| Country: | Chile |
| Type: | presidential |
| Previous Election: | 1881 Chilean presidential election |
| Previous Year: | 1881 |
| Next Election: | July 1891 Chilean presidential election |
| Next Year: | July 1891 |
| Election Date: | 1886 |
| Ongoing: | no |
| Image1: | File:JoseManuelBalmaceda.jpg |
| Party1: | Liberal Party |
| Candidate1: | José Manuel Balmaceda |
| Electoral Vote1: | 324 |
| Percentage1: | 98.18% |
| President | |
| Before Election: | Domingo Santa María |
| Before Party: | Liberal Alliance (PL–PR) |
| After Election: | José Manuel Balmaceda |
| After Party: | Liberal Party |
| Candidate2: | José Francisco Vergara |
| Party2: | Radical–National |
| Electoral Vote2: | 6 |
| Percentage2: | 1.82 |
Presidential elections were held in Chile in 1886.[1] Carried out through a system of electors, they resulted in the election of José Manuel Balmaceda as president.[2]