The women's 1500 metres event at the 1997 European Athletics U23 Championships was held in Turku, Finland, on 12 July 1997.
| Gold | Andrea Šuldesová | |
| Silver | Lidia Chojecka | |
| Bronze | Natalya Chernyshova |
12 July
| Rank | Name | Nationality | Time | Notes | |||
|---|---|---|---|---|---|---|---|
| align=left | align=left | | 4:13.92 | ||||
| align=left | align=left | | 4:14.70 | ||||
| align=left | align=left | | 4:15.43 | ||||
| 4 | align=left | align=left |  | 4:16.20 | |||
| 5 | align=left | align=left |  | 4:16.95 | |||
| 6 | align=left | align=left |  | 4:17.17 | |||
| 7 | align=left | align=left | 4:17.48 | ||||
| 8 | align=left | align=left |  | 4:18.03 | |||
| 9 | align=left | align=left |  | 4:19.48 | |||
| 10 | align=left | align=left | | 4:19.68 | |||
| 11 | align=left | align=left | | 4:19.85 | |||
| 12 | align=left | align=left | | 4:20.07 | |||
| 13 | align=left | align=left |  | 4:20.93 | |||
| 14 | align=left | align=left |  | 4:21.05 | |||
| 15 | align=left | align=left | | 4:24.00 | |||
| 16 | align=left | align=left | | 4:24.78 |
According to an unofficial count, 16 athletes from 11 countries participated in the event.
(1) (1) (1) (2) (1) (2) (2) (2) (2) (1)