The Scarlet Knights women's basketball of late has been one of the more successful programs in the school. A notable season would be the 2005-2006 season, when Rutgers at one point was ranked fourth in the nation and reached the Elite Eight behind the shooting of Cappie Pondexter. In the 2006-07 season, Rutgers finished second in the regular season behind UConn, but went on to defeat the Huskies in the Big East Championship game.
Rutgers beat first seeded Duke 53-52 in the 2007 NCAA Women's Division I Basketball Tournament, and advanced to the 2007 Women's Final Four. In the national semifinals, they would defeat LSU, 59-35 and advance to their first ever National Championship game. In that game, however, they lost to the Tennessee Lady Volunteers by the score of 59-46.
In June 2007, the Rutgers women's basketball team earned the Irv Grossman Award of Merit as providing service and unique achievement to increase appreciation for and elevate the status of women’s collegiate sports on a national level. The award is named after Irv Grossman, the founder of the Honda Awards Program.
The team is currently coached by C. Vivian Stringer.