| Elspe | |
| Source1 Coordinates: | 51.1967°N 7.6633°W |
| Mouth Location: | Volme |
| Mouth Coordinates: | 51.2056°N 7.5819°W |
| Subdivision Type1: | Country |
| Subdivision Type2: | State |
| Length Km: | 7.5 |
Elspe is a right tributary of the Volme river in Germany. Its source is at 413 metres above sea-level near Brenscheid, just south of Piepersloh, a part of the city Lüdenscheid. It empties at 270 metres above sea-level into the Volme in Brügge, another part of Lüdenscheid. The Elspe is separated from the Lüdenscheid's built up area by the Nurre mountain range. It makes two 90° turns.
Notable buildings in the Elspe valley are Schloß Neuenhof (Neuenhof Castle) and the Elspe works of the Hueck continuous aluminium casting factory.