The 2001 Colortex Budapest Grand Prix was a women's tennis tournament played on outdoor clay courts in Budapest, Hungary and was part of Tier V of the 2001 WTA Tour.

It was the seventh edition of the tournament and ran from 16 April until 22 April 2001.

First-seeded Magdalena Maleeva won the singles title and earned $16,000 first-prize money.

Magdalena Maleeva defeated Anne Kremer 3–6, 6–2, 6–4 Tathiana Garbin / Janette Husárová defeated Zsófia Gubacsi / Dragana Zarić 6–1, 6–3