| 1981 Ms. Olympia | |
| Promotion: | IFBB |
| Date: | August 22, 1981 |
| Venue: | Sheraton Hotel |
| City: |  Philadelphia, Pennsylvania, United States |
| Previousevent: | 1980 Ms. Olympia |
| Followingevent: | 1982 Ms. Olympia |
The 1981 Ms. Olympia contest was an IFBB professional bodybuilding competition was held on August 22, 1981, at the Sheraton Hotel in Philadelphia, Pennsylvania. It was the 2nd Ms. Olympia competition held.
Total: $25,000[1]
| Place | Prize | Name | |
|---|---|---|---|
| 1 | $25,000 |  Kike Elomaa | |
| 2 | Rachel McLish | ||
| 3 | Lynn Conkwright | ||
| 4 | Laura Combes | ||
| 5 | Georgia Fudge | ||
| 6 | Candy Csencsits | ||
| 7 | Corinne Machado-Ching | ||
| 8 |  Marie Frances Misat | ||
| 9 | Anita Gandol | ||
| 10 | Melinda Perper | ||
| 11 | Kyle Newman | ||
| 12 | Karen Wainwright | ||
| 13 | Ellen Davis | ||
| 14 | April Nicotra | ||
| 15 |  Astrid Aschwender | ||
| 16 | Vera Bendel | ||
| 17 | Donna Frame | ||
| 18 | Carolyn Cheshire | ||
| 19 | Debbie Lemmel | ||
| 20 | Lorie Johnston |