The women's 1500 metres event at the 1989 IAAF World Indoor Championships was held at the Budapest Sportcsarnok in Budapest on 4 March.
Results edit
| Rank | Name | Nationality | Time | Notes |
|---|---|---|---|---|
 |
Doina Melinte |  Romania |
4:04.79 | CR |
 |
Svetlana Kitova |  Soviet Union |
4:05.71 | PB |
 |
Yvonne Mai |  East Germany |
4:06.09 | PB |
| 4 | Marina Yachmenyova | Soviet Union |
4:06.52 | PB |
| 5 | Mitiță Constantin | Romania |
4:09.74 | |
| 6 | Liz McColgan |  Great Britain |
4:10.16 | PB |
| 7 | Karen Hutcheson | Great Britain |
4:11.37 | |
| 8 | Małgorzata Rydz |  Poland |
4:17.53 |