The Women's 1500 metres event at the 1986 European Athletics Indoor Championships was held on 23 February.[1]
Results
edit| Rank | Name | Nationality | Time | Notes |
|---|---|---|---|---|
 | Svetlana Kitova |  Soviet Union | 4:14.25 | |
 | Tatyana Lebonda | Soviet Union | 4:14.29 | |
 | Mitica Junghiatu |  Romania | 4:15.00 | |
| 4 | Elly van Hulst |  Netherlands | 4:16.21 | |
| 5 | Mary McKenna |  Ireland | 4:20.82 | |
| 6 | Asuncion Sinobas |  Spain | 4:23.16 | |
| 7 | Roisin Smyth | Ireland | 4:23.84 | |
| 8 | Agnese Possamai |  Italy | 4:24.57 | |
| Margareta Keszeg | Romania | DNS |