| Date | 20 October 1968 — 17:00 |
|---|---|
| Location | Alberca Olímpica Francisco Márquez, Ciudad de México |
| Pos | Lane | Competitor | NOC | Time | |||
|---|---|---|---|---|---|---|---|
| 1 | 6 | Charlie Hickcox |  USA | 2:12.0 | |||
| 2 | 5 | Greg Buckingham | USA | 2:13.0 | |||
| 3 | 4 | John Ferris | USA | 2:13.3 | |||
| 4 | 2 | Juan Carlos Bello |  PER | 2:13.7 | |||
| 5 | 3 | George Smith |  CAN | 2:15.9 | |||
| 6 | 7 | Sandy Gilchrist | CAN | 2:16.6 | |||
| 7 | 1 | Mike Holthaus |  FRG | 2:16.8 | |||
| 8 | 8 | Péter Lázár |  HUN | 2:18.3 |
