A four port compact low profile planar MIMO antenna with meander line radiators and with polarization diversity effect has been proposed to cover 5.8 GHz wireless local area network application. The proposed MIMO antenna has −10 dB impedance bandwidth of 1.4 GHz (5.3–6.7 GHz) along with the compact size of 38 × 38 mm2 and an envelope correlation coefficient (ECC) of less than 4 × 10−4 in the whole band. The proposed antenna resonates at 5.8 GHz frequency, having return loss of −43.2 dB. The isolation between diagonal and opposite ports is more than 10 and 12 dB, respectively, in the presented frequency band. The total active reflection coefficient frequency response shows more than 1.0 GHz of bandwidth in the whole band. The antenna gain is more than 4.0 dBi in the operating frequency band. The radiating elements are very close to each other to make the design very compact.