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Date: 12 August 1948
Heats
Final
| Rank | Name | Nation | Time |
| 1 | Karen Hoff | DEN | 2:31.9 |
| 2 | Alida Van de Anker-Doedans | NED | 2:32.8 |
| 3 | Friederike Schwingl | AUT | 2:32.9 |
| 4 | Klara Banfalvi | HUN | 2:33.8 |
| 5 | Ruzena Kostalova | TCH | 2:38.2 |
| 6 | Sylvi Saimo | FIN | 2:38.4 |
| 7 | Anna Van Marcke | BEL | 2:43.4 |
| 8 | Catherine Vautrin | FRA | 2:44.4 |
| Heats | |||
| 9 | Ingrid Apelgren | SWE | 2:38.5 |
| 10 | Joyce Richards | GBR | 3:00.1 |