The 1987 Balearic regional election was held on Wednesday, 10 June 1987, to elect the 2nd Parliament of the autonomous community of the Balearic Islands. All 59 seats in the Parliament were up for election. The election was held simultaneously with regional elections in twelve other autonomous communities and local elections all throughout Spain, as well as the 1987 European Parliament election.

The Parliament of the Balearic Islands is the unicameral autonomous parliament of the Balearic Islands, one of the autonomous communities of Spain. The Parliament, composed of 59 elected seats, is located in the city of Palma, on the island of Majorca.