The women's canoe sprint K-2 500 metres at the 2016 Olympic Games in Rio de Janeiro took place between 15 and 16 August at Lagoa Stadium.

The competition comprised heats, semifinals, and a final round.

The fastest three boats in each semifinal qualify for the 'A' final.

The remaining boats in each semifinal qualify for the 'B' final.

The fastest three boats in each semifinal qualify for the 'A' final.