| Country: | Estonia |
| Type: | parliamentary |
| Outgoing Members: | Members of the 1st Riigikogu |
| Previous Election: | 1920 Estonian parliamentary election |
| Previous Year: | 1920 |
| Next Election: | 1926 Estonian parliamentary election |
| Next Year: | 1926 |
| Elected Members: | Members of the 2nd Riigikogu |
| Seats For Election: | 100 seats in the Riigikogu |
| Majority Seats: | 51 |
| Election Date: | 7 May 1923 |
| Image1: | Konstantin Pats 1934.jpg |
| Leader1: | Konstantin Päts |
| Party1: | Farmers' Assemblies |
| Last Election1: | 21 seats |
| Seats1: | 23 |
| Seat Change1: | 2 |
| Popular Vote1: | 99,226 |
| Percentage1: | 21.6% |
| Leader2: | August Rei |
| Party2: | Estonian Social Democratic Workers' Party |
| Last Election2: | 18 seats |
| Seats2: | 15 |
| Seat Change2: | 3 |
| Popular Vote2: | 64,297 |
| Percentage2: | 14.0% |
| Image3: | Prime minister Otto Strandman.jpg |
| Leader3: | Otto Strandman |
| Party3: | Estonian Labour Party |
| Last Election3: | 22 seats |
| Seats3: | 12 |
| Seat Change3: | 10 |
| Popular Vote3: | 51,674 |
| Percentage3: | 11.2% |
| State Elder | |
| Posttitle: | State Elder after election |
| Before Election: | Juhan Kukk |
| Before Party: | Estonian Labour Party |
| After Election: | Konstantin Päts |
| After Party: | Farmers' Assemblies |
Parliamentary elections were held in Estonia between 5 and 7 May 1923. There were some controversies - some lists, most remarkably Communist, were declared void before the elections because of electoral law violations, and the results gave Estonia its most fragmented parliament ever.