| Official Name: | Pezhma |
| Native Name: | Пежма |
| Settlement Type: | Selo |
| Pushpin Map: | Russia Arkhangelsk Oblast#Russia |
| Subdivision Type: | Country |
| Subdivision Name: | Russia |
| Subdivision Name1: | Arkhangelsk Oblast |
| Subdivision Name3: | Velsky District |
| Subdivision Type4: | Municipality |
| Utc Offset1: | +3:00 |
| Coordinates: | 60.9833°N 89°W[1] |
Pezhma (Russian: Пежма) is a rural locality (a selo) and the administrative center of Pezhemskoye Rural Settlement of Velsky District, Arkhangelsk Oblast, Russia. The population was 585 as of 2014.[2] There are 13 streets.
Pezhma is located 23 km southwest of Velsk (the district's administrative centre) by road. Krylovo is the nearest rural locality.[3]