The Women's 800 metres event at the 2004 IAAF World Indoor Championships was held on March 7, Budapest Arena, Hungary..

1 Maria Mutola Mozambique
1:58.50
2 Jolanda Čeplak Slovenia
1:58.72 SB
3 Joanne Fenn Great Britain
1:59.50 NR
4 Jennifer Toomey United States
1:59.64 PB
5 Tatyana Andrianova Russia
1:59.71 PB
6 Olga Raspopova Russia
2:00.56