The women's 1500 metres event at the 1987 IAAF World Indoor Championships was held at the Hoosier Dome in Indianapolis on 8 March.[1]
Results
| Rank | Name | Nationality | Time | Notes |
|---|---|---|---|---|
 | Doina Melinte |  Romania | 4:05.68 | CR |
 | Tatyana Samolenko |  Soviet Union | 4:07.08 | PB |
 | Svetlana Kitova | Soviet Union | 4:07.59 | PB |
| 4 | Mitică Junghiatu | Romania | 4:08.49 | |
| 5 | Kirsty Wade |  Great Britain | 4:08.91 | |
| 6 | Sandra Gasser |  Switzerland | 4:09.89 | |
| 7 | Darlene Beckford |  United States | 4:13.64 | |
| 8 | Nikolina Shtereva |  Bulgaria | 4:18.16 | |
| 9 | Cristina Girón |  Guatemala | 4:56.98 | NR |
| Ivana Walterová |  Czechoslovakia | DNF |