDR-Liga northern division champions TSC Berlin which became 1. FC Union Berlin, was part of this change. With the exception of Vorwärts Berlin the clubs all retained their name until the disbanding of the Oberliga in 1991 and, in some cases, beyond.
|1||FC Vorwärts Berlin||26||15||4||7||44||27||+17||34|
|2||FC Carl Zeiss Jena||26||14||4||8||45||24||+21||32|
|4||F.C. Hansa Rostock||26||11||6||9||41||34||+7||28|
|6||BSG Wismut Aue||26||11||6||9||33||33||0||28|
|8||BSG Chemie Leipzig||26||9||8||9||32||32||0||26|
|9||Berliner FC Dynamo||26||11||3||12||42||32||+10||25|
|10||BSG Motor Zwickau||26||9||6||11||28||35||-7||24|
|11||Hallescher FC Chemie||26||7||9||10||26||33||-7||23|
|12||BSG Lokomotive Stendal||26||10||2||14||36||49||-13||22|
|13||FC Rot-Weiss Erfurt||26||8||3||15||26||42||-16||19|
|14||1. FC Magdeburg||26||7||5||14||19||39||-20||19|
|League champion & Qualified for the European Cup||FDGB-Pokal winner & Qualified for the European Cup Winners' Cup||Qualified for the Inter-Cities Fairs Cup||Relegated to DDR-Liga|
- fuwo, page: 93
- fuwo, page: 23
- "East Germany - List of Champions". rsssf.com. Retrieved 22 January 2016.
- "DDR-Meister" [East German champions]. dfb.de (in German). German Football Association. Retrieved 22 January 2016.
- "DDDR » Oberliga » Torschützenkönige" [DDR-Oberliga top scorers]. Weltfussball.de (in German). Retrieved 22 January 2016.
- fuwo, page: 92
- "European Competitions 1966-67". rsssf.com. Retrieved 22 January 2016.
- "East Germany 1946-1990". rsssf.com. Retrieved 22 January 2016.
- fuwo, page: 92
- "DDR » Oberliga 1965–66" [DDR-Oberliga 1965–66]. Weltfussball.de (in German). Retrieved 22 January 2016.
- "Das war unser Fußball im Osten" [This was our football in the East]. Fußball-Woche (fuwo) (in German). Berlin: Axel-Springer-Verlag. 1991.
- Das Deutsche Fussball Archiv (German) Historic German league tables