The 2014–15 Northwestern State Lady Demons basketball team represented Northwestern State University during the 2014–15 NCAA Division I women's basketball season. The Demons, led by third year co-head coaches Brooke Stoehr and Scott Stoehr, played their home games at Prather Coliseum and were members of the Southland Conference. They finished the season 19–15, 10–8 in Southland play for a tie for a sixth-place finish. They were champions of the Southland Women's Basketball Tournament and received an automatic to the 2015 NCAA Division I women's basketball tournament. They lost to Baylor in the first round.