The 1989 Arkansas State Indians football team represented Arkansas State University as an independent during the 1989 NCAA Division I-AA football season. Led by 11th-year head coach Larry Lacewell, the Indians finished the season with a record of 5–6.

Schedule

Date	Opponent	Rank	Site	Result	Attendance	Source
September 9	at Memphis State		Liberty Bowl Memorial Stadium Memphis, TN (rivalry)	W 17–13	30,794	[1]
September 16	at Ole Miss		Vaught–Hemingway Stadium Oxford, MS	L 31–34	29,000	[2]
September 23	No. 2 North Texas	No. 8	Indian Stadium Jonesboro, AR	L 17–20		[3]
September 30	Southern Illinois	No. 12	Indian Stadium Jonesboro, AR	W 28–23	12,726	[4]
October 7	at Lamar	No. 10	Cardinal Stadium Beaumont, TX	W 41–31		[5]
October 14	McNeese State	No. 9	Indian Stadium Jonesboro, AR	W 21–16		[6]
October 21	Louisiana Tech	No. 6	Indian Stadium Jonesboro, AR	L 37–40	15,891	[7]
October 28	at Northeast Louisiana	No. T–18	Malone Stadium Monroe, LA	L 7–13	19,466	[8]
November 4	No. 4 (D-II) Pittsburg State		Indian Stadium Jonesboro, AR	L 13–34	15,627	[9]
November 11	at Illinois State		Hancock Stadium Normal, IL	W 21–12	10,851	[10]
November 18	at Southwestern Louisiana		Cajun Field Lafayette, LA	L 28–29	12,231	[11]
Homecoming Rankings from NCAA Division I-AA Football Committee Poll released prior to the game